91-7771R26
RESOLUTION NO. 7771
THE CITY OF RICHFIELD, MINNESOTA
RESOLUTION ESTABLISHING JUST COMPENSATION,
AUTHORIZING PURCHASE OF REAL PROPERTY AND
SUBMITTAL OF LOAN APPLICATION FOR
7645 WENTWORTH AVENUE
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 9, Block 2, R.C. Soens 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 it 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 (MNDOT)
is now reviewing the appraisal report as to conformity with
appraisal standards.
Resolution No. 7771
NOW,. THEREFORE, BE IT
City of Richfield, Minneso
1. That subs ect to
compensation is
-2-
SOLVED by the City Council of the
as follows:
of the MNDOT review dust
to be $79,000.
2. That the City Manager i~ authorized and directed to commence
negotiations for the purchase of said real property upon
notification from MNDOT that the appraisal report is in
conformity with appraisal standards.
3. That the City Manager a d Mayor are authorized to execute
a Purchase Agreement fo~ the amount of dust compensation set.
forth in this resolution.
4. That the City Manager is hereby directed to notify in writing
the owner of subject property as soon as possible that
the City intends to acquire 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 Council of the City of Richfield,
Minnesota this 22nd day of July, 1991.
Martin J. Kirsch, Mayor
ATTEST: