81-6452R96
.Y
RESOLUTION 6452
• RESOLUTION AUTHORIZING THE
PURCHASE OF RICHFIELD LAKE, LAKE BOTTOM
WHEREAS, the City of Richfield (the "City") is responsible
for storm water runoff from public rights-of-way, and •
WHEREAS, it is necessary for•the city to provide a system
of ponding areas to which the storm water can flow, and
WHEREAS, Richfield Lake has served as a.ponding area for
storm water runoff, and
WHEREAS, for the city to properly discharge. this responsibility,
it is desirable to own the lake bottom area •as described in
• .Exhibit A, which is attached, and`_ ,
WHEREAS, the Richfield Housing and Redevelopment Authority
(the "HRA") has recently purchased a portion of the lake bottom
as described in Exhibit A, and
WHEREAS, the area was appraised .by a competent appraiser
and the appraisal has been carefully considered, and
WHEREAS, funds for the purchase of park land space have
been allocated in the capital improvement program.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF RICHFIELD:
1. It is necessary to acquire the Richfield Lake lake bottom
described in Exhibit A.
2. Just Compensation is determined to be $27,290.
3. The Mayor and City Manager are authorized to execute a
purchase agreement.
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•4. .The City Manager is directed to complete the purchase
process. .
Passed by the Richfield City. Council this .22nd. day of June,
1981.
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