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Commissioner Riley introduced the following resolution and moved its adoption. <br />RESOLUTION HRA 914 -11 -236 <br />RESOLUTION APPROVING TRANSFER OF HRA PROPERTY TO THE CITY <br />WHEREAS, the HRA is the fee owner of 28 parcels of real property within the City of <br />Ramsey as well as the owner of personal property, including funds, as set forth on Exhibit A; and <br />WHEREAS, the HRA Board of Commissioners determined that it is in the best interests of <br />the City for the HRA's assets to be transferred to the City and the HRA dissolved; and <br />WHEREAS, upon transfer of its assets to the City, the HRA will become inactive and <br />thereafter dissolved as provided by law. <br />NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT <br />AUTHORITY OF THE CITY OF RAMSEY as follows: <br />1. The real property listed in Exhibit A shall be transferred to the City of Ramsey as soon as <br />practicable and prior to dissolution of the HRA. Staff is directed to prepare the requisite <br />deeds to the City, and the HRA Chair and Executive Director are authorized to execute the <br />deeds and any other documents necessary to effectuate the transfer. The deeds shall be <br />recorded by the City at City expense. <br />2. In the event any properties listed in Exhibit A are subject to a pending purchase agreement, <br />the HRA Chair and Executive Director are authorized to execute any amendment to the <br />purchase agreement necessary to change the seller from the HRA to the City. <br />3. In the event the HRA holds right, title or interest in any other real property, including <br />easements, such right, title or interest is hereby transferred to the City. <br />4. The existing agreement with CBRE to market the HRA's real estate assets, the prior <br />agreement with Landform, and any other agreements to which the HRA is a party, shall be <br />transferred to the City. The HRA Chair and Executive Director are authorized to execute any <br />amendments to the agreements necessary to effectuate the transfers. <br />5. All other HRA property, assets, cash or other funds are hereby transferred to the City. The <br />cash or other funds shall be used in a manner consistent with the restrictions set forth in <br />Minnesota Statutes section 469.033, subdivision 7. <br />The motion for adoption of the foregoing resolution was duly seconded by Commissioner Johns, and <br />upon a vote being taken thereon, the following voted in favor: <br />Chairperson Backous <br />Commissioner Riley <br />Commissioner Johns <br />Commissioner Kuzma <br />Commissioner Strommen <br />