93-8007RRESOLUTION N0. 8007
RESOLUTION ESTABLISHING JUST COMPENSATION
AUTHORIZING PURCHASE OF REAL PROPERTY
77TH STREET PROJECT
7644 13th 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 as follows:
Lot 8, Block 4, South Murray Lane Addition, aka 7644 13th Avenue
South; and
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 $80,000.
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 26th day of April, 1993.
~~~
Martin J. sch, Mayor
ATTEST:
~~I~t-~7yLL~~ ~ ~~t~~
Thomas P. Ferber, City Clerk
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