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ADOPT RESOLUTION AND ORDINANCE AUTHORIZING THE SALE OF <br />TItAT PART OF LOTS 2, AND 2A, BLOCK 1, WEST RADIUM BUSINESS CENTER <br />FIRST ADDITION, ANOKA COUNTY, MINNESOTA, LYING NORTHERLY OF THE <br />SOUTHERLY 167.00 FEET THEREOF <br /> <br /> By: William K. Goodrich, City Attorney <br />Sean M. Sullivan, Economic Development / TIF Specialist <br /> <br />Background: <br /> <br />The City has completed negotiations with Huntington Family Properties, LLC and now needs to <br />deed the property (See Map) to them to complete the transaction. On June 22, 2004, the City <br />Council introduced an ordinance to authorize the sale. That ordinance is now being presented for <br />formal adoption. <br /> <br />Thc City has entered into a TIF agreement with Huntington Family Properties, LLC. As a part of <br />the transaction, the city is to convey title to THAT PART OF LOTS 2, AND 2A, BLOCK 1, <br />WEST RADIUM BUSINESS CENTER FIRST ADDITION, ANOKA COUNTY, <br />MINNESOTA, LYING NORTHERLY OF THE SOUTHERLY 167.00 FEET THEREOF. <br />On .lmm 22, 2004, the City Council introduced an ordinance to authorize the sale. That ordinance <br />was adopted on July 13, 2004. A resolution is necessary to adopt to complete the sale of the <br />property. <br /> <br />Recommendation: <br /> <br />Staff recommends adoption of the proposed sale ordinance and resolution. <br /> <br />Council Action: <br /> <br />Motion to adopt Ordinance No. 04-__ which is an ordinance authorizing the sale of the THAT <br />PART OF I~OTS 2, AND 2A, BLOCK 1, WEST RADIUM BUSINESS CENTER FIRST <br />ADDITION, ANOKA COUNTY, MINNESOTA, LYING NORTHERLY OF THE <br />SOUTHERLY 167.00 FEET THEREOF. <br /> <br />-and- <br /> <br />Motion to introduce Resolution No. 03- which is an ordinance authorizing the sale of THAT <br />PART OF LOTS 2, AND 2A, BLOCK 1, WEST RADIUM BUSINESS CENTER FIRST <br />ADDITION, ANOKA COUNTY, MINNESOTA, LYING NORTHERLY OF THE <br />SOUTHERI,Y 167.00 FEET THEREOF. <br /> <br />Review Checklist: <br /> <br />City Administrator <br />City Engineer <br /> <br />CC:07/I 3/04 <br /> <br /> <br />