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2) That the City hereby authorizes the sale of the Property to RM Property Management LLC <br /> for Five Hundred Fifty Thousand and 00/100 Dollars ($550,000.00). <br /> 3) That the City authorizes execution of the Purchase Agreement with RM Property <br /> Management LLC. to sell the Property. <br /> 4) The City authorizes the proceeds from the sale of the Property to be used to pay off <br /> RALF Loan L06-03 and to be remitted to the Met Council. <br /> 5) That the City authorizes execution of an Early Termination Amendment to Lease <br /> Agreement Between City of Ramsey(Landlord)and rm Golf Carts,Inc. (Tenant)if the real <br /> estate transaction is completed prior to existing Lease termination date on May 31, 2025 <br /> 6) That the City hereby authorizes the City Administrator and Mayor to sign any and all <br /> documents necessary to transfer the Property to the County of Anoka, consistent with <br /> Charter and State law requirements. <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 25th day of February, 2025. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> Resolution#25-037 <br /> Page 2 of 3 <br />