HomeMy WebLinkAbout2021-004 Council Ordinances tb uJe to✓
1st Reading: May 24, 2021 Publication: June 22.. 2021
2nd Reading: June 14, 2021 Effective: July 22, 2021
CITY OF LINO LAKES
ORDINANCE NO. 04-21
ORDINANCE APPROVING SALE OF LAND TO
VAQUERO VENUTURES MANAGEMENT, LLC
The City Council of Lino Lakes ordains:
Section 1. Property. The City is the fee owner of the Property legally described as:
Lot 12 and Lot 13. Block 2, Carole's Estates 2°d Addition
Section 2.Findings.
1. The Property is excess property identified for sale to promote economic
development.
2. The Property is guided for Commercial use in the City's 2040 Compreh-1 sive
Plan and zoned GB, General Business District.
3. The sale of property will result in development of the property and enha cement
of the City's tax base.
4. The sale of property will facilitate realignment of the 77th Street to provi to
improvement commercial and residential access to property west of Lak: Drive.
Section 3.Authorization
The City Council approves the sale of the Property to Vaquero Ventures
Management. LLC. The Mayor and City Clerk are hereby authorized and direct;d to
execute a purchase agreement, deed and other documents as may be necessary i order to
sell the Property. Proceeds from the sale of the Property shall be used in accord.nce with
the requirements of the City Charter.
Section 4.Effective Date.
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.
Adopted by the Lino Lakes City Council this 14th day of June. 2021.
The motion for the adoption of the foregoing ordinance was introduced by
Councilmember Stoesz and was duly seconded by Councilmember Cavegn and upon
vote being taken thereon,the following voted in favor thereof: Stoesz, Cavegn, Lyden,
Ruhland, Rafferty
The following voted against same: None •
,
2, tL kt`f �
Ro Rafferty, Mayor
ATTEST:
e Bartell. Ci Clerk
2