93-7981R29
RESOLUTION NO. 7981
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY
77th STREET PROJECT - 7645 Elliot 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 3 South Murray Lane 2nd Addition, aka 7645
Elliot 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 $71,000.
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 Richfield,
Minnesota this 8th day of February, 1993.
Martin J. 'r ch, Mayor
ATTEST:
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Thomas P. Ferber, City Clerk