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CITY OF PEQUOT LAKES <br /> RESOLUTION 20- <br /> A RESOLUTION BY THE MAYOR AND CITY COUNCIL OF THE CITY OF PEQUOT <br /> LAKES, MINNESOTA APPROVING THE SALE OF CITY-OWNED REAL PROPERTY <br /> IN PEQUOT LAKES,MINNESOTA,AND DISPENSING WITI3 REVIEW OF THE <br /> SALE BY THE PEQUOT LAKES PLANNING COMMISSION <br /> WHEREAS,the City of Pequot Lakes (the"City" or"Seller") desires to sell certain real <br /> property described as follows: <br /> • Proposed Lot 2,Block 1, Heart of the Good Life,City of Pequot Lakes, Crow Wing <br /> County, Minnesota <br /> (the"Property"), to Northern States Power Company(the"Buyer"); and <br /> WHEREAS, the purchase price for the sale is Forty-Five Thousand and No/100ths Dollars <br /> ($45,000.00)per acre; and <br /> WHEREAS, a draft purchase agreement and limited warranty deed have been prepared and are <br /> attached hereto as Exhibit B; and <br /> WHEREAS, in accordance with the attached draft purchase agreement, the City and Buyer <br /> expressly understand and agree that the sale of the Property is contingent upon approval by the <br /> City Council of the City of Pequot Lakes; and <br /> WHEREAS, if any transaction approval as provided in the purchase agreement is not obtained <br /> by the closing date stated in the purchase agreement, the purchase agreement shall then be null <br /> and void, without further obligation by either party; and <br /> WHEREAS, Minnesota Statutes, Section 462.356, subdivision 2 states that no publicly owned <br /> interest in real property within a city shall be acquired or disposed of until after the planning <br /> commission has reviewed the proposed acquisition or disposal and reported in writing to the city <br /> council its findings as to compliance of the proposed acquisition or disposal with the <br /> comprehensive plan; and <br /> WHEREAS, the same statute further states,however, that the city council may,by resolution <br /> adopted by two-thirds vote, dispense with the requirements of this subdivision when in its <br /> judgment it finds that the acquisition or disposal of real property has no relationship to the <br /> comprehensive plan. <br /> NOW, THEREFORE,BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL <br /> THAT the City Council hereby finds that the proposed sale of the Property by the City of Pequot <br /> Lakes has no relationship to the City's Comprehensive Plan, and therefore review of the <br /> 1 <br />