Resolution - #16-02-042 - 02/23/2016

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Councilmember Williams introduced the following resolution and moved for its adoption: RESOLUTION #16-02-042 RESOLUTION GRANTING EXTENSION TO PURCHASE AGREEMENT AND DENYING EXTENSION OF DEVELOPMENT AGREEMENT FOR HARVEST ESTATES WHERAS, on January 14, 2015, the City of Ramsey ("City") executed a purchase agreement with NIK Management, Inc. ("Purchase Agreement") for the following real property: Lots 1-33 (inclusive) and Outlot A, HARVEST ESTATES, Anoka County, Minnesota (the "Subject Property") WHEREAS, on March 9, 2015, NIK Management, Inc. assigned said purchase agreement to G S Land, LLC ("Developer"); and WHEREAS, on June 16, 2015, the City executed a development agreement for the first phase of Harvest Estates with G S Land, LLC ("Development Agreement"); and WHEREAS, the Development Agreement allows the Developer until August 31, 2015 to commence with the second phase of Harvest Estates or construct an interim cul-de-sac as indicated on the approved Final Plat documents approved by the City; and WHEREAS, on the Developer has requested a one (1) year extension to both agreements; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY , STATE OF MINNESOTA, as follows: 1) That the Ramsey City Council hereby grants and extension to the Purchase Agreement to July 31, 2017 an extension to the Development Agreement to August 31, 2017 and authorizes the Mayor and City Administrator to execute the necessary documents. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Riley, and upon vote being taken thereon, the following voted in favor thereof: Mayor Strommen Councilmember Williams Councilmember Riley Councilmember Kuzma Councilmember Johns Councilmember LeTourneau Councilmember Shryock