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NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA <br />COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the City hereby declares the Property to be surplus City-owned land, and authorizes <br />the property to be sold. <br /> <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 /> <br />3) That the City authorizes execution of the Purchase Agreement and Addendum with MW <br />Properties LLC. to sell the Property. <br /> <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 /> <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 /> <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 /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Stewart, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Heineman <br /> Councilmember Peters <br /> Councilmember Stewart <br /> Councilmember Buscher <br /> Councilmember Olson <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />and the following were absent: <br /> <br /> None <br />Resolution #25-293 <br />Page 2 of 4 <br /> <br />