05-9688r
288
RESOLUTION NO. 9688
RESOLUTION ESTABLISHING JUST COMPENSATION AND AUTHORIZING
PURCHASE OF REAL PROPERTY LOCATED AT 6601,6609,6615,6621,6627,6633,
6639, AND 6645 17TH AVENUE
WHEREAS, on September 27, 2005, the City Council (City) approved an
Agreement with the Metropolitan Airports Commission (MAC) to outline the procedures
and conditions to be followed in acquiring eight residential properties along 17th Avenue;
WHEREAS, the City has a plan for the purchase of properties along 17th Avenue,
south of East 66th Street; and
WHEREAS, the real property described in Exhibit A is identified for purchase by the
City; and
WHEREAS, the real property described in Exhibit B is identified for purchase by the
MAC; and
WHEREAS, Permanent Improvement Revolving funds from the City are available
on an interim basis for the purchase of the real property and related expenses described in
Exhibit A; and
WHEREAS, funds from the MAC are available to the City for the purchase of the
real property and related expenses described in Exhibit B; and
WHEREAS, the City is authorized by Minnesota Statutes to acquire real property
within its corporate boundaries; and
WHEREAS, the City has caused appraisals for the subject property to be made by
a qualified independent professional appraiser to determine fair market value of real
estate; and
WHEREAS, a qualified review appraiser has certified the appraisal reports identified
in Exhibit B, in accordance with the aforementioned Agreement, as being in conformity
with appraisal standards; and
WHEREAS, the fair market value of the real properties are identified in Exhibit C.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield,
Minnesota as follows:
1. That just compensation for the real properties identified in Exhibit C is approved.
2. That the City's consultant is authorized to present offers of said amounts to the
respective property owners.
3. That the City's consultant is authorized to undertake all other necessary actions to
purchase said property on behalf of the City.
Adopted by the City Council of the City of Richfield, Minnesota this 13th day of
December, 2005. ~ \ / " J
-;P:/t~~t,J//) l~j'1
Martin J. Kirsc-fr~ Mayor
ATTEST:
EXHIBIT A
Property Address Legal Description
6601 - 17th Avenue Lot 16, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6609 -17th Avenue Lot 15, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6615 -17th Avenue Lot 14, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6621 - 17th Avenue Lot 13, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
EXHIBIT B
Property, Address Legal Description
6627 - 17th Avenue Lot 12, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6633 -17th Avenue Lot 11, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6639 - 17th Avenue Lot 10, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
6645 -17th Avenue Lot 9, Block 2, Wexler's Addition, Hennepin County, Minnesota
Together with all abutting streets and alleys, vacated or to be
vacated, an all easements gaps, overlaps and gores, appurtenant
thereto
EXHIBIT C
Property Address Fair Market Value
6601 - 17th Avenue $244,000
6609 - 17th Avenue $224,000
6615 - 17th Avenue $204,000 .
6621 -17th Avenue $223,000
6627 - 17th Avenue $222,000
6633 - 17th Avenue $242,000
6639 - 17th Avenue $220,000
6645 - 17th Avenue $241,000