93-7989R~i
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RESOLUTION NO. 7989
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY
77th STREET PROJECT - 7646 Lyndale Avenue
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 located at 7646 Lyndale
Avenue, being described as follows:
That part of Lot 7, "Glenn's Addition", lying between the
south line of the north 28.3 feet of said Lot 7 and the north
line of the south 30.9 feet of said Lot 7.
WHEREAS, on November 23, 1992, the City did set and approve
just compensation for said real property in the amount of
$119,867 which was rejected by owner; and
WHEREAS, consideration was given to the consequences of
setting price through the condemnation process; and
WHEREAS, the purchase and vacation of this property prior to
April 30, 1993 is critical to the success of construction in
1993.
WHEREAS, the owner has agreed to sign a purchase agreement
and vacate the property for a purchase price of $145,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Richfield, Minnesota as follows:
That the Mayor and City Manager are authorized to execute a
purchase agreement for $145,000.
Adopted by the City Council
Minnesota this 8th day of March,
of the City of Richfield,
1993.
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Martin J. K'rsch, Mayor
ATTEST : /'~
Thomas P. Ferber, City Clerk