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CC Regular Session <br />Meeting Date: 08/08/2017 <br />Submitted For: Patrick Brama, Administrative Services <br />By: Patrick Brama, Administrative Services <br />4. 8. <br />Information <br />Title <br />Aeon Purchase Agreement #1: Adopt Resolution 17-08-199 Authorizing Sale of City Owned Land <br />Purpose/Background: <br />This case is administrative in nature. This case is in regards to the attached purchase agreement, and purchase <br />agreement amendment, with Aeon Portfolio II LLC. Aeon is proposing the 54-unit Greenway Terrace apartment <br />complex located just north of The Draw Park in The COR (see attached draft plans). <br />In order to close out this land transaction, Anoka County requires the City of Ramsey to pass a formal resolution <br />authorizing the sale. No terms or conditions of the proposed project/ deal/ transaction are being changed. This case <br />is purely administrative, and formally re -affirms past actions/ approvals by the City Council to sell this property. <br />This case is not in relation to the the site plan/ plat/ entitlement process. Staff expects closing for this land <br />transaction to occur in August or September. <br />This case has been reviewed several times in the recent past: <br />05/05/2016 Planning Commission <br />05/05/2016 EDA <br />06/14/2016 Planning Commission <br />07/12/2016 City Council Regular <br />04/06/2017 Planning Commission <br />04/13/2017 EDA <br />04/25/2017 City Council Regular <br />06/08/2017 EDA <br />06/13/2017 City Council Regular <br />07/06/2017 Planning Commission <br />08/03/2017 Planning Commission <br />Notification: <br />The attached plans are in draft format and have not been finalized or approved. <br />Observations/Alternatives: <br />NA <br />Funding Source: <br />NA <br />Recommendation: <br />NA <br />Action: <br />Motion to: <br />Adopt Resolution 17-08-199 Authorizing the Sale of City Owned Land. <br />