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i~ <br /> <br /> <br /> <br /> RESOLUTION NO. 07-040 <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> <br /> RESO TION AUTHORIZING DEPOSIT FOR PURCHASE OF REAL PROPERTY <br /> LOCA ED AT 1255 OLD HIGHWAY 8 NW <br /> WHE AS, the City desires to purchase the leased fee interest in real property located at 1255 Old <br /> Highw 8 NW, New Brighton, Minnesota, for redevelopment purposes; and <br /> WHE AS, the City is authorized by Minnesota Statutes to acquire real property within its corporate <br /> bounda, es; and <br /> WHE S, the City has caused the above property to be appraised by a qualified independent professional <br /> apprais to determine the fair market value of the property; and <br /> WHE AS, the City desires to obtain transfer of title and possession of the property prior to the issuance <br /> of an a and of damages by court appointed commissioners as provided in Minn. Stat. Section 117.042; <br /> and <br /> WHE AS, the Ramsey County District Court has directed that the City deposit the sum of <br /> $1,275 00.00 to obtain said transfer of title and possession; <br /> NOW, HEREFORE, BE IT RESOLVED, by the City Council of the City of New Brighton, Minnesota <br /> that th ity Council authorizes the deposit of $1,275,000.00 with the District Court Administrator <br /> pursu to the court's order. <br /> Adopt by the City Council of the City of New Brighton this 8'h day of May, 2007. <br /> <br /> <br /> <br /> Steve Larson, Mayor <br /> <br /> <br /> Dean R. Lotter, Ci ager <br /> ATTE <br /> <br /> <br /> <br /> Daniel : Mai3rs <br /> Direct iif'_Finance` and Support Services/ <br /> City C. e rk