92-7904RRESOLUTION NO. 7904
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY
56
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 Exhibit A, attached
hereto; 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 property; 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, acquisition of the subject property is imminent upon
final project approval by MnDOT and FHWA; 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 including fixtures if any is determined as
described in Exhibit A, attached hereto.
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real property following
MNDOT and FHWA approval.
3. That the City Manager and Mayor are authorized to execute
purchase agreements for the amount of just compensation set
fourth 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 10th day of August, 1992.
Martin J irsch, Mayor
ATTEST:
~~1~9-nzLtD
Thomas P. Ferber, City Clerk
Resolution No. 7904
EXHIBIT A
JUST COMPENSATION
77TH STREET PROJECT
Prop~y
Address ~@ga{
Desai Pion ~><t
C ensat~on ;
7638 Dupont Ave. Lot 7, Northfelt Addition $100,000
7645 Harriet Ave. Lot 9, Block 3, Sunset Terrace Addition $83,000
7645 Grand Ave. W. 121 85/100 feet, except street,
Lot 8, Block 2, Sunset Terrace Addition
$68,000
7645 Pillsbury Ave. Lot 9, Block 3, R. C. Soens Addition $79,000
7644 Blaisdell Ave. Lot 8, Block 2, R. C. Soens Addition $70,000
7645 Blaisdell Ave. Lot 8, Block 1, R. C. Soens Addition $78,000
7644 First Ave. Lot 8, Block 4, A. G. Bogen
Company's Nicollet Addition
$86,000
7644 Stevens Ave. Lot 8, Block 3, A. G. Bogen
Company's Nicollet Addition
$74,000
7645 Stevens Ave. Lot 9, Block 2, A. G. Bogen
Company's Nicollet Addition
$74,000
7644 Second Ave. Lot 8, Block Z, A. G. Bogen
Company's Nicollet Addition
$82,000
7645 Second Ave. Lot 7, Block 1, A. G. Bogen
Company's Nicollet Addition
$87,000
7645 Third. Ave. Lot 7, A. G. Bogen Company's
Third Avenue Addition
$81,000
7644 Pleasant Ave. Lot 8, Block 2, Sunet Terrace Addition $137,000
A-1
Propertp
Address Legat
Death tfon ' .psi
~ ensat~on
South 30 9/10 feet of Lot 7,
7648 Lyndale Ave. Glenn's Addition $142,628
North 75 fget of the W 1 /4 of SE 1 /4 of
SW 114 of SW 1/4, except road,
7701 Harriet Ave. Secl 34, Twn. 28, Rng 24 $175,322
A-2