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Councilmember Woestehoff introduced the following resolution and moved for its adoption: RESOLUTION #23-018 RESOLUTION APPROVING SETTLEMENT AGREEMENT AND SALE OF MULTIPLE RALF PARCELS FOR THE RAMSEY GATEWAY PROJECT WHEREAS, the City of Ramsey, herein referred to as the “City,” acquired various parcels acquired utilizing the Right of Way Acquisition Loan Fund (RALF) for the purposes relating to construction of future Hwy 10 improvements the City of Ramsey; and WHEREAS, the Ramsey Gateway Highway 10 improvement project is fully funded and ROW acquisition related to the future improvements has commenced by the County of Anoka, acting as the highway authority; and WHEREAS, the City and the County of Anoka have negotiated a Settlement Agreement for the sale of the parcels legally described on Exhibit A (“the Property”); for ROW and Easements for the Ramsey Gateway Hwy 10 Project and the City Attorney has approved the document as to form; and WHEREAS, the sales price for each parcel is defined below in the Proposed Repayment column and the city proceeds will go to pay off the partial balances of RALF Loans L08-01, L07- 05, L04-04, L05-03 and L06-02 RALF Loan Value Proposed Property Repayment % Loan Repayment Purchase % L0801* $1,260,686.00 $56,852.18 4.5 4.5 L0705 $551,934.00 $28,796.96 5.2 5.2 L0404 $372,647.00 $22,023.12 5.9 5.9 L0503 $263,334.00 $27,749.00 10.5 10.5 L0602 $384,868.00 $100,940.01 13.1 13.1 sum $2,833,469.00 $236,361.27 ; 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; and 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 for Hwy 10 ROW/Easement purposes.