Resolution - #12-10-014 - HRA - 10/23/2012

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EXTRACT OF MINUTES OF MEETING OF THE BOARD OF COMMISSIONERS OF THE HOUSING AND REDEVELOPMENT AUTHORITYIN AND FOR THE CITY OF RAMSEY MINNESOTA HELD October 23, 2012 Pursuant to due call and notice thereof, a regular meeting of the Board of Commissioners of The Housing and Redevelopment Authority in and for the City of Ramsey, Anoka County, Minnesota, was duly called and held at the City Hall in said City on Tuesday, the 23 day of October, 2012. At 8:55 p.m. The following members were present: Chairperson McGlone, Commissioners Backous, Ramsey, Strommen, Tossey, and Wise and the following were absent: Commissioner Elvig Member Ramsey introduced the following resolution and moved its adoption: RESOLUTION HRA #12 -10 -014 RESOLUTION AUTHORIZING EXECUTION OF A PURCHASE AGREEMENT AND DEVELOPMENT AGREEMENT AND AUTHORIZING THE DISPOSITION OF REAL PROPERTY WHEREAS, The Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota (the "Authority ") has caused to be prepared a Purchase Agreement (the "Purchase Agreement ") between the Authority, the City of Ramsey, Minnesota (the "City ") and McDonald's USA, LLC, a Delaware limited liability company (the "Purchaser "), in connection with the sale of certain real property by the Authority to the Developer pursuant to Minnesota Statutes, Section 469.105. WHEREAS, the Developer, the Authority and the City have determined to enter into a Purchase Agreement (the "Agreement ") for the sale of Lot 4, Block 1, COR TWO (now known as Lot 2, Block 1, COR TWO). NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota as follows: