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Council member introduced the following resolution and moved for its adoption: <br />RESOLUTION NO. 07-06- <br />RESOLUTION AUTHORIZING THE SALE OF LOTS 1 AND 1A, BLOCK 1, EBONY <br />ADDITION <br />WHEREAS, the City Council approved a Tax Increment Financing Agreement (the "TIF <br />Agreement ") with RDC Properties, LLC, a Minnesota Limited Liability Company, (the "LLC ") on <br />June 26, 2007; <br />WHEREAS, the TIF Agreement requires conveyance of the land to legally described as <br />LOTS 1 and 1A, BLOCK 1, EBONY ADDITION, Anoka County, Minnesota to the LLC <br />NOW, THEREFORE, be it resolved by the City Council of the City of Ramsey, Anoka <br />County, Minnesota as follows: <br />LOTS 1 AND 1A, BLOCK 1, EBONY ADDITION, Anoka County, Minnesota <br />may be sold pursuant to the terms and conditions of the June 26, 2007 Contract for Private <br />Development between the City of Ramsey, A Minnesota municipal corporation and RDC <br />Properties, LLC, a Minnesota Limited Liability Company and that the City's Mayor and Interim <br />City Administrator are authorized to execute the necessary documents to convey said title. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />None <br />and the following abstained: <br />and the following were absent: <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />the 26 day of June, 2007. <br />Mayor <br />ATTEST: <br />Interim City Administrator <br />—119— <br />