10.5 Purchase Agreement - Laserfiche WebLink

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CITY OF PEQUOT LAKES RESOLUTION 24-14 A RESOLUTION BY THE MAYOR AND CITY COUNCIL OF THE CITY OF PEQUOT LAKES, MINNESOTA APPROVING THE SALE OF CITY -OWNED REAL PROPERTY IN PEQUOT LAKES, MINNESOTA WHEREAS, the City of Pequot Lakes (the "City" or "Seller") desires to sell certain real property described as follows: • Lot 2, Block 1, Heart of the Good Life First Addition, City of Pequot Lakes, Crow Wing County, Minnesota (the "Property"), to CLL Land II, LLC (the `Buyer"); and WHEREAS, the purchase price for the sale is One Hundred Sixty Thousand and No/ 100ths Dollars ($160,000.00); and WHEREAS, a draft purchase agreement and limited warranty deed have been prepared and are attached hereto as Exhibit A; and WHEREAS, in accordance with the attached draft purchase agreement, the City and Buyer expressly understand and agree that the sale of the Property is contingent upon approval by the City Council of the City of Pequot Lakes; and WHEREAS, if any transaction approval as provided in the purchase agreement is not obtained by the closing date stated in the purchase agreement, the purchase agreement shall then be null and void, without further obligation by either party; and WHEREAS, Minnesota Statutes, Section 462.356, subdivision 2 states that no publicly owned interest in real property within a city shall be acquired or disposed of until after the planning commission has reviewed the proposed acquisition or disposal and reported in writing to the city council its findings as to compliance of the proposed acquisition or disposal with the comprehensive plan; and WHEREAS, the same statute further states, however, that the city council may, by resolution adopted by two-thirds vote, dispense with the requirements of this subdivision when in its judgment it finds that the acquisition or disposal of real property has no relationship to the comprehensive plan. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL THAT the City Council hereby finds that the proposed sale of the Property by the City of Pequot Lakes has no relationship to the City's Comprehensive Plan, and therefore review of the proposed sale by the Pequot Lakes Planning Commission is not required under Minn. Stat. § 462.356, Subd. 2, and is hereby dispensed with as allowed by that statute.