93-8000R
RESOLUTION NO. 8000
48
RESOLUTION ESTABLISHING JUST COMPENSATION
AUTHORIZING PURCHASE OF REAL PROPERTY
77TH STREET PROJECT
7644 COLUMBUS AVENUE, 7645 TENTH AVENUE, 7644 11TH AVENUE,
7644 15TH AVENUE, AND 7644 BLOOMINGTON 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 being described in attached Exhibit A; and
WHEREAS, the City has adopted an official map for improvements to
77th Street; and
WHEREAS, .the City is authorized by Minnesota Statues 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 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 as indicated in
attached Exhibit A.
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 12th day of April., 1993.
Martin J. 'rsch, Mayor
ATTEST:
.~
.Thomas P. Ferber, City Clerk