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Street to Fillmore Street, it is necessary to acquire fee title to certain real property from the property owners identified in Exhibit A attached hereto ("Real Property"). 2. The acquisition of the Real Property by the exercise of the power of eminent domain in the manner provided for by Minnesota Statutes Chapter 117 serves a public purpose and is deemed to be necessary to further the objectives of the Development Program, the 1995 comprehensive Plan and the 1997 Planning Study. 3. The City of Elk River deems it necessary for the purposes of completing the reconstruction of 175th Street and encouraging development in the Development District, increasing the tax base therein, and generally providing for the health, safety, morals and welfare of its citizens to acquire said Real Property. 4. Because the reconstruction of 175th Street is to begin in early 2002, prior to the time by which court-appointed commissioners could reasonably be expected to render their award for the taking of the Real Property, the City of Elk River deems it necessary to proceed without delay under Minn. Stat. § 117.042 to pay to the owners or into court a sum of money to secure compensation to the owners of the real property, which amount shall be equal to the city's approved appraisal value as determined by City staff and as identified on Exhibit A attached hereto. 5. The City of Elk River staff is hereby authorized and directed to execute all documents and contracts necessary to acquire the Real Property from the owners identified in Exhibit A, which actions include the specific authorization to: (a) obtain appraisals or minimum damage assessments of the real property interests to be acquired; (b) make written offers to affected property owners and negotiate such offers to a successful conclusion; (c) acquire the real property interests needed at the appraised value plus additional damages, if any, as approved by 3