4.9. SR 09-19-2016 - Laserfiche WebLink

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EGty1� ,.,�� Request for Action River To Item Number Mayor and City Council 4.9 Agenda Section Meeting Date Prepared by Consent September 6, 2016 Amanda Othoudt,EDD Item Description Reviewed by Joplin Property Authorization to Amend Appraisal Cal Portner, City Administrator Values Reviewed by Action Requested Adopt,by motion, a resolution authorizing amended appraised values. Background/Discussion Staff is working with our attorneys to secure interest in the property owned by the Lakoduk and Wingness heirs and MnDOT to release the old highway easement located at the SE corner of TH10 and Joplin Street NW. On June 6, 2016, the Council authorized acquisition by eminent domain and approved the appraised values for properties. The two properties,referred to as Parcels 1 and 3A, sought appraised values in the amounts of$9,000 and $21,000 respectively, totaling$30,000. Based upon updated information,it has become apparent that Parcel 1 is two parcels with separate ownership and has a somewhat larger total area than assumed in its appraisal and Parcel 3A has a slightly smaller area than assumed in its appraisal. Staff has obtained updated appraisal values for the parcels described in Exhibit A in the following amounts: ■ Parcel 1A -- $8,200 ■ Parcel 1B -- $10,600 ■ Parcel 3A -- $16,300 ■ Total value of parcels: $35,100 A separate appraisal was then needed to conclude a value reduction based on the overlying MnDOT and city Right of Way easement of each of the parcels described in Exhibit A. This appraisal will be reviewed by the land commissioners. Staff has obtained the appraisal values for the parcels described in Exhibit A in the following amounts: ■ Parcel 1A -- $1,000 ■ Parcel 1B -- $1,000 ■ Parcel 3A -- $1,000 ■ Total value of parcels: $3,000 POWERED 6T A IR