Agenda - Council - 12/09/2025 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #25-293 RESOLUTION APPROVING PURCHASE AGREEMENT FOR SALE OF 6701 AND 6745 HWY 10 NW TO MW PROPERTIES LLC WHEREAS, the City of Ramsey, herein referred to as the "City," acquired various parcels acquired utilizing the Right of Way Acquisition Loan Fund (RALF) for the purposes relating to construction of future Hwy 10 improvements the City of Ramsey; and WHEREAS, the City acquired 6701 Hwy 10 NW legally described as Lot 3, Block 1, Deal Industrial Park on September 29, 2005 and 6745 Hwy 10 NW legally described as Lot 2, Block 1, Deal Industrial Park on August 10, 2006 (the "Properties") on attached Exhibit A utilizing RALF Funds for the Hwy 10 project; and WHEREAS, the City has leased the Properties to various business entities including Mille Lacs Motor Sports II, Inc. (Power Lodge), has a lease with the City that terminates January 31, 2025and is in good standing with the City; and WHEREAS, MW Properties LLC has been working with Mille Lacs Motor Sport II, Inc. to extend the lease and its extension is a contingency if the Purchase Agreement; and WHEREAS, the City has negotiated a Purchase Agreement and Addendum with MW Properties LLC to acquire the Properties and the Met Council has preliminarily approved the terms and conditions of the Purchase Agreement; and WHEREAS, the purchase price of the Properties is Two Million and 00/100 Dollars ($2,000,000.00) which also has been preliminarily approved by the Met Council and the sale proceeds will be remitted to the Met Council to satisfy the requirements of RALF Loans L05-05 and L06-09; and WHEREAS, an Early Termination Amendment to Lease Agreement with rm Golf Carts, Inc. to terminate the lease if the Closing occurs before May 31, 2025 has been reviewed and approved by the City Attorney as to form; and WHEREAS, the City herby declares the Property to be surplus City -owned land and is no longer needed for current or future City functions, and authorizes the property to be sold as evidenced in adopted Ordinance 24-11; and WHEREAS, MW Properties LLC. is Active and in Good Standing with the Office of the Secretary of State as of December 3, 2025. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: