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HRA Regular Session <br />Meeting Date: 05/13/2014 <br />By: Ted LaFrance, Administrative Services <br />Information <br />5. 2. <br />Title: <br />Review Draft Purchase Agreement Between the City of Ramsey HRA and Casey's General Store. Portions may be <br />closed to the public per MN Stature 13D.05 Subd. 3. <br />Purpose/Background: <br />The purpose of this case is to review the first draft of an agreement(s) between the City of Ramsey HRA and <br />Casey's General Store. Casey's is proposing the development of a convenience retail store at the SW intersection of <br />Ramsey Blvd. and Sunwood Dr. NW. This project is estimated to require 1.37 acres. <br />This draft agreement originated from Casey's General Store. Please note Casey's letter of intent (LOI) was <br />discussed in closed session per MN Statute 13D.05 Subd. 3 in early January of 2014. The discussion in closed <br />session related to the sale price and other terms of a potential agreement. Casey's has not requested any City <br />subsidy assistance. <br />Observations/Alternatives: <br />Agreement amendment suggestions: <br />(To be reviewed in closed session, relative to the price and terms of the land sale) <br />Recommendation: <br />Review and consider adjustments to the draft purchase agreement between the City of Ramsey and Casey's General <br />Store. Staff recommends closing the session per MN Statute 13D.05 Subd. 3, to review the draft purchase <br />agreement. <br />Action: <br />Motion to move into closed session per MN Stature 13D.05 Subd. 3 to review the draft purchase agreement <br />between the City of Ramsey HRA and Casey's General Store. <br />PA Casey's <br />Review PA Casey's and Commonbond <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/08/2014 01:36 PM <br />Form Started By: Ted LaFrance Started On: 05/07/2014 04:42 PM <br />Final Approval Date: 05/08/2014 <br />