Agenda - Economic Development Authority - 03/09/2017

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Councilmember XXXXXX introduced the following resolution and moved for its adoption: CITY COUNCIL RESOLUTION #17-03-050 RESOLUTION AUTHORIZING THE CITY OF RAMSEY TO SELL THREE ACRES OF REAL PROPERTY. WHEREAS, the City of Ramsey, herein referred to as the "City," owns various parcels throughout the City of Ramsey; and WHEREAS, the City received and entered into a formal purchase agreement for the sale of the parcel legally described below ("the Property"), on May 10, 2016,with Lifestyle Properties Inc., a Minnesota Corporation: OUTLOT A, RAMSEY TOWN CENTER 81h ADDITION, COUNTY OF ANOKA, STATE OF MINNESOTA WHEREAS, the Property has PID 28-32-25-21-0030 and will be platted into new parcels: LOTS 1-12, VISTAS AT NORTH COMMONS, COUNTY OF ANOKA, STATE OF MINNESOTA. WHEREAS, the Property was declared by the City of Ramsey as surplus City owned land and is no longer needed for current for future City functions, and is authorized for sale; and WHEREAS, the formal purchase agreement requires a Right-of-Re-Entry Agreement be recorded at the closing of this land transaction; and WHEREAS, the formal purchase agreement was reassigned from Lifestyle Properties, Inc. to Morning Sun Homes, Inc. on March 14, 2017. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City of Ramsey hereby declares the Property to be surplus City-owned land, and authorizes the property to be sold. 2) That the City of Ramsey hereby approves the sale of the Property to Morning Sun Homes, Inc. for a total of$170,000.00 for the development of 12 residential lots. 3) That the City of Ramsey authorizes and requires a Right-of-Re-Entry Agreement to be recorded at the closing of this land transaction.