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<br />., <br />, <br /> <br />CITY OF NEW BRIGHTON <br /> <br />RESOL UTION NO.89 - 8 4 <br /> <br />RESOL UTION ESTABLISHING <br />APPROVED APPRAISAL OF <br />VALUE AND SETTING <br />JUST COMPENSATION <br />(MORRISON PARCEL) <br /> <br />WHEREAS, the City intends to acquire fee simple title to that certain tract <br />and parcel of land described in the attached Exhibit A, the Property; and <br />WHEREAS, the City Council has previously authorized the acquisition of fee <br />simple title to the Property through its exercise of the power of eminent domain, <br />and the acquiring of title and possession of the Property through the procedure <br /> <br />contained in Minnesota Statutes, Section 117.042; and <br /> <br />WHEREAS, the City has caused to have the Property appraised by <br /> <br />professional land appraiser; and <br /> <br />WHEREAS, the City has reviewed such appraisal of value and believes the <br /> <br />same to have been conducted in accordance with standard and customary appraisal <br /> <br />practices. <br /> <br />NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of <br /> <br />New Brighton as follows: <br /> <br />1. The appraisal of value indicating a fair market value of the Property of Three <br />~ Hill1r1V'~rt Fi fteen Jho~a~d dol1~rs . is hereby accepted as' the <br />City's approved apprais 0 value or the Property. <br /> <br />2. The approved appraisal of value is hereby determined to constitute just <br />compensation for the Property. <br /> <br />Adopted this -2..1th.._ day of <br /> <br />.Ill n e_____' 1989. <br /> <br />ATTEST: <br /> <br />~y <br />Margaret an, City Clerk <br /> <br /> <br />~ (Y\,~ <br />---D vid Childs, City Manager <br /> <br />NE136-013 <br />