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Commissioner adoption. introduced the following resolution and moved its RESOLUTION #HRA -14 -11 -236 RESOLUTION APPROVING TRANSFER OF HRA PROPERTY TO THE CITY WHEREAS, the HRA is the fee owner of 28 parcels of real property within the City of Ramsey as well as the owner of personal property, including funds, as set forth on Exhibit A; and WHEREAS, the HRA Board of Commissioners determined that it is in the best interests of the City for the HRA's assets to be transferred to the City and the HRA dissolved; and WHEREAS, upon transfer of its assets to the City, the HRA will become inactive and thereafter dissolved as provided by law. NOW, THEREFORE, BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE CITY OF RAMSEY as follows: 1. The real property listed in Exhibit A shall be transferred to the City of Ramsey as soon as practicable and prior to dissolution of the HRA. Staff is directed to prepare the requisite deeds to the City, and the HRA Chair and Executive Director are authorized to execute the deeds and any other documents necessary to effectuate the transfer. The deeds shall be recorded by the City at City expense. 2. In the event any properties listed in Exhibit A are subject to a pending purchase agreement, the HRA Chair and Executive Director are authorized to execute any amendment to the purchase agreement necessary to change the seller from the HRA to the City. 3. In the event the HRA holds right, title or interest in any other real property, including easements, such right, title or interest is hereby transferred to the City. 4. The existing agreement with CBRE to market the HRA's real estate assets, the prior agreement with Landform, and any other agreements to which the HRA is a party, shall be transferred to the City. The HRA Chair and Executive Director are authorized to execute any amendments to the agreements necessary to effectuate the transfers.