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5.01: Approve Purchase Agreement for Lot 5, Block 1, COR TWO (Portions may be <br />closed to the public) <br />Development Manager Lazan reviewed the staff report and stated the purchase agreement is with <br />KONA Properties for a convenience store. The letter of intent is for two parcels of property. He <br />noted that staff had provided the HRA with the purchase agreement, site map, and deal sheet. <br />Development Manager Lazan advised that under Minnesota Statutes the meeting can move into <br />closed session to discuss confidential negotiations. He indicated closed session discussion will <br />relate to property sale of Lot 5, Block 1, COR TWO for future development. The closed session <br />will be tape recorded and that tape will be maintained for a period of eight years. <br />Motion by Commissioner Ramsey, seconded by Commissioner Elvig, to move to closed session <br />to discuss confidential negotiations. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Ramsey, Elvig, Backous, <br />Strommen, and Wise. Voting No: None. Absent: Commissioner Tossey. <br />The HRA meeting moved into a closed session at 6:35 p.m. <br />The HRA reconvened in open session at 6:50 p.m. <br />Gary Gabrielson, Pine Creek Associates representing KONA Properties, stated they are a private <br />investment group and the proposed convenience store would be subject to long -term leases to <br />partnership. He stated Amcon will be the developer of the project. <br />Development Services Manager Gladhill asked Mr. Gabrielson if they had acknowledged that <br />the design framework and architectural standards are acceptable. <br />Mr. Gabrielson confirmed that Amcon's architects have reviewed the design framework and <br />architectural' standards and he knows of no issues at this time. Mr. Gabrielson stated it is <br />amazing what the City of Ramsey has done with The COR, he has enjoyed working with <br />Development Manager Lazan, and they are looking forward to being part of The COR. <br />Motion by Commissioner Elvig, seconded by Commissioner Ramsey, to approve the purchase <br />agreement for Lot 5, Block 1, COR TWO, as revised to include language that the purchaser has <br />acknowledged and agreed with the design framework and architectural standards, and direct the <br />Development Team to execute the agreement and prepare all documents necessary to close. <br />Motion carried. Voting Yes: Chairperson McGlone, Commissioners Elvig, Ramsey, Backous, <br />Strommen, and Wise. Voting No: None. Absent: Commissioner Tossey. <br />6. DEVELOPMENT TEAM REPORT <br />None. <br />7. COMMISSIONER INPUT <br />Housing and Redevelopment Authority / September 4, 2012 <br />Page2of3 <br />