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2) That the City hereby authorizes the sale of the Property to Java Companies L.L.C. or <br />Assigns, for $4.50 per square foot on +/- 6.97 acres (303,613 square feet) subject to a lot <br />split as approved in Final Plat for the Property referenced in the Purchase Agreement for <br />the development of five retail/office buildings depicted on Exhibit B in the Purchase <br />Agreement. <br /> <br />3) That the City authorizes execution of the First Amendment to Purchase Agreement and <br />requires a Right-of-Re-Entry Agreement to be recorded at the closing of this land <br />transaction. <br /> <br />4) That the City hereby authorizes the City Administrator and Mayor to sign any and all <br />documents necessary to close on the sale of the Property, consistent with Charter and State <br />law requirements. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Musgrove, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Kuzma <br /> Councilmember Woestehoff <br /> Councilmember Musgrove <br /> Councilmember Heineman <br /> Councilmember Howell <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 26th day of July, 2022. <br /> <br /> <br /> Mayor <br /> <br />ATTEST: <br /> <br /> <br />City Clerk <br />Resolution #22-161 <br />Page 2 of 3 <br /> <br />