Agenda - Council - 08/23/2022 - Laserfiche WebLink

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CC Regular Session 7.2. Meeting Date: 08/23/2022 By: Brian Hagen, Administrative Services Information Title: Resolution #22-208 Approving Purchase Agreement of a Portion of Outlot B, Elmcrest Sanctuary, Anoka County, Minnesota (this portion of the meeting may be closed to the public per MS 13D.05 Subd. 3 (c) (3)) Please Note: this case was moved from Case 7.6 to Case 7.2 on the Regular Agenda. Purpose/Background: The City Council has held multiple closed sessions to review various terms of an offer to sell a portion of land to the City for the purpose of fee title ownership for the north entrance to Elmcrest Park. The City Council provided broader direction to the negotiating team during these sessions. Over the past several months, a team of City representatives (Councilmember Heineman, City Attorney Knaak, Former City Administrator Kurt Ulrich and Current City Administrator Brian Hagen) have negotiated terms of a purchase agreement with Balckjack Farms, LLC. On June 14, 2022, the City Council directed its City Attornery and City Administrator to finalize a Purchase Agreement. The City has received a signed Purchase Agreement by Blackjack Farms, LLC for consideration. This discussion is recommended to be closed to the public per MS 13D.05 Subd. 3.(c)(3) in order to develop or consider offers or counteroffers for the purchase or sale of real or personal property. If the meeting does go into closed session the following parcels must be identified for the record by Legal Description and Property Tax ID Number: Outlot B, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0012 Outlot A, Elmcrest Sanctuary - Property Tax ID # 11-32-25-34-0011 If the City Council is agreeable to the Purchase Agreement, a resolution is attached to the case for consideration to approve the terms of the Purchase Agreement. Approval of the Resolution would be required to occur in an open meeting of the City Council. Notification: No notification is required. Time Frame/Observations/Alternatives: Alternative #1: Adopt Resolution #22-208. The Purchase Agreement would be executed and staff would work with the seller to complete th provisions identified within the agreement. Alternative #2: During the Closed Session, provide further direction to the negotiating team on adjustments to the terms of the agreement. Funding Source: Funding could be provided through Park Dedication Fees. Recommendation: Staff recommends approval of Resolution #22-208. Outcome/Action: