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2) The City Council authorizes the City Administrator and Mayor to execute a Release of <br /> Right of Re-Entry Agreement and to file in the Office of the Registrar of Titles / <br /> Recorder in Anoka County, Minnesota after conveyance of the unencumbered Property <br /> is provided to the City. <br /> 3) That the City Council hereby authorizes refunding $49,295.75 to Stories Foundation to <br /> recoup the city incurred closing costs and cost of an Option for the Property from fund <br /> 9295.1420 — Land Held for Resale account contingent on proof of clear, unencumbered <br /> title to the Property. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> , and upon vote being taken thereon, the following voted in favor thereof: <br /> and the following voted against the same: <br /> and the following abstained: <br /> and the following were absent: <br /> Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br /> the 27th day of August, 2024. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> Resolution#24-224 <br /> Page 2 of 3 <br />