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Motion carried. Voting Yes: MaTer Gamec, Councilmembers Strommen, Cook, Elvig, Kurak, <br />Pearson, and Zimmcrman. Voting Nr~: None. <br /> <br />Case #11: <br /> <br />Adopt Ordinance Authorizing the Sale of Lot 2, Block 1, Sunfish Lake <br />Business Park Second Addition, Anoka County, Minnesota <br /> <br />City Attorney (]oodricb advised th,: City has entered into a TI)' agreement with Rotary Systems, <br />|nc, a Minnesota (!orporation. As part of the transaction, the City is to convey title to Lot 2, <br />Block 1, Sunfish i,ake Business P:trk Second Addition to Rotary Systems, Inc. The ordinance <br />was introduced o~ April 27, 2004, vnd is now being presented for final adoption. <br /> <br />Motion by Cotmcihnember (look, ~econded by Councilmember Elvig, to adopt Ordinance No. <br />04-22 which is tu~ ordinance authorizing the sale of the Lot 2, Block 1, Sunfish Lake Business <br />Park Second Addilion, Anoka Cotu ty Minnesota. <br /> <br />A roll call vole wa:4 pcrlbrn-tcd by tl:e Recording Secretary: <br /> <br />Motion can-lcd, <br /> <br />Case #1 2: <br /> <br />Assumption of Rum River Dental Creations, LLC Development Agreement <br />to Miller Rickard P;'operties, LLC <br /> <br />City Attorney (5oodrich explained t tae City currently is party in a Development Agreement with <br />Rum River l)cntal Creations, LL( that was executed February 27, 2004. The development <br />agl'eClllClll iS ill C['(',.~'CI. until December 31, 2011. The officers, Walt Rickard and Wayne Miller, <br />o{' Rum River l)elital Properties, Li ~C would like to transfer the property and all the rights and <br />the dcvclopnaont ~grcemcnt to thc new entity which they are party to. The development <br />agreement and the ~.crms of the agrccme, nt must be transferred to the new entity to guarantee that <br />tiao City receives lite incren~ent necessary to fulfill the financial obligations of the development <br />agreement. An As:qumption Agree~aent executed by Rum River Dental Creations, LLC, Miller <br />P, ickard Ih'opcrtics, LLC, tim City of Ramsey would effectively transfer the development <br />agreement lo thc new enlity. Saff recommends approval to enter into the Assumption <br />Agreement. <br /> <br />Councihncmbcr Elvig asked ii' there is a provision in the original agreement regarding a personal <br />sigllalurc as opposc,...l to a corporate ,~ igllalure. <br /> <br />C4y Council/May 25, 2004 <br />Page 20 of 27 <br /> <br /> <br />