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CC Regular Session 7. 4. <br />Meeting Date: 03/27/2012 <br />Submitted For: Heidi Nelson By: Heidi Nelson, Administrative Services <br />Information <br />Title: <br />Consider the Adoption of an Ordinance Authorizing the City of Ramsey to Convey its Interest in a Property (Lot 1, <br />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, 2012. <br />Pursuant to the Charter, Section 3, Section 3.1 (Council Meetings), a special meeting was called by the Mayor to <br />introduce the necessary ordinance on March 23, 2012. The ordinance was then scheduled for consideration of <br />adoption at this evening's regular meeting. Upon adoption, the Ordinance will be published in the March 30, 2012 <br />edition of The Anoka County Union, making April 30, 2012 the effective date. <br />Recommendation: <br />Staff recommends adoption of the attached Ordinance for conveyance of Lot 1, Block 1, Ramsey Town Center Fifth <br />Addition. <br />Funding Source: <br />N/A <br />Council Action: <br />Motion toapprove 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 Amy Died 03/21/2012 04:53 PM <br />Form Started By: Heidi Nelson Started On: 03/21/2012 <br />Final Approval Date: 03/21/2012 <br />