91-7722R83
RESOLUTION N0. 7722
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING .JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY AND
SUBMITTAL OF LOAN APPLICATION FOR
7645 OAKLAND 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 property being described as follows:
Lot 11, Block 2, Mattson Heights 3rd Add.
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 property by the
current owner constitutes a hardship as defined by the RALF
program guidelines; and
WHEREAS, the City has caused an appraisal of the subject
property to be made by a qualified independent professional real
estate appraiser to determine fair market value; and
WHEREAS, the Minnesota Department of Transportation has
reviwed the appraisal report as to conformity with appraisal
standards.
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 as follows:
7645 Oakland Avenue South $93,000
Resolution No. 7722
Page 2
2. .That the City Manager
negotiations for the
3. That the City Manager
a Purchase Agreement f
forth in this resoluti
s authorized and directed to commence
rchase of said real property..
nd Mayor are authorized to execute
r the amount of just compensation set
n.
4. That the City Manager ils hereby directed to notify in writing
the owner of subject property as soon as possible that
the City intends to ac~~uire his/her property and establish
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 Co
Minnesota this 25th day of
it of the City of Richfield,
bruary, 1991.
'~' / ~ ,
Martin J. irsch, Mayor
ATTEST:
Thomes P. Ferber, City