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Funding Source: <br />This action is being done as part of normal staff duties. All proceeds from the sale are remitted to the RALF <br />Program administered by Met Council. The Sale of the Property will satisfy City requirements of RALF Loan <br />L09-05. <br />Recommendation: <br />Adopt Resolution #26-207 Approving Purchase Agreement for Sale of Tract A, Registered Land Survey No. 249 <br />to 6781 Properties, LLC (as presented); subject to City Attorney review <br />Outcome/Action: <br />Motion to Adopt Resolution #26-207 Approving Purchase Agreement for Sale of Tract A, Registered Land <br />Survey No. 249 to 6781 Properties, LLC (as presented); subject to City Attorney review <br />Attachments <br />Site Location Map <br />ACTION - Resolution #26-207 <br />ACTION - Purchase Agreement 6781 Properties LLC <br />Sales Ordinance -24-11 <br />Reference - Existing Lease with Mill Lacs Motor Sports <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 09/03/2026 01:02 PM <br />Form Started By: Sean Sullivan Started On: 09/01/2026 11:23 AM <br />Final Approval Date: 09/03/2026 <br />