Agenda - Council - 01/27/2026 - Laserfiche WebLink

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with the termination of the lease by Mille Lacs Motor Sports Il, Inc. at the end of January. The Metropolitan Council has approved the terms of the Original Purchase Agreement and Addendum. The Amendment to Purchase Agreement proposed does not impact Met Council approval. Alternatives: 1) Adopt Resolution #26-036 Approving Amendment to Purchase Agreement for Sale of 6701 and 6745 Highway 10 to MW Properties LLC (as presented); subject to City Attorney review 2) Adopt Resolution #26-036 Approving Amendment to Purchase Agreement for Sale of 6701 and 6745 Highway 10 to MW Properties LLC(with changes); subject to City Attorney review 3) Something else Funding Source: This action is being done as part of normal staff duties. All proceeds from the sale are remitted to the RALF Program administered by Met Council. The Sale of the Property will satisfy City requirements of RALF Loans L05-05 and L06-09. Recommendation: Adopt Resolution #26-036 Approving Amendment to Purchase Agreement for Sale of 6701 and 6745 Highway 10 to MW Properties LLC (as presented); subject to City Attorney review Outcome/Action: Motion to Adopt Resolution #26-036 Approving Amendment to Purchase Agreement for Sale of 6701 and 6745 Highway 10 to MW Properties LLC (as presented); subject to City Attorney review Attachments Site Location Map ACTION - Resolution #26-036 ACTION - Amendment to Commercial Purchase Agreement Reference - Executed PA Reference - Executed PA Addendum Reference - Resolution #25-293 Reference - Lease 6701 Rear Reference - 6701 Lease Outside Reference - 6745 Lease Reference - 6745 behind Reference - Loan Agreement L05-05 Reference - Loan Agreement L06-09 Sales Ordinance -24-11 Form Review Inbox Reviewed By Date Brian Hagen Brian Hagen 01/22/2026 12:52 PM Form Started By: Sean Sullivan Started On: 01/21/2026 01:37 PM Final Approval Date: 01/22/2026