Agenda - Council - 10/27/2026 - Laserfiche WebLink

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5. 10. CC Regular Session Meeting Date: 10/27/2026 Primary Strategic Plan Initiative: Promote economic growth and development. Title: Adopt Resolution #26-239 Approving Sale of Lot 1, Block 1, COR SEVEN to Harlow Beckett Enterprises LLC (Scooters Coffee) Purpose/Background: This case is simply a housekeeping item to amend the legal description from Part of Outlot A, Java Auto Parts (The underlying legal - Part of 28-32-25-41-0024) to Lot 1, Block 1, COR SEVEN pursuant to the Purchase Agreement approved by the City Council with an effective date of June 24, 2026 for the purposes of the recording of the Sales Resolution, Right of Re -Entry and Limited Warranty Deed. The land will be platted prior to the closing, so the new legal description above will need to be used for all recorded documents. The project remains the same with the sale of the property to Harlow Beckett Enterprises LLC (Scooters Coffee) to build a 664 sf coffee shop. The site is properly zoned for the proposed use. This project will need a drive-thru which will require a conditional use permit which has been approved by the City Council. Notification: None required Time Frame/Observations/Alternatives: The City and Buyer have negotiated and executed the following related to the newly platted legal real estate identified below: Real Estate Tax ID Number: Portion of 28-32-25-41-0024. Lot 1, Block 1, COR SEVEN Buyer Acreage Asking Price Offer Price items in the Purchase Agreement. The only change is Part of Outlot A, Java Auto Parts (Part of Parcel 50C) - Now Harlow Becket Enterprises LLC, a Minnesota limited liability company Approximately + / - 0.76 acres Subject to Final Plat $265,000 ($8.00 / SF) (SF Subject to change based on approved Plat) $265,000 ($8.00 / SF) (SF Subject to change based on approved Plat) Earnest Money $10,000. Non-refundable upon Notice to Proceed being executed. Inspection Period 180 days from the later of Effective Date (Date City Council approves) or a fully executed PA is delivered to Buyer (city requires plat / site plan approval before sale) Closing Within 30 days of Notice to Proceed. Commission Per the terms of the City listing agreement with CBRE, the City will pay 4% of gross sales price to CBRE and 3% to Turpin Realty, INC. Extensions to Close Buyer will deposit $5,000.00 in escrow for each 60-day extension (2 extensions allowed) Once extensions are made the money becomes non-refundable. City take care of Provide existing ALTA Survey for parent site and updated Title Work. The Buyer will contract to plat the property as part of the Land Use application process. Performance City to require construction of commercial/retail buildings compliant with COR Zoning requirements and obtain a Certificate of Occupancy 12 months after Closing. The Buyer will enter into a Right of Re -Entry Agreement with minimum building square footage requirements of a 664 SF Scooter's Coffee Shop. The Buyer will also construct all internal roadways onsite for access to Sunwood Drive NW at the cost of the Buyer. The City may exercise the Right of Re - Entry if performance requirement is not met. Assignment Requires city approval if not same owners / company. Contingencies None. Site sold "as -is" Review EDA (Sean): Land Transaction/ Purchase Agreement/ Right of Re -Entry approvals/recommendations. Planning Commission (Staff To Be Determined): Land Use, Development Agreement, Site Plan, Plat approvals. City Council: Final Approval on all items. Alternatives include: 1) Adopt Resolution #26-239 Approving Sale of Lot 1, Block 1, COR SEVEN to Harlow Beckett Enterprises LLC (as