90-7642R3
RESOLUTION NO. 7642
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY AND
SUBMITTAL OF LOAN APPLICATION FOR
7645 1ST AVENUE SOUTH
7644 10TH AVENUE SOUTH
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 properties being described as
follows:
Lot 9, Block 3, A. G. Bogen Company's Nicollet Avenue Add. (7645
1st Avenue South);
Lot 8, Block 3, South Murray Lane 2nd Add. (7644 10th 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 estate; and
WHEREAS, the City is authorized by Minnesota Statutes to
acquire real property within its jurisdiction; and
WHEREAS, city funds are presently not available for purchase
of real estate; and
WHEREAS, the Metropolitan Council administers RALF which is
made available to cities for the purchase of "hardship
properties"; and
WHEREAS, preliminary approval has been given by the City
Council and Metropolitan Council to utilize RALF; and
WHEREAS, continued ownership of the subject properties by
their current owners constitutes a hardship as defined by the
RALF program guidelines; and
WHEREAS, the City has caused appraisal of the subject
properties to be made by a qualified independent professional
real estate appraiser to determine fair market value; and
WHEREAS, the Minnesota Department of Transportation has
reviewed the appraisal reports as to conformity with appraisal
standards.
Resolution No. 7642
NOW, THEREFORE, BE IT
City of Richfield, Minneso
-2-
SOLVED by the City Council of the
as follows:
1. That just compensation is determined to be as follows:
7645 1st Avenue'~South $ 80,000
7644 10th Avenue South $120,000
2. That the City Manager is authorized and directed to commence
negotiations for the purchase of said real properties.
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 properties as soon as possible that
the City intends to acquire his/her property and establish
their eligibility for relocation benefits.
5. That the City Manager and Mayor are directed to execute
appropriate documents for submittal of an application to
the Metropolitan Council for RALF to effectuate the.
purchase of the subject property.
Adopted by the City Council of the City of Richfield,
Minnesota this 25th day of June, 1990
ATTEST:
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Thomas P. Ferber, City Clerk