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<br />b.City Council approval and execution of a Tax Increment Financing <br />Agreement between the Seller and Buyer and or its assigns. <br /> <br />c.City Council approval of Business Subsidy for Buyer and or its assigns. <br /> <br />3) That the City authorizes execution of the Purchase Agreement with an effective date of <br />January 28, 2020 and requires a Right-of-Re-Entry Agreement to be recorded at the closing <br />of this land transaction. <br /> <br />4) That the City hereby authorizes the City Administrator and Mayor to sign any and all <br />documents necessary to close on the sale of the Property, consistent with Charter and State <br />law requirements. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor LeTourneau <br /> Councilmember Riley <br /> Councilmember Kuzma <br /> Councilmember Heinrich <br /> Councilmember Menth <br /> Councilmember Musgrove <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 28th day of January 2020. <br /> <br /> <br /> Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br />City Clerk <br />Resolution #20-022 <br />Page 2 of 3 <br /> <br /> <br />