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<br />Councilmember Woestehoff introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #22-161 <br /> <br />RESOLUTION APPROVING FIRST AMENDMENT TO PURCHASE AGREEMENT <br />FOR PARCEL 50 <br /> <br /> WHEREAS, the City of Ramsey, herein referred to as the “City,” owns various parcels <br />throughout the City of Ramsey; and <br /> <br />WHEREAS, the City approved a Purchase Agreement for the sale of the parcel legally <br />described on Exhibit A (“the Property”), with Java Companies, L.L.C., a Minnesota Limited <br />Liability Company or Assigns (the “Developer”) on December 14, 2021; and <br /> <br />WHEREAS, the Developer has requested an extension of 180 days to the Inspection <br />Period at a cost of $5,000 in Additional Earnest Money; and <br /> <br />WHEREAS, the City negotiated the terms of the First Amendment to Purchase Agreement <br />for the sale of the parcel legally described on Exhibit A (“the Property”), with Java Companies, <br />L.L.C., a Minnesota Limited Liability Company or Assigns (the “Developer”) that incorporate the <br />above terms; and <br /> <br />WHEREAS, the City and Developer have negotiated a Purchase Price of $4.50 per square <br />foot on +/- 6.97 acres (303,613 square feet) subject to a lot split as approved in Final Plat for the <br />Property referenced in the Purchase Agreement; and <br /> <br />WHEREAS, the City herby declares the Property to be surplus City-owned land and is no <br />longer needed for current or future City functions, and authorizes the property to be sold; and <br /> <br />WHEREAS, the formal Purchase Agreement requires a Right-of-Re-Entry Agreement be <br />recorded at the closing of this land transaction; and <br /> <br />WHEREAS, the Ramsey EDA met on July 16, 2022 and unanimously recommended <br />approval of the First Amendment to Purchase Agreement and the City Attorney has approved it to <br />form; and <br /> <br />WHEREAS, Java Companies, L.L.C. is a company that is active and in good standing as <br />documented in the Office of the Minnesota Secretary of State as of July18, 2022. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City hereby declares the Property to be surplus City-owned land, and authorizes <br />the property to be sold. <br /> <br /> <br />