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HomeMy WebLinkAboutResolution No. 183-24 - Resolution - Parcel 38 Last Written Offer - LINK BRT Project No. J8707 RESOLUTION Approving Additional Settlement Authority for Property Acquisition for the LINK Bus Rapid Transit Project - J8707. WHEREAS, by Resolution No. 014-24, the Common Council of the City of Rochester authorized real estate acquisitions for the LINK Rapid Transit Project J8707 (“Project”) through direct purchase and eminent domain; WHEREAS, the Common Council finds it reasonably prudent and in the City’s best interest to make a last written offer to purchase Parcel 38 for the Project before commencing eminent domain litigation; WHEREAS, FTA concurrence is required for this last written offer; NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester that: 1. If the FTA concurs, the City Administrator is authorized and directed to make a last written offer to acquire Parcel 38 for the sum of $1,275,000. 2. The last written offer shall remain open for a reasonable period of time and for no less than 30 days, but thereafter may be withdrawn if not accepted and if, in the City Administrator’s judgment, the City begins to incur substantial expenses to take Parcel 38 through eminent domain. PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2024. ___________________________________ PRESIDENT OF SAID COMMON COUNCIL ATTEST: __________________________ CITY CLERK APPROVED THIS _____ DAY OF ______________________, 2024. ___________________________________ MAYOR OF SAID CITY (Seal of the City of Rochester, Minnesota)