05-9666r
266
RESOLUTION NO. 9666
RESOLUTION ESTABLISHING REVISED JUST COMPENSATION
AND AUTHORIZING PURCHASE OF REAL PROPERTY
LOCATED AT 6400 CEDAR AVENUE
AIRPORT NOISE ACQUISITION PROGRAM
WHEREAS, on September 10, 2001, the City Council approved the acquisition
strategy for residential property in the airport mitigative area, using $10 million in federal
funds secured by Congressman Sabo; and
WHEREAS, on March 26, 2002, the City Council approved an agreement
(Agreement) with the Metropolitan Airports Commission (MAC) to provide $10 million of
Federal Aviation Administration (FAA) airport improvement program funds to the City of
Richfield to purchase properties (including all related costs) that are, or will be, negatively
impacted by airport operations; and
WHEREAS, within the aforementioned airport mitigative area the real property
identified for purchase is:
Pro ert Address
6400 Cedar Ave S
Together with all abutting streets and alleys, vacated or to be
vacated, and all easements, gaps, overlaps and gores,
a urtenant thereto
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the City has extended an offer of fair market value, as determined by
qualified independent professional appraisers, to the owner of real property listed above;
and
WHEREAS, the owner of real property at 6400 Cedar Avenue has presented a
counter offer to the City for the purchase of the property in the amount of $434,000; and
WHEREAS, the City is authorized to negotiate for the purchase of property and to
extend purchase offers to owners within 110 percent of the-appraised value, up to
$25,000; and
WHEREAS, the owner's counter offer exceeds the authorized negotiating limit by
$4,000; and
WHEREAS, the Metropolitan Airports Commission (MAC) has approved the
additional $4,000 that exceeds the authorized negotiating limit.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That the revised just compensation amount of $434,000 for the purchase of 6400
Cedar Avenue is hereby approved.
2. That the City's acquisition/negotiation/relocation consultant, Conworth, Inc., and legal
counsel are authorized to present a revised purchase offer of the approved amount to
the respective property owner.
3. The Mayor and City Manager are authorized to execute all appropriate documents to
consummate the purchase in accordance with the approved purchase agreement.
Adopted by the City Council of the City of Richfield, Minnesota this 11th day of
October, 2005.
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Martin J. Kirs'Gb....Mayor
ATTEST:
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