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HRA Regular Session <br />Meeting Date: 04/08/2014 <br />By: Ted LaFrance, Administrative Services <br />5. 1. <br />Information <br />Title: <br />Adopt Resolution #HRA-14-04-067 Approving Sale of Residential Parcels Owned by the Ramsey HRA of the City <br />of Ramsey <br />Purpose/Background: <br />The purpose of this resolution is to formally authorize the sale of the four North Commons residential lots to <br />Purmort Homes, Inc. During closed session on March 25, 2014, the Ramsey HRA entertained an offer from <br />Purmort Homes, Inc. The Ramsey HRA authorized Staff to negotiate a deal within an approved price range. Staff <br />negotiated, through CBRE, with the buyer's agent to $40,000 for the two outside lots and $37,000 for the two inside <br />lots for a total price of $154,000. Staff is anticipating, upon final review of the Purchase Agreement by the City <br />Attorney, a closing within 2 weeks (requested closing date on or before April 18th). <br />Recommendation: <br />Motion to adopt Resolution #HRA-14-04-067 Approving Sale of Residential Parcels Owned by the Ramsey HRA <br />of the City of Ramsey <br />Action: <br />Approve Resolution #14-04-067 <br />Resolution to sell Residential Properties <br />North Commons Concept Aerial <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Jo Thieling Jo Thieling 04/02/2014 10:04 AM <br />Kurt Ulrich Kurt Ulrich 04/02/2014 01:48 PM <br />Form Started By: Ted LaFrance Started On: 04/01/2014 02:38 PM <br />Final Approval Date: 04/02/2014 <br />