92-7925Rii
RESOLUTION N0. 7925
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 8, Block 1 South Murray Lane 2nd Addn, aka 7644 12th
Avenue South,
Lot 9, Block 3 South View Addition, aka 7645 15th 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:
$87,000 for 7644 12th Avenue
$73,000 for 7645 15th Avenue
2. That the City Manager is authorized and directed to
commence negotiations for the purchase of said real
property.
Resolution No. 7925
Page 2
3. That the City Mangy
execute a purchasE
compensation set i
ger and Mayor are authorized to
agreement for the amount of just
orth 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
Minnesota this 9th day of
~uncil of the City of Richfield,
~ovember, 1°~~9,9~2 . --~-----
~~~;~~ GZ~/G~
Martin J. 'rsch, Mayor
ATTEST:
Thomas P. Ferber, City Cl