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Motion by Councilmember Riley, seconded by Councilmember Kuzma, to Adopt Resolution <br /> #19-277 Approving Purchase Agreement for Outlot A, COR Stone Brook Academy, subject to <br /> City Attorney review and approval. <br /> Further discussion: Mayor LeTourneau appreciated the work and recommendation of the EDA. <br /> He noted that the asking price falls within the City's approved deal range, which is also <br /> important. He stated that he is thrilled to see the expansion of a Ramsey business and a <br /> standalone business development in The COR, which can help to spur additional development. <br /> Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Riley, Kuzma, Heinrich, <br /> Menth, Musgrove, and Specht. Voting No:None. <br /> 7.02: Adopt Resolution #19-272 Approving New/Extended Purchase Agreement for Lot 1, <br /> Block 1,Anderson Dahlen South Addition; Case of Knoll Properties LLC <br /> Economic Development Manager Sullivan reviewed the staff report and recommendation from <br /> the EDA to approve the resolution and purchase agreement as proposed. <br /> Councilmember Musgrove asked for background information on other cases that may have <br /> requested an extension in the past and whether a new purchase agreement was required. <br /> Economic Development Manager Sullivan stated that the previous purchase agreement was <br /> defunct and therefore a new purchase agreement was needed. He noted that this is a very short <br /> period of time for an extension. He stated that because the extension period is short it was <br /> deemed to keep the purchase price and earnest money at the same amounts. <br /> Motion by Councilmember Kuzma, seconded by Councilmember Riley, to Adopt Resolution <br /> #19-272 Approving Purchase Agreement for Lot 1, Block 1, Anderson Dahlen South Addition, <br /> subject to City Attorney review and approval. <br /> Further discussion: Mayor LeTourneau commented that Anderson Dahlen has been a great <br /> partner to the community and their long-term vision for the future is exciting. He stated that he <br /> is excited that this process will continue to move forward and hopes that the business is able to <br /> overcome its obstacles. Councilmember Menth thanked City staff for working hard to keep this <br /> moving forward. <br /> Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Kuzma, Riley, Heinrich, <br /> Menth, Musgrove, and Specht. Voting No:None. <br /> 8. MAYOR, COUNCIL AND STAFF INPUT <br /> City Administrator Ulrich announced upcoming meetings and events. <br /> Councilmember Specht invited members of the public to visit PACT Charter School on <br /> December 14th for its annual robotics tournament. <br /> City Council/November 26,2019 <br /> Page 9 of 10 <br />