Agenda - Council - 07/26/2022 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #22-161 RESOLUTION APPROVING FIRST AMENDMENT TO PURCHASE AGREEMENT FOR PARCEL 50 WHEREAS, the City of Ramsey, herein referred to as the "City," owns various parcels throughout the City of Ramsey; and WHEREAS, the City approved a Purchase Agreement for the sale of the parcel legally described on Exhibit A ("the Property"), with Java Companies, L.L.C., a Minnesota Limited Liability Company or Assigns (the "Developer") on December 14, 2021; and WHEREAS, the Developer has requested an extension of 180 days to the Inspection Period at a cost of$5,000 in Additional Earnest Money; and WHEREAS,the City negotiated the terms of the First Amendment to Purchase Agreement for the sale of the parcel legally described on Exhibit A ("the Property"), with Java Companies, L.L.C., a Minnesota Limited Liability Company or Assigns (the"Developer")that incorporate the above terms; and WHEREAS,the City and Developer have negotiated a Purchase Price of$4.50 per square foot on+/- 6.97 acres (303,613 square feet) subject to a lot split as approved in Final Plat 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 met on July 16, 2022 and unanimously recommended approval of the First Amendment to Purchase Agreement and the City Attorney has approved it to form; and WHEREAS, Java Companies, L.L.C. is a company that is active and in good standing as documented in the Office of the Minnesota Secretary of State as of Julyl8, 2022. 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.