Resolution - #21-146 - 05/25/2021

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Councilmember Musgrove introduced the following resolution and moved for its adoption: RESOLUTION #21-146 RESOLUTION APPROVING FIRST AMENDMENT TO PURCHASE AGREEMENT JAVA COMPANIES LLC WHEREAS, the City of Ramsey, herein referred to as the "City," owns various parcels throughout the City of Ramsey; and WHEREAS, the City negotiated the terms of a Purchase Agreement for the sale of the parcel legally described on Exhibit A ("the Property"), with Java Companies, LLC, a Minnesota Limited Liability Company (the "Developer"); and WHEREAS, additional project costs initiated by the City of Ramsey associated with re- routing of Sewer and Water along Sunwood Drive and construction of a temporary access to improve safety have increased the developer project costs by $55,000; and WHEREAS, the Developer asked the City to assist with the additional project costs; and WHEREAS, in order to address the increase in development costs, the City and Developer have re -negotiated a Purchase Price of $6.98 per square foot on +/- .75 acres (32,775 square feet) subject to a lot split as approved in Final Plat for the Property referenced in the Purchase Agreement; and WHEREAS, Buyer desires to assign the Purchase Agreement to Java Ramsey Casey's Outlot, LLC; and WHEREAS, the City herby declares the Property to be surplus City -owned land and is no longer needed for current or future City functions, and authorizes the property to be sold; and WHEREAS, the formal Purchase Agreement requires a Right -of -Re -Entry Agreement be recorded at the closing of this land transaction; and WHEREAS, Java Ramsey Casey's Outlot, LLC is a company that is active and in good standing as documented in the Office of the Minnesota Secretary of State as of May 19, 2021; and 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.