Agenda - Council - 02/26/2013 - Laserfiche WebLink

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• Lease back terms in a proposed Purchase Agreement; • Early termination issues of any lease back; and WHEREAS, after consideration of all the above the current City Council has determined that it is not in the City's best interest to make the City's purchase of the Subject Property contingent on purchase by the Seller of a City owned parcel in the COR; and WHEREAS, the current City Council acknowledges that it is under no obligation of any kind to purchase the Subject Property nor is it under any obligation to purchase the Subject Property upon any terms established by any previous City Council; and WHEREAS, this current City Council has reviewed the Project and the acquisition of the Subject Property independent of any previous City Council's or Council member's influence, actions and discussions. NOW, THEREFORE, be it resolved by this City Council of the City of Ramsey, Anoka County, State of Minnesota as follows: 1. That the City is authorized to purchase the real property located at 14590 Armstrong Blvd. NW for a purchase price of $ and that the other purchase terms be pursuant to the terms of the Purchase Agreement reviewed by the City Council on February 26, 2013 and which Purchase Agreement is subject to final approval as to legal form by the City Attorney. The City's Mayor and City Administrator are authorized to execute those documents necessary to close on the Purchase Agreement described herein. The motion for the adoption of the foregoing resolution was fully seconded by Councilmember , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this day of February, 2013. ATTEST: By: City Administrator 2 By: Mayor