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Councilmember Musgrove introduced the following resolution and moved for its adoption: CITY COUNCIL RESOLUTION #20-133 RESOLUTION AUTHORIZING THE SALE OF CITY OWNED PROPERTY TO RIVERSTONE DEVELOPMENT LLC WHEREAS, the City of Ramsey, herein referred to as the “City,” owns various parcels throughout the City of Ramsey; and WHEREAS, the City received and entered into a formal purchase agreement for the sale of the parcel described as: 39,249 sf of existing right-of-way located on Puma Street, just South of Alpine Drive, and 43,592 sf of land located on OUTLOT C, ALPHA DEVELOPMENT PLAT (20-32-25-31- 0003). Total estimated site of 1.90 acres or 82,841 square feet. (“the Property”), on July 25, 2017, with Riverstone Development, LLC a Minnesota limited liability company (the “Purchase Agreement”); and WHEREAS, the City received and entered into Purchase Agreement Amendment 1 to extend the Closing to on or before July 15, 2020, on August 23, 2018, with Riverstone Development, LLC a Minnesota limited liability company (the “Amendment”); and WHEREAS, the City and Riverstone Development, LLC agreed to a purchase price of $25,000 per acre; and WHEREAS, On March 10, 2015 the City Council Adopted Ordinance 15-05which declared the Property to be surplus City-owned land that is no longer needed for current or future City functions, and authorizes the property to be sold; and nd WHEREAS, the Property has now been platted as Outlot A, Alpha Development 2 Addition (A portion of 20-32-25-31-0003) and is 1.09 acres or 47,441 square feet in size. 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. nd 2) That the City hereby authorizes the sale of Outlot A, Alpha Development 2 Addition to Riverstone Development, LLC, for $27,250.