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<br /> <br /> <br /> <br /> <br /> <br /> <br /> RESOLUTION NO. 07-041 <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> <br /> RESOL TION ESTABLISHING APPROVED APPRAISAL OF VALUE AMOUNT AND <br /> AUTH ING DEPOSIT FOR PURCHASE OF REAL PROPERTY LOCATED AT 1430 OLD <br /> HIG Y 8 NW <br /> WHEREI S, the City desires to purchase the fee simple interest in real property located at 1430 Old <br /> Highwa 8 NW, New Brighton, Minnesota, for redevelopment purposes; and <br /> WHE S, the City is authorized by Minnesota Statutes to acquire real property within its corporate <br /> boundari s; and <br /> WHE , the City has caused the above property to be appraised by a qualified independent professional <br /> appraiser to determine the fair market value of the property; and <br /> VJMFJI S, the City desires to obtain transfer of title and possession of the property prior to the issuance <br /> of an a d of damages by court appointed commissioners as provided in Minn. Stat. Section 117.042; <br /> NOW, BEFORE, BE IT RESOLVED, by the City Council of the City of New Brighton, Minnesota <br /> that the ity's approved appraisal amount for the fee simple interest in the purchase of said property, plus <br /> immov le fixtures and furnishings, be a total of $885,600.00, by Jason Messner, MAI, of Patchin, <br /> Messne & Dodd in an appraisal report dated March 29, 2007, and Steven Wall, MAI, in appraisal report <br /> dated F ruary 9, 2007, both of which are on file with the City; and <br /> BE IT THER RESOLVED that the City Council authorizes the deposit of $885,600.00 with the <br /> District ourt Administrator pursuant to this conclusion. <br /> Adopte by the City Council of the City of New Brighton this 8 day of May, 2007. <br /> <br /> <br /> SteveJL on, ayor <br /> <br /> <br /> Dean R. Lotter, City M ager <br /> ATT~$ <br /> Af <br /> <br /> -Maiers T <br /> D <br /> DireQt i of Finance a i Support Services/ <br /> City C rk