Laserfiche WebLink
2) That the City hereby authorizes the sale of the Property to Capital Real Estate, Inc., a <br />Minnesota Corporation and/or its assigns, for $981,000 which would be reduced to <br />$966,596 if construction of a pylon sign on the Southeast Corner of Armstrong Blvd <br />NW and Bunker Lake Boulevard is not viable and is not approved by the Seller (the <br />"Purchase Price"); subject to contingencies included in the Purchase Agreement. The <br />per square foot cost depending on the option ranges from is $6.74 to $7.00 per square <br />foot; subject to City Attorney review <br />3) 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 adoption of the foregoing resolution was duly seconded by Councilmember <br />Olson, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Heineman <br />Councilmember Specht <br />Councilmember Olson <br />Councilmember Buscher <br />Councilmember Peters <br />Councilmember Riley <br />Councilmember Stewart <br />and the following voted against the same: <br />None <br />and the following abstained: <br />None <br />and the following were absent: <br />None <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 14th day of January, 2025. <br />ATTEST: <br />Resolution #25-006 <br />Page 2 of 3 <br />