2020-143 Council Resolution - Laserfiche WebLink

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• 2. The City is installing a stormwater project (the "Project") that required acquisition of certain interests in the portions of the Property as more fully described in Exhibit A. The City will install the infrastructure at depths and locations generally consistent with the October 12, 2020 plans prepared by WSB Engineering, and will conspicuously flag the manholes identified in the plans. 3. The City filed a Petition in Condemnation in Anoka County District Court, Court File No. 02-CV-19-5586, to acquire the Exhibit A property interests over the Property. The District Court granted the Petition. 4. The City has undertaken a redesign of the Project and Owners have been in discussions that would decrease the amount of land needed by the City for the redesigned Project. 5. Owners wish to have the City reconvey to them those portions of the Property that were acquired that will not be needed for the Project given the redesign of the Project. 6. The parties hereto have reached agreement on just compensation due for the revised taking. Based on the above, the parties agree as follows: 1. The City agrees to reconvey to the Owners, by limited warranty deed, the property interests described in Exhibit B. 2. The Owners shall convey to the City a drainage and utility easement and temporary construction easements for the Project on the terms set forth in the drainage and utility easement attached hereto as Exhibit C. This conveyance is intended to convey an easement only, and no fee interest is being conveyed to the City. 3. The Owners stipulate to just compensation for the acquisition in the amount of $250,000, which shall constitute full and final payment for the taking and acquisition of lands, as adjusted by this Stipulation and Settlement. 4. The City has previously deposited the sum of $438,800 with the District Court as its appraised value of the interests of the Owners initially acquired by the City. By this stipulation, the parties agree that the Anoka County Court Administrator may disburse the amount of $250,000, made payable to the Owners jointly, and may disburse the balance of the deposited funds to the City. The parties agree to file a joint request, which will be prepared by the City at its expense, for release of the funds upon their exchange of the limited warranty deed and drainage and utility easement referenced in paragraphs one and two above. The joint request shall provide for equal apportionment of the $250,000, with payable to Hal and