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1) That the City hereby declares the Property to be surplus City -owned land, and authorizes <br />the property to be sold. <br />2) That the City hereby authorizes the sale of the Property to MW Properties LLC for Two <br />Million and 00/100 Dollars ($2,000,000.00) contingent on final approval by the Met <br />Council and the contingencies outlines in the Purchase Agreement and Addendum. <br />3) That the City authorizes execution of the Purchase Agreement and Addendum with MW <br />Properties 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 L05-05 and L06-09 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 Mille Lacs Motor Sports, Inc. <br />(Tenant) if the real estate transaction is completed prior to existing Lease termination date <br />on January 31, 2026 <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 MW Properties LLC., 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 9th day of December, 2025. <br />ATTEST: <br />City Clerk <br />Mayor <br />Resolution #25-293 <br />Page 2 of 3 <br />