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NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br />1) The City Council approves/authorizes the City Administrator and Mayor to execute the <br />First Amendment to Purchase Agreement and updated Right of Re -Entry Agreement <br />and; subject to City Attorney review. <br />2) That the City hereby approves/authorizes the sale of Lots 1, 2 and 3, Block 1, Ramsey <br />Crossing for $981,000 (the "Purchase Price") to Bunker Lake Crossing LLC, a <br />Delaware Limited Liability Company legally described on attached Exhibit A; subject <br />to City Attorney review. <br />3) That the City Council approves the assignment of the Buyer from Capital Real Estate, <br />Inc., a Minnesota Corporation to Bunker Lake Crossing LLC, a Delaware Limited <br />Liability Company. <br />4) That the City Council hereby authorizes the City Administrator and Mayor to sign any <br />and all documents necessary to close on the sale of the Property, consistent with Charter <br />and State law requirements; subject to City Attorney review. <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 24th day of June, 2025. <br />ATTEST: <br />City Clerk <br />Mayor <br />Resolution #25-150 <br />Page 2of3 <br />