92-7933RRESOLUTION NO. 7933
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:
Parcel No. 24A
7646 Lyndale Avenue, legally described as that part of Lot 7,
"Glenn's Addition", lying between the south line of the north
28.3 feet of said Lot 7 and the north line of the south 30.9 feet
of said Lot 7 according to the recorded plat thereof; and
Parcel No. 35A
Soo Line Railroad property,
Partial taking (30 foot strip) legally described as:
The north 30 feet of the west 66 feet of the east 91 feet of
the south half of the southwest quarter of the southwest quarter
of section 34; township 28, range 24, Hennepin County, Minnesota.
Temporary Construction Easement
Over, under and across the south 22.5 feet of the north 52.5
feet of above said west 66 feet.
WHEREAS, the City has adopted official plans 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 approval of the purchase of this property is anticipated; 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.
Resolution No. 7933
Page 2
NOW, THEREFORE, BE IT
City of Richfield, Minnes
OLVED by the City Council of the
as follows:
1. That just compensation is determined to be:
$119,867 for 7646 Lynda]~e Avenue (Parcel 24A)
$ 9,000 for fee ownership of Soo Line property (Parcel 35A)
S 400 for a temporary construction easement on Soo Line
property.
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real property following
MnDOT and FHWA approvalr'~
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.
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 23rd day of November, 1992.
Martin J irsch, Mayor
ATTEST:
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Thomas P. Ferber, City Clerk