HomeMy WebLinkAbout4.c. Review of Condemnation Award Made to Al Monk CITY OF ROSEMOUNT
EXECUTIVE SZTNIM'ARY FOR ACTION
PORT AUTHORITY COMMISSION MEETING DATE: OCTOBER 19, 1993
AGENDA ITEM: REVIEW OF CONDEMENTATION AWARD AGENDA SECTION:
MADE TO AL MONK OLD BUSINESS
PREPARED BY: JOHN MILLER, AGENDA���/� � J� �
ECONOMIC DEVELOPMENT COORDINATOR ��� a 'T
ATTACHMENTS: OCTOBER 14 LETTER FROM ANN APP Y
GROSSMAN, "PORT AUTHORITY EXPENDITURES. . . "
As you are aware from a previous memorandum, Al Monk was awarded $220, 000
for property condemned by the port authority for the Armory/Community
Center project . The port authority is also required to pay a $500
appraisal fee to Monk. Grossman' s letter of October 14 calculates the
interest the port authority owes Mr. Monk from May 1 when the property was
taken.
At this point the port authority has three options :
A. Pay Al Monk $220, 000 + $500 + $1, 036 . 71
B. Appeal the award in district court
C. Wait to see if Mr. Monk appeals the award
While I am prepared to discuss the merits of the three options with you in
closed session (pending litigation) , I believe payment of the award would
be the prudent action. Court costs of an appeal would more than offset any
potential gain.
I am enclosing a summary of expenditures to date in completing the
armory/community center project .
RECONII�IENDED ACTION: Motion to approve payment to Al Monk of $56, 536 .71
as final and complete installment for land located at 13955 and 13965
South Robert Trail .
PORT AUTHORITY ACTION:
FROM LINDQUIST&UENNUM 10, 14, 1993 09:25 N0, 4 P, 2
� � . - d2'QQ f�s(�MF;R . . IN DEhhLP
� . . ��qy}}�fp�(fi1$1�EET � LiVi{YII�,ST VFNd.W 6�}IWSTENSEN �
Mn�E�WtluS;Mwi+E90TA:�S�i02•22OS G00 ti Tn+S�EeT.Su+g 2125
LINDQUIST &,VENNtJ1VI ::. r�:a,2��,�,� ��a�����
F�Vc.$12-311,420T To�rHo►�:303-5735900
Arr�Ners AT!�w -
ANN K GiIOSSMAN
61?J371�247
October 14, 1993 , .
BY TELECC}PZER
Mr. Jahn Miller
City of Rosamount Port Authority
Economic Deveiopme�t Coardinator
28�5 145 Street West �
Post Office Box 514
Rosemount, Minnesota 550b8
Dear John:
This letter i�s:`�o let you know the amciunt of interest which .
must be added to the net amount awed Albert Monk as a result of
the recently-issued commissioners' : award. According to Minn.
Stat. § 117. 195:
[a]11 damages allawed under this chapter, whether by the
commissioners or upon appeal, shall bear interest from the
time of filing of the cor�missioner's, report or from the date
. of the petitianer's possession whichever occurs first.
At the statutory 4% ;interest rate, which is to be calculated on a
simple, per annum basis;` interest owed on the $55,000 portion of
the award which mus� now be pazd to Monk `equals $2,d36.71. 1 This
amount is based on the praduct of $55,OOQ x .04 x 172/365.
Please .let David or .me know sbould �Qu need additional
.
. infarmation. .. ,
_ Very truZy yours,
LINDQUI.ST .&. VENNUM
C��,� .""�I'_I✓f--G/t.-�-m �..-u.,�
Ann K. Grossman
cc: David A. Allgeyex
�$55, Od0 is, of course, the difference between the $220, o0D
commissioners' award a,nd the am�unt the Port Authority has
already paid Monk, $165,000. The number- of days between the date
the Port Authority took possessian af the Mnr�k property, May l ,
I993 , and October 19, i993 is 172 .
PORT AUTHORITY EXPENDITURES
IN ACQUISITION AND RELOCATION OF THE ARMORY PROPERTIES
(UNAUDIT'ED)
Acc�uisition Costs
L Lindquist and Vennum $52,241.14
2. Bultema Appraisal $11,185.00
3. Peer, Inc. (environmental) $ 6,285.90
4. West Suburban Mediation $ 267.00
5. Dakota County FiRA $ 90.00
6. R.J. Valek (demolition) $ 6,121.00
7. Dakota County Treasurer (taxes) $ 4,118.33
8. Southern Business Comm. 33.00
Sub-Tota1 $80,341.67
Environmental Clean-Un
l. R.J. Va1ek $ 2,018.00
2. Hickey Consultants $10,772.00
3. AA Environmental $19,599.00
Sub-Tota1 $32,389.00
Land Purchase
l. A1 Monk $220,500.00
2. Tourdot $100,000.00
3. Battaglia $ 49,050.'70
Sub-Total $369,550.70
Relocation
1. Monk $43,421.00
2. Anderson $13,743.82
3. Halbert $28,300.00
4. Tourdot $16,937.65
5. Capocasa $26,899.50
6. Battaglia $59,000.00
Sub-Total $188,301.97
TOTAL ALL COSTS $670,583.34