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2) That the City hereby authorizes the sale of the Property to Java Ramsey Casey's Outlot, <br />LLC, for $6.98 per square foot on 75 acres (32,775 square feet) subject to a lot split as <br />approved in Final Plat for the Property referenced in the Purchase Agreement for the <br />development of a minimum 7,000 square foot retail building. The purchase price is <br />$228,900. <br />3 <br />4 <br />) <br />) <br />That the City authorizes execution of the First Amendment to Purchase Agreement and <br />requires a Right -of -Re -Entry Agreement to be recorded at the closing of this land <br />transaction. <br />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 />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />, and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 25th day of May 2021. <br />ATTEST: <br />City Clerk <br />Mayor <br />Resolution #21-146 <br />Page 2 of 3 <br />