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newly constructed Sunwood Drive extension. Tiffs is approximately 11.2 acres, which is the <br />subject of the February 18, 1999 purchase agreement between the City and ACCAP. Passage of <br />this ordinance is consistent with the settlement agreement the Council previously approved with <br />regard to the lawsuit commenced by ACCAP on this subject. <br /> <br />Motion by Councilmember Anderson, seconded by Councilmember Kurak, to adopt Ordinance # <br />__ authorizing the sale of the property legally described on Exhibit A, which is approximate <br />11.2 acres site sold to ACCAP pursuant to a February 18, 1999 purchase agreement. <br /> <br />Further discussion: Councilmember l:-Iendriksen stated that he does not support extending a tax <br />refund in the amount of $190,000: Councilmember Anderson replied that Councilmember <br />Hendriksen negotiated the contract. Councilmember Hendriksen replied that he negotiated the <br />purchase the price several years ago. <br /> <br />A roll call vote was preformed by the Recording Secretary; <br /> <br />Councilmember Kurak aye <br />Councilmember Zimmerman no <br />Councilmember Hendriksen no <br />Councilmember Anderson yes <br />Mayor Gamec yes <br /> <br />Motion carried. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Anderson, to authorize the Mayor and <br />City Administrator to execute the necessary legal documents to sell the real property legally <br />described on Exhibit A pursuant to the terms of the February 18, 1999 purchase agreement <br />beCveen the City and ACCAP and the terms of the settlement agreement between the City and <br />ACCAP relating to the Anoka County District Court law suit commenced by AcCAP to compel <br />closing on the purchase agreement. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Anderson, and Kurak. Voting <br />No: Councilmembers Hendriksen and Zimmerman. <br /> <br />Case gl0: Report from Economic Development Authority <br /> <br />The Economic Development Authority (EDA) met on Monday, August 20, 2001, and discussed <br />the tbllowing cases: <br /> <br />1) <br /> <br />Suntish Commons Resolving Loan <br />Item was tabled. <br /> <br />2) <br /> <br />Highway #10 Industrial Development <br />Item was tabled. <br /> <br />City Council/September 11, 2001 <br /> Page 20 of 22 <br /> <br /> <br />