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HomeMy WebLinkAboutResolution No. 062-21 - Easment Purchases for North Broadway Reconstruction - Project No. J7318 RESOLUTION Authorizing Land Rights Purchases for North Broadway Reconstruction - Project No. J7318. WHEREAS, the City is proposing to reconstruct North Broadway Avenue from Civic Center Drive NW to 13th Street NW as part of City Project No. J7318. WHEREAS, valuations have been performed for the land rights needed on the properties impacted by this project. Based on continued negotiations between the City and the affected property owners, settlements have been reached with two owners of the impacted parcels. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Rochester that the City authorize the purchase of land rights from the listed property owners for the North Broadway Reconstruction - Project No. J7318. BE IT FURTHER RESOLVED that the City approve Agreements with each of the listed property owners for purchase of the land rights needed for the North Broadway Reconstruction - Project No. J7318. Owner: Marvin Development III, LLC Compensation: $32,500 Owner: McDonald’s Corporation Compensation: $29,300 PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS _DAY OF , 2021. PRESIDENT OF SAID COMMON COUNCIL ATTEST: CITY CLERK APPROVED THIS DAY OF , 2021. MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)