Resolution - #19-093 - 04/23/2019

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Councilmember Kuzma introduced the following resolution and moved for its adoption: RESOLUTION #19-093 RESOLUTION APPROVING REVISED 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 terms and conditions of Purchase Agreement 1 have not changed from those adopted on March 12, 2019 except for the effective date which shall be amended to April 23, 2019, and the net purchase price. 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: PROPERTY DESCRIPTION PARCEL A: Lot 2, Block 2, HY-10 RAMSEY, Anoka County, Minnesota; EXCEPT Parcel 4, ANOKA COUNTY HIGHWAY RIGHT-OF-WAY PLAT NO. 90, Anoka County, Minnesota;