94-8119r/6
RESOLUTION N0. 8119
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION
AUTHORIZING PURCHASE OF PARTIAL FEE TAKING AT
7700 PORTLAND AVENUE SOUTH; 77TH STREET PROJECT
WHEREAS, the City of Richfield, Minnesota desires to purchase
certain real property pursuant to and in furtherance of the 77th Street
Project (Project) heretofore adopted by the City of Richfield (City)
said real property being described in Exhibit A, attached hereto; and
WHEREAS, the City has .adopted and official map for improvements to
77th Street; and
WHEREAS, the improvements to 77th Street necessitate the purchase
of real property; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire
real property within its jurisdiction; and
WHEREAS, Minnesota Department of Transportation (MnDOT) and Federal
Highway Administration (FHWA) are funding this project; and
WHEREAS, the City has caused appraisals of the subject .property to
be made by qualified independent professional real estate appraisers to
determine fair market value; and
WHEREAS, a qualified review appraiser has certified the appraisal
report as to conformity with appraisal standards and has certified same.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richfield, Minnesota as follows:
1. That just compensation is determined to be $2,300.00.
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real property.
3. That the City Manager and Mayor are authorized to execute
appropriate agreements.
4. That the City Manager is hereby directed to notify, in writing, the
owners of subject property as soon as possible that the City intends
to acquire a partial fee taking in his property and establish
eligibility for relocation benefits if any.
Adopted by the City Council of the City of Richfield, Minnesota
this 14th day of March, 1994.
Martin J. K sch, Mayor
ATTEST:
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Thomas P. Ferber, City Cle