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<br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #21-348 <br /> <br />RESOLUTION APPROVING PURCHASE AGREEMENT FOR PART OF OUTLOT A, <br />JAVA AUTO PARTS <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 Java Companies, L.L.C., a Minnesota <br />Limited Liability Company or Assigns (the “Developer”); and <br /> <br />WHEREAS, the City and Developer have negotiated a Purchase Price of $4.50 per square <br />foot on +/- 6.97 acres (303,613 square feet) subject to a lot split as approved in Final Plat for the <br />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, the formal Purchase Agreement requires a Right-of-Re-Entry Agreement be <br />recorded at the closing of this land transaction; and <br /> <br />WHEREAS, Java Companies, L.L.C. is a company that is active and in good standing as <br />documented in the Office of the Minnesota Secretary of State as of December 8, 2021. <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 Java Companies L.L.C. or <br />Assigns, for $4.50 per square foot on +/- 6.97 acres (303,613 square feet) subject to a lot <br />split as approved in Final Plat for the Property referenced in the Purchase Agreement for <br />the development of five retail/office buildings depicted on Exhibit B in the Purchase <br />Agreement. <br /> <br />3) That the City authorizes execution of the Purchase Agreement and requires a Right-of-Re- <br />Entry Agreement to be 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 />