92-7891R43
RESOLUTION NO. 7891
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE. OF REAL PROPERTY
7644 GRAND AVENUE
7644 WENTWORTH AVENUE
7645 NICOLLET AVENUE
7644 CHICAGO 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
follows:
Lot 8, Block 3, Sunset Terrance Addition (Grand)
Lot 8, Block 3, RC Svens Addition (Wentworth)
Lots 9 & 10, Block 4, A.G. Bogen Co. Nicollet Avenue
Addition (Nicollet)
Lot 9, Block 1, Mattson Heights 4th Addition (Chicago); and
WHEREAS, the City has adopted an official map for
improvements to 77th Street; and
WHEREAS, the improvements to 77th Street necessitate the
purchase of real estate; and
WHEREAS, the City is authorized by Minnesota Statutes to
acquire real property within its jurisdiction; and
WHEREAS, Minnesota Department of Transportation (MnDOT) and
Federal Highway Administration (FHWA) are funding this project;
and
WHEREAS, MnDOT and FHWA procedures provide for purchase of
property when the owner is experiencing a hardship; and
WHEREAS, recognition by MNDOT and FHWA of these properties
as "hardship" has been requested and such recognition is
imminent; and
WHEREAS, the City has caused an appraisal of the subject
properties 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 reports as to conformity with appraisal standards and
has certified same.
Resolution No. 7891
NOW, THEREFORE, BE IT
City of Richfield, Minneso
-2-
SOLVED by the City Council of the
as follows:
1. That just compensation including fixtures, if any,
determined to be as follows;
7644 Grand Avenue $ 78,000
7644 Wentworth Avenue $ 90,000
7645 Nicollet',Avenue $ 194,371
7644 Chicago $ 81,000
2. That an adjust in 'just compensation shall be made if
soil cont aminationis found at 7645 Nicollet Avenue.
3. That the City Manager is authorized and directed to
commence negotiations for the purchase of said real
property following!MnDOT and FHWA approval.
4. That the City Manager and Mayor are authorized to
execute a purchase'lagreement for the amount of just
compensat ion set fourth in this resolution.
5. That the City Manager is hereby directed to notify, in
writing, the owner'', 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 13th day of July, 1992.
~-
i iam B llock
or Pr Tempore
ATTEST:
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Thomas P. Ferber
City Clerk