93-7969R17
RESOLUTION NO. 7969
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY
77th STREET PROJECT
7645 14th Avenue South
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 as:
Lot 9, Block 4 South View Addition, aka 7645 14th Avenue South
WHEREAS, the City has adopted an 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 $80,000.
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
a purchase agreement for the amount of just compensation
set forth in this resolution.
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 his/her property and
establish eligibility for relocation benefits.
Adopted by the City Council of the City of Rich i ld, Min esota
this 25th day of January, 1993.
Martin J. K'r h, Mayor
ATTEST:
Thomas P. Ferber, City Clerk