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RESOLUTION 6894 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA APPROVING COMPENSATION AMOUNTS FOR EASEMENT ACQUISITION AND AUTHORIZATION TO EXECUTE EASEMENTS FOR THE SILVER LAKE ROAD SIDEWALK IMPROVEMENT PROJECT WHEREAS, on February 27, 2006, the City Council approved Resolution 6756 approving the feasibility report, holding the public improvement hearing, ordering the project, authorizing plan and specifications, and authorizing easement preparation activities for the Silver Lake Road Sidewalk improvement Project; and WHEREAS, the City will need to acquire eight (8) permanent easements and eight (8) temporary construction easements; and WHEREAS, there are two options for the City to consider for obtaining the easements; Option 1, hire a land appraiser and Option 2, determine a fair market value for the easements and make an offer based on this value; and WHEREAS, Staff recommends Option 2 for this particular situation and this particular project with a compensation amount set at $2.27 per square foot of permanent easement with no compensation for the temporary easements. • NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, Ramsey County, Minnesota as follows: 1. Establishes compensation for permanent easement acquisition associated with the Silver Lake Road Sidewalk Project at $2.27 per square foot with the stipulation that the temporary easement will be granted without compensation. 2. Authorizes payment to property owners whereby permanent easements are acquired at the established rate of $2.27 per square foot, contingent upon recording the said easement with Ramsey County. 3. The Mayor and City Administrator are hereby authorized to execute said easements. 4. Authorizes to contract for land appraisals based on a low bid (If needed). 5. Authorizes staff to make offers based on land appraisal report (If needed). Adopteda s 26th day of June 2006. ATTEST:. R b Marty, ayor ~~ urt Ulrich, City Administrator • (seal)