93-8032RRESOLUTION N0. 8032
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY
7643-45 Portland Avenue
608-10 East 77th Street
7642-44 Oakland 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 as:
Lot 9, Block 3, Mattson Heights 3rd Addition
aka 7643-45 Portland Avenue
Lot 8, Block 3, Mattson Heights 3rd Addition
aka 608-10 East 77th Street
Lot 7, Block 3, Mattson Heights 3rd Addition
aka 7642-44 Oakland Avenue
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 appraisals of the subject
.property to be made by qualified independent professional real
estate appraisers to determine fair marked 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:
5109,000 for 7643-45 Portland Avenue
5112,000 for 608-10 E. 77th Street
5119,000 for 7642-44 Oakland Avenue
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real property.
80
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.
Resolution No. 8032
Page 2
4. .That the City Manager i~
writing, the owners of
that the City intends tc
establish eligibility fc
hereby directed to notify, in
ubject property as soon as possible
acquire his/her property and.
r relocation benefits.
Adopted by the City Councili,of the City of Richfield, Minnesota
this 28th day of June, 1993 J,
ATTEST:
Thomas P. Ferber, City Clerk
I'
~ -r ~,~ ~
Martin J. sch, Mayor