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1st Reading: Publication: <br />2nd Reading: Effective: <br />CITY OF LINO LAKES <br />ORDINANCE NO. 09-23 <br />ORDINANCE APPROVING SALE OF LAND TO <br />JAVA COMPANIES, LLC <br />The City Council of Lino Lakes ordains: <br />Section 1. Property. The City is the fee owner of the Property legally described <br />as: <br /> Lot 12 and Lot 13, Block 2, Carole’s Estates 2nd Addition; and, <br /> Lot 4, Auditor’s Subdivision No. 134 (7685 Lake Drive) <br />Section 2. Findings. <br />1. Lots 12 and 13, Block 2, Carole Estates 2nd Addition and that part of Lot 4, <br />Auditor’s Subdivision No. 134 (excepting therefrom the proposed right-of-way <br />for Marketplace Drive) as shown in the attached Exhibit A, is excess property <br />identified for sale to promote economic development. <br />2. The Property is guided for Commercial use in the City’s 2040 Comprehensive <br />Plan and zoned GB, General Business District and NB, Neighborhood Business. <br />3. The sale of property will result in development of the property and <br />enhancement of the City’s tax base. <br />4.The sale of property will facilitate realignment of the 77th Street/Marketplace <br />Drive to provide commercial and residential access to property west of Lake <br />Drive. <br />Section 3. Authorization <br />The City Council approves the sale of the Property to JAVA Companies, LLC. The <br />Mayor and City Clerk are hereby authorized and directed to execute a purchase <br />agreement, deed and other documents as may be necessary in order to sell the <br />Property. Proceeds from the sale of the Property shall be used in accordance with the <br />requirements of the City Charter. <br />Section 4. Effective Date. <br />August 28, 2023 <br />September 11, 2023