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Councilmember Peters introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #26-207 <br /> <br />RESOLUTION APPROVING PURCHASE AGREEMENT FOR SALE OF TRACT A, <br />REGISTERED LAND SURVEY NO. 249 TO 6781 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 the parcel known as Tract A, Registered Land Survey No, <br />249 on August 6, 2009 (the “Property”) on attached Exhibit A utilizing RALF Funds for the Hwy <br />10 project; and <br /> <br />WHEREAS, the City has leased the Property to Mille Lacs Motor Sports II, Inc. (Power <br />Lodge), and it has a lease with the City that terminates November 30, 2026 and is in good standing <br />with the City; and <br /> <br />WHEREAS, 6781 Properties, LLC has been working with Mille Lacs Motor Sport II, Inc. <br />and has extended the lease to accommodate the due diligence period and closing defined in the <br />Purchase Agreement with 6781 Properties, LLC; and <br /> <br />WHEREAS, the City has negotiated a Purchase Agreement with 6781 Properties. LLC to <br />acquire the Property and the Met Council has preliminarily approved the terms and conditions of <br />the Purchase Agreement; and <br /> <br />WHEREAS, the purchase price of the Property is Three Hundred Sixteen and Fifty and <br />00/100 Dollars ($316,050.00) which also has been preliminarily approved by the Met Council and <br />the sale proceeds will be remitted to the Met Council to satisfy the requirements of RALF Loans <br />L09-05; 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, 6781 Properties, LLC. is Active and in Good Standing with the Office of the <br />Secretary of State as of September 2, 2026. <br /> <br />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 />