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Councilmember Riley introduced the following resolution and moved for its adoption: RESOLUTION #19-188 RESOLUTION APPROVING RIGHT OF RE-ENTRY AGREEMENT FOR LOT 1, BLOCK 1, ANDERSON DAHLEN SOUTH ADDITION WHEREAS, the City of Ramsey, herein referred to as the “City,” has authorized entering into a Purchase Agreement and Right of Re-Entry Agreement ( the “Agreement”) with Knoll Properties, LLC (the “Developer”) on April 23, 2019; and WHEREAS, the Developer has requested the obligation date to obtain a certificate of occupancy be extended from July, 31, 2020 to December 31, 2020 to account for a later completion date of the project than originally anticipated; and WHEREAS, the Developer has requested that the Right of Re-Entry Agreement be amended to allow for reimbursement of the purchase price of $675,000 less City costs incurred from City obligations of the Purchase Agreement dated April 23, 2019 if the City executes the remedy of the right of re-entry; and WHEREAS, the City has drafted an amended Right of Re-Entry Agreement incorporating the negotiated changes by the Developer attached hereto as Exhibit A and retaining the $150,000 penalty clause if the Certificate of Occupancy is not obtained per the terms of the Agreement. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1)That the City authorizes the City Administrator and Mayor to sign the Right-of-Re-Entry Agreement attached hereto as Exhibit A; subject to City Attorney review. That the motion for the adoption of the foregoing resolution was duly seconded by Councilmember Kuzma and upon vote being taken thereon, the following voted in favor: Mayor LeTourneau Councilmember Riley Councilmember Kuzma Councilmember Heinrich Councilmember Musgrove and the following voted against the same: None and the following abstained: None