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02-26 Resolution No. 11611 RESOLUTION NO. 11611 RESOLUTION AUTHORIZING A LAND EXCHANGE WITH THE MINNESOTA DEPARTMENT OF TRANSPORTATION AS PART OF THE COMPLETED CROSSTOWN RECONSTRUCTION PROJECT WHEREAS, the City of Richfield (City) and the Minnesota Department of Transportation (MnDOT) entered into an agreement in 2006, memorialized in MnDOT Contract No. 89064 (Agreement), to exchange certain parcels of land as part of the Crosstown Reconstruction Project (Project); and WHEREAS, the Agreement calls for an exchange of deeds to transfer title to the parcels of land to be exchanged thereunder, with the City conveying to the State a strip of land along Highway 62 and lying on the north side of Madison Park, in return for a deed from the State conveying two parcels of land adjacent to Madison Park, and a third parcel of land adjacent to Highway 62 on Lyndale Avenue; and WHEREAS , the Agreement, by its own terms, expired in 2013; and WHEREAS, the Project has been completed and title to the properties involved in the exchange was never conveyed; and WHEREAS, the City and MnDOT both desire to complete the land exchange and grant deeds conveying title to each party’s respective properties, as originally contemplated in the Agreement; and WHEREAS, the City has determined that granting a deed conveying the City- owned land covered in the Agreement, and accepting delivery of a deed from MnDOT conveying the State-owned land covered in the Agreement, is in the interest of the public; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Richfield, Minnesota, as follows: 1. That the City shall deed to MnDOT, on behalf of the State, the City-owned land described in MnDOT Contract No. 89064, and shall accept delivery from MnDOT, on behalf of the State, a deed conveying the State-owned land contemplated in MnDOT Contract No. 89064. 2. That the Mayor and City Manager are hereby authorized and directed to execute all appropriate documents to effectuate the transaction contemplated by this Resolution. 1 Resolution No. 11611 3. That the Mayor, City Manager, staff and consultants are hereby authorized and directed to take any and all additional steps and actions necessary or convenient in order to accomplish the intent of this Resolution. Adopted by the City Council of the City of Richfield, Minnesota this 26th day of February, 2019. IDIVIAd6A- Maria Regan GonzkCer) , Mayor ATTEST: //(161) Elizabm an-loose, City Clerk 2 Resolution No. 11611