Resolution - #19-067 - 03/12/2019

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Councilmember Kuzma introduced the following resolution and moved for its adoption: RESOLUTION #19-067 RESOLUTION APPROVING PURCHASE AGREEMENTS FOR LAND EXCHANGE WHEREAS, the City of Ramsey has negotiated the terms of a purchase agreement (the "Purchase Agreement 1") with PSD, LLC to purchase the following parcel for a Storm Water Infiltration Basin, Future Right of Way and a portion to be held for resale as part of a property exchange: That part of OUTLOT A, RAMSEY TOWN CENTER 13TH ADDITION, Anoka County, Minnesota lying southerly and westerly of the following described line and its extensions: Beginning at the Southwest corner of OUTLOT B, said RAMSEY TOWN CENTER 13TH ADDITION; thence North 90 degrees 00 minutes 00 seconds East assumed bearing along the South line of said OUTLOT B a distance of 177.65 feet to the Southeast corner of said OUTLOT B; thence South 00 degrees 00 minutes 00 seconds East a distance of 68.63 feet; thence North 81 degrees 21 minutes 19 seconds East a distance of 110.63 feet; thence easterly along a tangential curve concave to the south a distance of 21.14 feet, said curve having a radius of 140.00 feet and a central angle of 08 degrees 39 minutes 03 seconds; thence South 89 degrees 59 minutes 38 seconds East, tangent to last described curve, a distance of 288.39 feet to a point on the East line of said OUTLOT A, said point being distant 326.97 feet north of the southeast corner of said OUTLOT A, as measured along said east line and said line there terminating. (the "Property"); and WHEREAS, the City of Ramsey has negotiated the terms of a purchase agreement (the "Purchase Agreement 2") with PSD, LLC to sell as part of a land exchange: Part of Lot 2, Block 2, Hy-10 Ramsey and Part of Lot 3, Block 2, Hy-10 Ramsey, Anoka County, Minnesota. (the "Parcel 45"); and WHEREAS, Purchase Agreement 2 includes terms and conditions that require PSD LLC to execute a Right of Re -Entry Agreement relating to the construction of a Building and obtaining a Certificate of Occupancy by September 20, 2019; and WHEREAS, the Ramsey EDA has reviewed the terms of Purchase Agreement 1 and Purchase Agreement 2 and recommended approval to the City Council at its February 14, 2019 meeting. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) The City of Ramsey authorizes the Mayor and City Administrator to execute the attached Purchase Agreement 1 and Purchase Agreement 2; subject to City Attorney approval.