01-13-1997 Council Packet - Laserfiche WebLink

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r- DEC-19-199b 12:03 CITY OF LOUG LAKE I * 612 476 9622 P.09 Resid?pti>| Properties within 400 feet of proposed new highwAy n It is understood that the City is requesting that the State offer to purchase residential properties within 400 feet of proposed new highway 12 at their fair market value as of June 1997, adjusted to reflect the average residential property value iincrease in the City to the date of sale. It is further understood that the City requests that property owners shall be permitted to exercise their right to sell their properties to Mn/DOT for a period of up to one year from iie date that the project is complete. The State will respond to any written concerns expressed by property owners whose properties are not taken as a result of acquisition of the right of way but which are located in proximity to the proposed conridor. If the State is not able to mitigate the impact to said properties, the State will equitably evaluate the impacts to the properties for determination of remedial actions which are legally appropriate. The State will process the residential claims in an equitable maimer and use reasonable efforts to resolve those claims to the satisVaciion of both parties. The State will cooperate with the City to explore other possible solutions to address the requests of the City as set forth herein. Sidewalks and Trails It is understood that the City is requesting the State to replace any trails lost as a result of the project and to constnict new sidewalks and trails along the new corridor as designated in the City ’s Revised 1996 I