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AUn'X OatZ NC Tm; OF <br /> <br /> NORTU n, ro rsTm. ram< No. <br /> COUNTY, <br /> <br />By: William K. Goodrich, City Attorney <br /> <br />Background: <br /> <br />On December 19, 2000, the Council approved a T/F Agreement with T & G Land, Inc., a <br />Minnesota Corporation, whose President is Tom Sauter. The TTI:F Agreement requires the transfer <br />of an approximate 18 acre parcel of land acqu/_red as. a part of the Makens condemnation to T & G <br />Land, Inc. The majority of the Makens property comprising GATEWAY NORTH INDUSTRLhL <br />PARK NO. 5 has now been platted into four lots. Lots 1 and 2, Block 1, comprise the 18 -acres to be <br />transferred to T & G. <br /> <br />Fee title to Lot 1 is to be conveyed to T & G now and the City is granting an option to buy Lot 2, <br />Block 1 to T & G for future transfer upon certain terms and conditions. <br /> <br />A sale ordinance has been introduced for the sale of the two lots. However, the title company <br />requires a resolution also authorizing the sale. <br /> <br />Enclosure: <br /> <br />Proposed ordinance. <br /> <br />Recommendation: <br /> <br />Adoption of the attached resolution. <br /> <br />Council Action: <br /> <br />Motion to adopt Resolution 01 ~03~ which is a resolution authorizing the sale of Lots 1 and 2, <br />GATEWAY NORTH 12N'DUSTRLKL PARK NO. 5. <br /> <br />Review Checklist: <br /> <br />City Administrator <br /> <br /> <br />