Agenda - Council - 12/14/2021 - Laserfiche WebLink

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Councimember Musgrove introduced the following resolution and moved for its adoption: RESOLiTION #21-274 RESOLiTION APPROVING PURCHASE AGREEMENT FOR LOT 4, BLOCK 1, RIVERSIDE NEST—WINDOWS AND DOORS USA LLC WHEREAS, the City of Ramsey, herein referred to as the "City," ovens various parcels throughout the City of Ramsey; and WHEREAS,the City negotiated the terms of Purchase Agreement for the sale of the parcel legally described on Exhibit A ("the Property"), with Windows and Doors USA LLC, a Minnesota Limited Liability Company (the "Developer"); and WHEREAS,the City and Developer have negotiated a Purchase Price of$2.79 per square foot on +1- 1.46 acres (63,971 square feet) subject to Final Plat filing of Riverside West Rearrangement for the Property referenced in the Purchase Agreement; 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, the Ramsey EDA recommends the sale and development of the Property to Windows and Doors USA LLC; and WHEREAS, Windows and Doors LLC is a company that is active and in good standing as documented in the office of the Minnesota Secretary of State as of September 21, 2 021; 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. 2) That the City hereby authorizes the sale of the Property to Windows and Doors LLC, a Minnesota Limited Liability Company for $2.79 per square foot on+1- 1.46 acres (63,971 square feet) subject to Final Plat filing of Riverside West Rearrangement for the Property referenced in the Purchase Agreement for the development of a minimum 10,000 square foot office/showroom/warehouse building. 3) That the City authorizes execution of the Purchase Agreement and requires a Right-of-Re- Entry Agreement to be recorded at the closing of this land transaction.