2021-011 Council Resolution - Laserfiche WebLink

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CITY OF LINO LAKES RESOLUTION NO.21-11 RESOLUTION ACCEPTING PROPERTY FROM THE YMCA OF THE NORTH AND APPROVING THE EXECUTION OF DOCUMENTS IN CONNECTION THEREWITH BE IT RESOLVED by tgie City Council (the "City Council") of the City of Lino Lakes (the "City"), as follows: Section 1. Background. 1.01. The Young Men's Christian Association of the North, a Minnesota nonprofit corporation doing business as the YMCA of the North and formerly known as the Young Men's Christian Association of the Greater Twin Cities (the "YMCA"), owns the property and the building located at 7690 Village Drive in the City (the "Property"), which the YMCA operates as a fitness and recreation facility. 1.02. Due to the COVID-19 pandemic, the YMCA has determined that it will not reopen the Property and has proposed to transfer the Property and sell certain equipment located in the building and described in the Bill of Sale described below(the"Equipment")to the City. 1.03. There have been presented to the City Council the following documents: (i) a Bill of Sale between the YMCA and the City; (ii) a Limited Warranty Deed from the YMCA to the City; and (iii) an Assignment and Assumption of Warranties between the YMCA and the City. Section 2. Approvals. 2.01. The City hereby accepts the Property from the YMCA and authorizes the purchase of the Equipment in the approximate principal amount of$15,000. 2.02. The City Council hereby authorizes the Mayor and the City Clerk to execute the Bill of Sale and the Assignment and Assumption of Warranties (together, the "City Documents") in substantially the forms on file with the City, subject to modifications that do not alter the substance of the transaction and are approved by such officials, provided that execution of the City Documents by such officials is conclusive evidence of their approval. 2.03. City staff are authorized and directed to take all other actions necessary to carry out the intent of this resolution.