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2) That the City hereby authorizes the sale of the Property to Ramsey Hotel Group, LLC, for <br />the development of a 60 unit 4 story hotel with first floor restaurant.. <br /> <br />3) That the City authorizes execution of the First Amendment Purchase Agreement with an <br />effective date of February 5, 2020 and requires a Right-of-Re-Entry Agreement to be <br />recorded at the closing 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 />Menth, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor LeTourneau <br /> Councilmember Musgrove <br /> Councilmember Menth <br /> Councilmember Heinrich <br /> Councilmember Kuzma <br /> Councilmember Riley <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 />th <br />the 24 day of March, 2020. <br /> <br /> <br /> Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br />City Clerk <br /> <br />Resolution #20-057 <br />Page 2 of 2 <br /> <br />