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HomeMy Public PortalAbout2023-108 Resolution Approving Purchase Agreement PID 0411823110002Resolution 2023-108 November 30, 2023 Member Cavanaugh introduced the following resolution and moved its adoption: CITY OF MEDINA RESOLUTION NO. 2023-108 RESOLUTION APPROVING PURCHASE AGREEMENT AND AUTHORIZING CITY’S PURCHASE AND ACQUISITION OF HENNEPIN COUNTY PID 0411823110002 WHEREAS, the city of Medina (the “City”) is a municipal corporation organized under the laws of the State of Minnesota; and WHEREAS, Jeffrey S. Cates and Christine T. Cici-Cates (“Sellers”) are fee owners of approximately 36.92 acres of real property located in the City and identified as Hennepin County PID 0411823110002, which is legally described as follows: Lot 3, Block 1, Cates Ranch, Hennepin County, Minnesota (the “Property”); and WHEREAS, the City desires to purchase the Property from Sellers for $1,017,146.00 and there has been presented before the City Council a form of purchase agreement (the “Purchase Agreement”) between the City and Sellers setting forth all terms and conditions of the sale; and WHEREAS, on November 14, 2023, pursuant to Minnesota Statutes, section 462.356, subd. 2, the Medina Planning Commission considered the City’s potential acquisition of the Property and thereafter informed the City Council in writing that said acquisition would be consistent with the City’s comprehensive plan. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Medina, Minnesota, as follows: 1. The purchase and acquisition of the Property from Sellers for $1,017,146.00, pursuant to all terms and conditions contained in the Purchase Agreement, is hereby approved. 2. The mayor and the city administrator are authorized and directed to execute the Purchase Agreement in substantially the form presented to the City Council on the date of this resolution, subject to any additional modifications approved by the city attorney that do not alter the substance of the transaction, provided that execution of the Purchase Agreement will be conclusive evidence of approval. 3. The mayor and the city administrator are authorized to execute any other documents or instruments deemed necessary to carry out the transaction described in the Purchase Agreement. City officials, staff, and consultants are directed to take any additional steps deemed necessary or convenient to carry out the transaction contemplated by this resolution. Resolution 2023-108 November 30, 2023 Dated: November 30, 2023. ______________________________ Kathleen Martin, Mayor ATTEST: ______________________________ Scott T. Johnson, City Administrator The motion for the adoption of the foregoing resolution was duly seconded by member DesLauriers upon vote being taken thereon, the following voted in favor thereof: Albers, Cavanaugh, DesLauriers, Martin And the following voted against same: (Absent: Reid) None Whereupon said resolution was declared duly passed and adopted.