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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 /> RESO TION ESTABLISHING APPROVED APPRAISAL OF VALUE AMOUNT AND <br /> AUTHORIZING DEPOSIT FOR PURCHASE OF REAL PROPERTY LOCATED AT 1430 OLD <br /> HIG Y 8 NW <br /> W 1E 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 /> VVTIERE, S, the City is authorized by Minnesota Statutes to acquire real property within its corporate <br /> bound i s; 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 /> W IE AS, the City desires to obtain transfer of title and possession of the property prior to the issuance <br /> of ana d of damages by court appointed commissioners as provided in Minn. Stat. Section 117.042; <br /> r, FM <br /> NOW, <br /> REFORE, BE IT RESOLVED, by the City Council of the City of New Brighton, Minnesota <br /> that the City'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 $885,660.00, 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 RTHER 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 8TH day of May, 2007. <br /> <br /> <br /> Steve arson, Mayor <br /> <br /> <br /> Dean R. Lotter, City,Man*er <br /> A'ITE <br /> <br /> <br /> <br /> D iel Maiers <br /> Direct of Finaiwe and Support Services/ <br /> City rlc <br /> <br /> <br /> <br /> I