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93-7997R45 RESOLUTION NO. 7997 CITY OF RICHFIELD, MINNESOTA RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY 77TH STREET PROJECT 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 Exhibits A & B: Permanent Easement (Parcel 35A): The North 30.00 feet of the West 66.00 feet of the East 91.00 feet of the South Half of the Southwest Quarter of the Southwest Quarter of Section 34, Township 28, Range 24. Temporary Easement (Parcel 35A-TE): The South 22.5 feet of the North 52.5 feet of said West 66.00 feet of the South Half of the Southwest Quarter of the Southwest Quarter of Section 34, Township 28, Range 24. Permanent Easement (Parcel 36 A-R): 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 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. WHEREAS, the City did, on November 23, 1992, set just compensation for parcel 35A at 59,000 and parcel 35A-TE at 5400; and WHEREAS, on March 22, 1993, the City did set just compensation for parcel 36 A-R at $14,300; and WHEREAS, MnDOT and FHWA authorization to make offers on these parcels was received on February 23, 1993; and WHEREAS, the owners rejected these offers and claimed a value substantially higher than just compensation; and WHEREAS, the consequences of setting a price through the condemnation process was considered along with the additional time which would be consumed; and WHEREAS, the owner has agreed to enter into agreements selling the property for a total of 546,000. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as follows: 1. That just compensation is revised and set at $46,000. 2. That the Mayor and City Manager are authorized to execute documents to effectuate the purchase at $46,000. Resolution No. 7997 Page 2 Adopted by the City Council;of this 5th day of April, 1993 ATTEST: Thomas P. Ferber, City Cler'c the City of Richfield, Minne ota ~~._ _ '~ Martin J. K sch, Mayo ~I