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HRA Regular Session <br />Meeting Date: 05/27/2014 <br />By: Ted LaFrance, Administrative Services <br />Information <br />Title: <br />Resolution 14-05-092 Approving Sale of Real Property to CommonBond Communities <br />5. 1. <br />Purpose/Background: <br />The purpose of this case is to approve Resolution 14-05-092 Approving Sale of Real Property Owned by The <br />Ramsey HRA of The City of Ramsey to CommonBond Communities. <br />On May 13th the Ramsey HRA moved to enter into a Purchase Agreement with CommonBond Communities for <br />the development of an affordable housing complex to be located at OUTLOT A, COR ONE; directly west of The <br />Residence of The COR and east of Coborns. This Resolution formally approves the sale of the property. <br />Recommendation: <br />Staff recommends approval of Resolution 14-05-092 Approving Sale of Real Property Owned by The Ramsey <br />HRA to CommonBond Communities <br />Action: <br />Motion to approve Resolution 14-05-092 Approving Sale of Real Property Owned by The Ramsey HRA to <br />CommonBond Communities <br />Resolution 14-05-092 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 05/22/2014 01:13 PM <br />Form Started By: Ted LaFrance Started On: 05/20/2014 10:34 AM <br />Final Approval Date: 05/22/2014 <br />