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City of <br /> Elk -�-� <br /> R1VeP Resolution No. 16- <br /> Resolution of the City of Elk River Amending the Authority to Acquire by Eminent <br /> Domain and Approving Amended Appraised Values for Certain Properties Located <br /> at the SE Corner of US Highway 10 &Joplin Street NW <br /> WHEREAS, on June 61h, 2016 the City Council adopted Resolution No. 16-32, a Resolution <br /> Authorizing Acquisition by Eminent Domain and Approving Appraised Values for Properties <br /> Located at the SE Corner of US Hwy 10 &Joplin Street NW; <br /> WHEREAS, in Resolution No. 16-32, the City Council authorized the acquisition of two <br /> properties, referred to as Parcels 1 and 3A, by eminent domain and approved appraised values for <br /> those two properties in the amounts of$9,000 and $21,000 respectively; <br /> WHEREAS, based upon updated information, it has become apparent that Parcel 1 is two <br /> parcels with separate ownerships and has a somewhat larger total area than assumed in its appraisal <br /> and Parcel 3A has a slightly smaller area than assumed in its appraisal; <br /> WHEREAS, the revised legal descriptions and parcel sketch for the three parcels that the <br /> City needs to acquire for its project are attached as Exhibits A and B respectively; <br /> WHEREAS, the City has obtained updated appraisals for the parcels described in Exhibit A <br /> which are based upon an assumption that the existing MnDOT and City right-of-way easements <br /> have been released and these appraisals reflect the following values: <br /> ■ Parcel 1A -- $8,200 <br /> ■ Parcel 1B -- $10,600 <br /> ■ Parcel 3A -- $16,300 <br /> WHEREAS, the City has obtained separate appraisals for the parcels described in Exhibit A <br /> which recognize the presence of existing MnDOT and City right-of-way easements and these <br /> appraisals reflect the following values: <br /> ■ Parcel 1A -- $1,000 <br /> ■ Parcel 1B -- $1,000 <br /> ■ Parcel 3A -- $1,000 <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council (the "Council") of the City of <br /> Elk River,Minnesota as follows: <br /> 1. Resolution No. 16-32 is hereby amended by substituting the attached Exhibits A and B for <br /> those in Resolution No. 16-32; <br /> 2. For the purposes of Minn. Stat. §117.042, the approved appraised values for the properties <br /> described in the attached Exhibit A shall be as follows: <br /> 0 Parcel 1A -- $1,000 <br />