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<br />WHEREAS, <br /> As set forth in the November 21, 2007 letter from K. Hovnanian’s attorney <br />(Attachment B hereto), RTC has consented to the release of $71,120.00 to K. Hovnanian from <br />the Escrow Account; and, <br /> <br />WHEREAS, <br /> K. Hovnanian has decided not to proceed with the development of the <br />Property and is currently trying to sell the Property. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> <br />1)That the City of Ramsey hereby authorizes an agreement for release of fees and <br />requirement of subsequent developer(s) to post required fees and authorizes the <br />Mayor and City Administrator to sign said agreement on behalf of the City. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Strommen <br /> Councilmember Riley <br /> Councilmember Kuzma <br /> Councilmember Johnson <br /> Councilmember LeTourneau <br /> Councilmember Shryock <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> Councilmember Williams <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the <br />th <br />24 day of January, 2017. <br /> <br /> <br /> Mayor <br />ATTEST: <br /> <br /> <br /> <br />City Clerk <br />RESOLUTION #17-01-033 <br />Page 2 of 2 <br /> <br />