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_________________ introduced the following resolution and moved for its adoption: CITY COUNCIL RESOLUTION #19-272 RESOLUTION APPROVING PURCHASE AGREEMENT FOR LOT 1, BLOCK 1, ANDERSON DAHLEN SOUTH ADDITION WHEREAS, the City of Ramsey, herein referred owns various parcels throughout the City of Ramsey; and WHEREAS, the City negotiated the terms of Purchase Agreement for the sale of the parcel Exhibit AProperty legally described on , with Knoll Properties, LLC a Minnesota limited liability company; and WHEREAS, the City and Knoll Properties, LLC have negotiated a Purchase price of $675,000 for the Property referenced in the Purchase Agreement; and WHEREAS, the City herby declares the Property to be surplus City-owned land and is no longer needed for current or future City functions, and authorizes the property to be sold; and WHEREAS, the formal Purchase Agreement with an effective date of November 26, 2019 requires a Right-of-Re-Entry Agreement be recorded at the closing of this land transaction; and WHEREAS, the proposed Purchase Agreement replaces and supercedes the Purchase Agreement with an Effective Date of April 23, 2019; and WHEREAS, Knoll Properties, LLC is a company that is active and in good standing as documented in the Office of the Secretary of State as of 11/14/19; and NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City hereby declares the Property to be surplus City-owned land, and authorizes the property to be sold. 2) That the City hereby authorizes the sale of the Property to Knoll Properties, LLC, for $675,000 for the development of a minimum 60,000 square foot manufacturing facility. 3) That the City authorizes execution of the Purchase Agreement with an effective date of November 26, 2019 and requires a Right-of-Re-Entry Agreement to be recorded at the closing of this land transaction.