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EXHIBIT 1 <br /> Commissioner Riley introduced the following resolution and moved its adoption. <br /> RESOLUTION HRA 914-11-236 <br /> RESOLUTION APPROVING TRANSFER OF HRA PROPERTY TO THE CITY <br /> WHEREAS,the HRA is the fee owner of 28 parcels of real property within the City of <br /> Ramsey as well as the owner of personal property,including funds,as set forth on Exhibit A;and <br /> WHEREAS,the HRA Board of Commissioners determined that it is in the best interests of <br /> the City for the HRA's assets to be transferred to the City and the HRA dissolved;and <br /> WHEREAS,upon transfer of its assets to the City, the HRA will become inactive and <br /> thereafter dissolved as provided by law. <br /> NOW, THEREFORE,BE IT RESOLVED BY THE HOUSING AND REDEVELOPMENT <br /> AUTHORITY OF THE CITY OF RAMSEY as follows: <br /> 1. The real property listed in Exhibit A shall be transferred to the City of Ramsey as soon as <br /> practicable and prior to dissolution of the HRA. Staff is directed to prepare the requisite <br /> deeds to the City, and the HRA Chair and Executive Director are authorized to execute the <br /> deeds and any other documents necessary to effectuate the transfer. The deeds shall be <br /> recorded by the City at City expense. <br /> 2. In the event any properties listed in Exhibit A are subject to a pending purchase agreement, <br /> the HRA Chair and Executive Director are authorized to execute any amendment to the <br /> purchase agreement necessary to change the seller from the HRA to the City. <br /> 3. In the event the HRA holds right, title or interest in any other real property, including <br /> easements,such right,title or interest is hereby transferred to the City. <br /> 4. The existing agreement with CBRE to market the HRA's real estate assets, the prior <br /> agreement with Landform,and any other agreements to which the HRA is a party, shall be <br /> transferred to the City. The HRA Chair and Executive Director are authorized to execute any <br /> amendments to the agreements necessary to effectuate the transfers. <br /> 5. All other HRA property, assets, cash or other funds are hereby transferred to the City. The <br /> cash or other funds shall be used in a manner consistent with the restrictions set forth in <br /> Minnesota Statutes section 469.033,subdivision 7. <br /> The motion for adoption of the foregoing resolution was duly seconded by Commissioner Johns,and <br /> upon a vote being taken thereon,the following voted in favor: <br /> Chairperson Backous <br /> Commissioner Riley <br /> Commissioner Johns <br /> Commissioner Kuzma <br /> Commissioner Strommen <br /> Resolution#21-353 <br /> Page 4 of 10 <br />