Agenda - Council - 07/14/2026 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #26-158 RESOLUTION APPROVING PURCHASE AGREEMENT, RIGHT OF RE-ENTRY AGREEMENT, LAHA AND SALE OF OUTLOT B, COR STONE BROOK ACADEMY TO ELEVATE HOPE HOUSE WHEREAS, the City of Ramsey, herein referred to as the "City," owns various parcels throughout the City of Ramsey; and WHEREAS, the City negotiated the terms of Purchase Agreement for the sale of the parcel legally described on Exhibit A ("the Property"), with Elevate Hope House, a Minnesota Non - Profit Corporation (the "Buyer"); and WHEREAS, the City and Buyer have negotiated a Purchase Price of $85,000 ($3.75 per square foot) on +/- 0.52 acres (22,651 square feet) for the Property referenced in the Purchase Agreement; 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 referenced in Sales Ordinance 15-05; and WHEREAS, the formal Purchase Agreement requires a Right -of -Re -Entry Agreement be recorded at the closing of this land transaction to ensure development of the approximately 8,500 square foot two story Cafe/Coffee Shop and three apartments; and WHEREAS, the Ramsey EDA met on June 11, 2026 and recommended the sale and development of the Property to Elevate Hope House a Minnesota Non-profit Corporation which includes $250,000 in LAHA funds to subsidize the purchase price and construction of three affordable housing units; and WHEREAS, Provision of LAHA funds will require an additional development agreement binding the Buyer to construct three housing units and to report annual compliance meeting the 40%-60% AMI criteria; and WHEREAS, Elevate Hope House, a Minnesota Non-profit Corporation is in Good Standing with the Secretary of State of Minnesota as of July 8, 2026. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City hereby declares the Property to be surplus City -owned land, and authorizes the property to be sold.