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