HomeMy WebLinkAbout25-005 - Resolution - L and D Winter - Purchase AgreementCITY OF LINO LAKES
RESOLUTION NO. 25-05
RESOLUTION APPROVING PURCHASE AGREEMENT WITH L. & D. WINTER 2023
CHARITABLE REMAINDER UNITRUST PROPERTY
WHEREAS, the City prepared the Natural Resource Revolving Fund plan (the "Plan") to
further the City's goals of Greenway System development, stormwater management and water
quality improvements, public open space development and economic development by
establishing a self -funding mechanism to acquire, protect, and enhance high value ecological
areas; and
WHEREAS, the Winter property was identified in the plan and subsequent investigation
as having a high potential for development of a wetland bank; and
WHEREAS, the City's NE Drainage Area Comprehensive Stormwater Management Plan
identifies the property as a high priority stormwater volume and flood plain management area;
and
WHEREAS, proposed improvements to Otter Lake Road and future improvements to 24th
Avenue require acquisition of right-of-way from the Winter Property,
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that the
purchase of property, located at 7473 241h Avenue, (Anoka County, Minnesota, PID Nos. 13-31-
22-14-0001, 13-31-22-13-0002, 13-31-22-12-0002, and 13-31-22-11-0001), at a base purchase
price of $2,425,000.00 in accordance with the provisions of the purchase agreement, is hereby
approved. The Mayor and City Clerk are authorized to execute the purchase agreement on
behalf of the City. The Mayor and Clerk are authorized and directed to sign all other necessary
closing documents on behalf of the City and the City Council.
BE IT FURTHER RESOLVED, that the City Attorney is hereby authorized to make any non -
substantive changes to the agreement, other than purchase price, prior to execution by the
Mayor and Clerk
Adopted by the City Council of the City of Lino Lakes this 13th day of January, 2025.
,:I-, �- �&-rt
o Rafferty, Mayor
ATTEST:
Roberta Colotti, CIVIC, City Clerk