85-25
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CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: June 3, 1985
85-25
RESOLUTION NO:
MOTION BY: Horn
SECONDED BY:
Watson
A RESOLUTION ESTABLISHING THE FAIR MARKET VALUE AND AUTHORIZATION
TO MAKE OFFER TO PURCHASE BLOOMBERG PARCEL
WHEREAS, the Chanhassen City Council has the responsibility
to carry out the goals of the Downtown Land Acquisition Project of
the Community Development Block Grant (CDBG) Program (Years IX,
X, and XI) which includes the acquisition of real property; and
WHEREAS, the City intends to purchase fee simple title from
its owner Herbert N. Bloomberg of 1.76 acres irregular shape
vacant parcel of land adjacent to the old Instant Web building
south of County Road 16, the legal description which is attached
as Exhibit A; and
WHEREAS, the property to be acquired has been appraised by an
independent professional Real Estate Appraiser, who has completed
a written document setting forth the fair market value; and
WHEREAS, another qualified appraiser has reviewed the
appraisal report and concurs in the established Fair Market Value
and has set forth that finding in a written statement to the City;
and
WHEREAS, the work of the appraiser and review appraiser has
been determined by the City's Acquisition Consultant to be in
compliance with State law, generally accepted appraisal stan-
dards, the Uniform Relocation Assistance and Real Property
Acquisition policies Act of 1970 and other applicable Rules and
Regulations of the Department of Housing and Urban Development.
NOW, THEREFORE, BE IT RESOLVED THAT:
1. The Fair Market value of $150,000.00 ($1.95/square foot)
set forth in the appraisal and review appraisal report is
hereby adopted as just compensation.
2. The City's staff and its attorney are hereby authorized
to acquire the subject property by purchase, or donation,
for an amount not to exceed the amount of just compen-
sation or by proceedings in Eminent Domain, if necessary.
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June
Passed and adopted by the Chanhassen City Council this
3rd
day of
ATTEST:
a ~"_~
Don Ashworth, City Clerk/Manager
YES
Hamilton
Horn
Watson
Swenson
Geving
None
NO
, 1985.
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ABSENT
None