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<br />Councilmember Menth introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #20-245 <br /> <br />RESOLUTION APPROVING PURCHASE AGREEMENT FOR OUTLOT B, ALPHA <br />ND <br />DEVELOPMENT 2 ADDITION – US HOME COPORATION <br /> <br /> WHEREAS, the City of Ramsey, herein referred to as the “City,” owns various parcels <br />throughout the City of Ramsey; and <br /> <br />WHEREAS, the City negotiated the terms of Purchase Agreement for the sale of the parcel <br />legally described on Exhibit A (“the Property”), with U.S. Home Corporation, a Delaware <br />Corporation (the “Buyer”); and <br /> <br />WHEREAS, the City and Buyer have negotiated a Purchase Price of $0.79 per square foot <br />($100,000) on +/- .2.91 acres (126,691 square feet) subject to a lot split as approved in Final Plat <br />for the Property referenced in the Purchase Agreement; and <br /> <br />WHEREAS, the City herby declares the Property to be surplus City-owned land and is no <br />longer needed for current or future City functions, and authorizes the property to be sold; and <br /> <br />WHEREAS, a Right-of-Re-Entry Agreement will not be required at the closing of this <br />land transaction; and <br /> <br />WHEREAS, U.S. Home Corporation is a company that is active and in good standing as <br />documented in the Office of the Minnesota Secretary of State as of October 20, 2020. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City hereby declares the Property to be surplus City-owned land, and authorizes <br />the property to be sold. <br /> <br />2) That the City hereby authorizes the sale of the Property to U.S. Home Corporation, for <br />$0.79 per square foot ($100,000) on +/- 2.91 acres (126,691 square feet) subject to an <br />approved in Final Plat for the Property referenced in the Purchase Agreement. <br /> <br />3) That the City authorizes execution of the Purchase Agreement and requires that Buyer must <br />have closed on Outlot A, Alpha Development prior to or simultaneous with closing of <br />Propoerty. <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 /> <br />