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CC Special Session <br />Meeting Date: 03/23/2012 <br />Submitted For: Heidi Nelson <br />By: <br />4. 1. <br />Heidi Nelson, Administrative Services <br />Title: <br />Consider the Introduction of an Ordinance Authorizing the City of Ramsey to Convey its Interest in a Property (Lot <br />1, Block 1, Ramsey Town Center Fifth Addition) <br />Background: <br />In May 2011, the City transferred title of the Flaherty & Collins COR property (Lot 1, Block 1 Ramsey Town <br />Center Fifth Addition) to the Ramsey Housing and Redevelopment Authority (HRA) by process of Quit Claim <br />Deed. The attorneys have now advised the City that the transfer of the property from the City to the HRA needs to <br />be done by ordinance. The City Charter, Chapter 12, Section 12.3 (Sales of Real Property) requires the City to <br />convey property by Ordinance and an Ordinance conveying property is not effective until 30 days after it is <br />adopted /published. The title company will not issue title insurance to allow the HRA to close on the property until <br />this action is taken by the City. Consequently, the F & C closing will be delayed until this action is taken and the <br />Ordinance becomes effective the end of April. The closing was originally scheduled for March 29. <br />Pursuant to the Charter, Section 3, Section 3.1 (Council Meetings), a special meeting has been called by the Mayor <br />to introduce the necessary ordinance. The ordinance will then be scheduled for consideration of adoption at the <br />March 27 regular meeting. Upon adoption, the Ordinance will be published in the March 30 edition of The Union, <br />making April 30 the effective date. <br />Recommendation: <br />Staff recommends introduction of the attached Ordinance for conveyance of Lot 1, Block 1, Ramsey Town Center <br />Fifth Addition. <br />Funding Source: <br />N/A <br />Council Action: <br />Motion to introduce an Ordinance Authorizing the City of Ramsey to Convey its Interest in Lot 1, Block 1, Ramsey <br />Town Center Fifth Addition, Anoka County, Minnesota to The Housing and Redevelopment Authority in and for <br />the City of Ramsey, Minnesota. <br />Ordinance <br />Exhibit A <br />Exhibit B <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 03/21/2012 11:27 AM <br />Form Started By: Heidi Nelson Started On: 03/21/2012 <br />Final Approval Date: 03/21/2012 <br />