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Councilmember Musgrove introduced the following resolution and moved for its adoption: <br />RESOLUTION #24-009 <br />RESOLUTION DECLARING THE COR SAPPHIRE ADDITION DEVELOPMENT <br />AGREEMENT SATISFIED AND AUTHORIZING RELEASE FROM PROPERTY <br />WHEREAS, Jeremy Spaude, representing Lil Explorers Properties Ramsey LLC, hereafter <br />referred to as "Property Owner", requested a release from the development agreement associated with the <br />following described property located in the City of Ramsey: <br />Lots 1 and 2, Block 1, RAMSEY STORAGE CENTER, Anoka County, Minnesota <br />(the `Subject Property'); and <br />WHEREAS, the Subject Property is encumbered, in whole or in part, by the following <br />development agreement (the "Development Agreement") for a past project: <br />"City of Ramsey Development Agreement for RAMSEY STORAGE CENTER" <br />recorded as Document Number 2238183.002 on September 11, 2019; and <br />WHEREAS, the City is declaring the Development Agreement satisfied with respect to the Subject <br />Property described above; and <br />WHEREAS, the Development Agreement will remain on the title affected property; and <br />WHEREAS, the City Council reviewed the request to release this Development Agreement from <br />the Subject Property on January 9, 2024. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, <br />ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) The Development Agreement referenced above is deemed satisfied on the Subject Properties and <br />may be released from the Subject Property described above. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Woestehoff, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Kuzma <br />Councilmember Musgrove <br />Councilmember Woestehoff <br />Councilmember Howell <br />Councilmember Specht <br />and the following voted against the same: <br />None <br />Resolution #24-009 <br />Page 2 of 2 <br />