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CASE # <br /> <br /> F! NAI~ API'ROVAL OF PURCHASE AGREEMENT AND LOAN AGREEMENT FOR <br /> TIlE I~URCHASE OF PROPERTY LOCATED IN THE HIGHWAY 10 CORRIDOR <br /> By: William K. Goodrich, City Attorney <br /> <br />llackground: <br /> <br />'l'h¢ Council preliminarily approved the purchase agreement for the purchase of Lot 3, Block 1, <br />Deal Industrial Park, from the Ramsey Town Center LLC, at the meeting of September 13, 2005. <br />Final tcmas of the agreement have now been negotiated and are as contained in the attached <br />cnc]osur'cs. Council is being asked for final approval of that agreement this evening. <br /> <br />I,;nclosures: <br /> <br /> · l.'inal Purchase Agreement for Lot 3, Block 1, Deal Industrial Park <br /> <br />Staff Recommendation: <br /> <br />.qtal~f is recommending Council enter into this attached purchase agreement. <br /> <br />Council Action: <br /> <br />Motion lo authorize final approval of purchase agreement with Ramsey Town Center LLC for <br />the purchase of Lot 3, Block 1, Deal Industrial Park, through the RALF program for a purchase <br />price o1'$1,800,000. <br /> <br />Reviewed by: <br /> <br />Cily Attorney <br />City Administrator <br />l"inancc Officer <br /> <br />09/27/05 <br /> <br /> <br />