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<br />Enclosure: <br /> <br />Proposed Purchase Agreement <br />Map showing the parcel location <br />Proposed Loan Agreement <br /> <br />Recommendation: <br /> <br />Enter into the purchase agreement and approve the Loan Agreement. <br /> <br />Council Action: <br /> <br />Motion to enter into a purchase agreement with Ramsey Town Center, LLC for the purchase of the <br />parcel ofland located at 7751 Highway 10 NW, Ramsey, Minnesota, for a total purchase price of <br />$1,243,900.00 which amount is to be funded by a Metropolitan Council RALF loan. This motion is <br />contingent on formal approval by the Metropolitan Council approving the purchase and the <br />purchase price and City Attorney approval of the final purchase agreement terms. <br /> <br />AND <br /> <br />Motion to authorize the City to enter into a Loan Agreement between the Metropolitan Council and <br />Todd Bialon (EZ Sales) For Protective Acquisition of Highway Right-of-Way for the parcel located <br />at 7751 Highway 10 NW in the City in an amount not to exceed $1,254,080.00. <br /> <br />Review Checklist: <br /> <br />City Administrator <br />