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03/11/14
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03/11/14
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Meetings
Meeting Document Type
Agenda
Document Title
Housing & Redevelopment Authority
Document Date
03/11/2014
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After all necessary documents have been prepared and signed, payment will be processed. If there is a mortgage on your property the <br />County will need to obtain a (partial) release of the mortgage covering that part of your property acquired by the County. The mortgagee of <br />your property may require that any or all proceeds from the County's acquisition of your property be paid to the mortgagee and applied to the <br />balance of your mortgage. In such instances a check will be made out payable to you and your mortgage company. You will then have to <br />come to the County's Right of Way Office and sign the check, after which the County will mail the check to the mortgage company. If you do <br />not have a mortgage and /or your mortgage company does not wish to receive any of the proceeds from the condemnation, the County will <br />issue a check payable to you. <br />If all or a major portion of your property is being acquired, it will be necessary that all current and delinquent real estate taxes, as well as all <br />special assessments, be paid in full. If only a small portion of your property is being acquired, any delinquent taxes must be paid, although in <br />some instances the County may be able to record the documents notwithstanding current real estate taxes due. The County can advise you <br />on payment of taxes due. <br />The County will make every reasonable effort to avoid litigation by acquiring your property through direct negotiation. <br />RELOCATION <br />If you must move because your home is being acquired, or if you must relocate your business or farm operation because of the acquisition <br />of your property, you will be given at least 90 days written advance notice of the date by which you are required to move. If you have to move <br />from your home, a decent, safe and sanitary replacement dwelling must be available to you, on a nondiscriminatory baSiS, prior to your <br />displacement. <br />You are not required to surrender possession of your property until: <br />1 You have been paid the agreed purchase price, or <br />2 A deposit has been made with the court, for your benefit; in an amount not less than the County approved appraisal, or the amount <br />of the award of compensation in a condemnation proceeding. <br />Once the County has acquired your property, it may decide to rent it, subject to termination on short notice. The amount of rent charged you, <br />or another tenant, will not exceed the fair rental value of the property to a short-term occupier. You may make a gift or donation of the <br />property, or any part of it, or any of the compensation paid for it, to the County. <br />You have the right to receive just compensation for the acquisition of the property if it is desired. You are also entitled to have an appraisal <br />made of the property along with an offer of just compensation. <br />However, you may release the County from either or both of the obligations. It is your option. <br />CONDEMNATION <br />If agreement cannot be reached on the purchase of your property the County will acquire your property by the exercise of the power of <br />eminent domain. If a situation such as this does occur, the County will institute formal condemnation proceedings, at this time all parties with <br />an interest in the property will be notified of the action. <br />Under eminent domain procedures, the court appointed commissioners may, at their discretion, allow reasonable owner appraisal costs not <br />to exceed $5,000, if not previously compensated. Reimbursement for appraisal fees must not be duplicated. <br />Attorney fees are compensated according to Minnesota Statutes Chapter 117.031, <br />BUILDINGS, STRUCTURES AND IMPROVEMENTS - SINGLE OWNERSHIP <br />When the County obtains an interest in your land, it must acquire at least an equal interest in any buildings, structures or improvements <br />located on the acquired land, if they are required to be removed or if the highway project will adversely affect them. <br />TENANT - OWNED BUILDINGS, STRUCTURES AND IMPROVEMENTS <br />The County is required to pay for property as if it were in a single ownership and the contributory value of a tenant's improvements will be <br />paid. In other words, if you are a tenant who owns a building, structure or improvement on land required for public purposes, the offer made <br />by the County to the landowner will include either the fair market value which your building, structure or improvement contributes to the real <br />property or the fair market value of the building, structure or improvement for removal from the real property, whichever is greater. As a tenant <br />owning any buildings, structures or improvements on real property you must reach agreement with the landowner as to your share of the <br />settlement. <br />
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