93-7993R41
RESOLUTION N0. 7993
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY
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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 follows and depicted on the
attached Exhibit A:
A permanent easement for public roadway and utility purposes over,
under and across the North 100.00 feet of the South 724.00 feet of the
East 25.00 feet of the Southwest Quarter of the Southwest Quarter of
Section 34, Township 28, Range 24, Hennepin County, Minnesota and over,
under and across the North 100.00 feet of the South 724.00 feet of the
West 25.00 feet of the Southeast Quarter of the Southwest Quarter of
said Section 34. (Soo Line track and 77th Street intersection as
depicted in attached drawing).
WHEREAS, the City has adopted an official map for improvements to
77th Street; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire
real property within its jurisdiction; and
WHEREAS, the Minnesota Department of Transportation (MnDOT) and
Federal Highway Administration (FHWA) are funding this project; and
WHEREAS, the City has caused an appraisal of the subject property
to be made by a qualified independent professional real estate appraiser
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 $14,300.
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 their property and establish eligibility for relocation
benefits.
Adopted by the City Council of
this 22nd day of March, 1993.
ATTEST:
~~~~B-2n2~rn
Thomas P. Ferber, City Cler
the City f 'chfield, Minnesota
L t
Martin J. K rsch, Mayor
Resolution No. 7993
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