92-7918R70
RESOLUTION NO. 7918
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY.
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 4 South Murray Lane Addn, aka 7645 12th Avenue
South
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, 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 571,000.
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.
Resolution No. 7918
Page 2
4.
That the City Manger is hereby directed to notify,
writing, the owne s of subject property as soon as
possible that the City intends to acquire-his/her
property and establish eligibility for relocation
benefits.
in
Adopted by the City Council of the City of Richfield,
Minnesota this 28th day ofSeptember, 1992.
i
/ ~'~ ._
j Martin J. irsch, Mayor
ATTEST:
,~~//
Thomas P. Ferber, City Clerk