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<br />6:17: Adopt Resolution #25-009 Authorizing Speed Study Request for Armstrong Boulevard / <br />CSAH 83 between Highway 10 and Bunker Lake Boulevard / CSAH 116 <br />6:18: Adopt Resolution #25-011 Designating Financial Institutions as Official Depositories; <br />Adopt Resolution #25-012 Authorizing Signatures for Financial Transactions and Adopt <br />Resolution #25-013 Designating BMO Bank, N.A. as the Official Financial Institution for <br />the City of Ramsey Banking Services for the Year of 2025. <br />6:19: Adopt Resolution #25-014 Approving the City of Ramsey's 2026 Budget Calendar <br />6:20: Adopt Resolution #25-017 Approving CBRE Real Estate Listing Agreement for City <br />Owned Land in COR <br /> <br />A roll call vote was performed: <br /> <br />Councilmember Buscher aye <br />Councilmember Riley aye <br />Councilmember Stewart aye <br />Councilmember Olson aye <br />Councilmember Specht aye <br />Councilmember Peters aye <br />Mayor Heineman aye <br /> <br />Motion carried. <br />7. PUBLIC HEARING <br /> <br />None. <br />8. COUNCIL BUSINESS <br />8.01: Adopt Resolution #25-006 Approving Purchase Agreement and Right of Re-Entry <br />Agreement for the Sale of Part of Outlot D, Waterfront Village: Case of Capital Real <br />Estate, Inc. <br /> <br />Economic Development Manager Sullivan reviewed the Staff report in regard to the purchase and <br />right of re-entry agreement for the sale of part of Outlot D for the Waterfront Village. He shared <br />the EDA’s recommendation of approval. <br /> <br />Councilmember Specht shared that he is excited about this project. <br /> <br />Mayor Heineman asked if there will be a drive-thru attached to the Chipotle. <br /> <br />Economic Development Manager Sullivan said yes. <br /> <br />Mayor Heineman asked if the difference between the asking price and the offer price was due to <br />what they are currently seeing in the real estate market. <br /> <br />City Council / January 14, 2025 <br />Page 5 of 9 <br /> <br /> <br />