07/23/2007 Council Packet (2) - Laserfiche WebLink

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CITY OF LINO LAKES COUNTY OF ANOKA ORDINANCE NO. 06 -07 AN ORDINANCE OFFERING THE SALE OF THREE PARCELS OF LAND BY THE CITY OF LINO LAKES The City Council of Lino Lakes, Anoka County, Minnesota does ordain: I. Greg Anderson Development, LLC (the "Developer ") has submitted to the City Council for consideration a Purchase Agreement dated July 9, 2007 to purchase certain real estate owned by the City. The Purchase Agreement provides, among other things, for the conveyance, under certain terms and conditions, of real property owned by the City described as follows: Lot 12, Blk 2 Caroles Estates 2nd Addition Lot 13, Bik 2 Caroles Estates 2nd Addition Lot 14, Bik 2 Caroles Estates 2nd Addition The city council of the City has determined that the Property is no longer needed by the City for any public purpose and that it is in the best interest of the City to convey the Property to the Developer subject to the terms of this ordinance and the Purchase Agreement. II. The city council of the City authorizes execution of the Purchase Agreement by the Mayor and Clerk after the effective date of this ordinance. Furthermore, the mayor and city clerk are hereby authorized and directed to execute any other documents as may be necessary in order to sell the Property. Proceeds from the sale of the Property shall be used in accordance with the requirements of the city charter. This ordinance shall be in full force and effect from and after 30 days following its passage and publication, in accordance with section 3.09 of the city charter. • • •