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LA515\146\976231.v1 <br /> CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION NO. 2024-007 <br />A RESOLUTION APPROVING A PURCHASE AGREEMENT FOR PROPERTY <br />OWNED BY FONDA OLSON <br /> <br /> WHEREAS, Fonda Olson (“Ms. Olson”) is the owner of property legally described on the <br />attached Exhibit A (the “Property”), which consists of approximately 37.1 acres; and <br /> <br /> WHEREAS, Ms. Olson desires to sell 32 acres of the Property to the City; and <br /> <br /> WHEREAS, the City and Ms. Olson desire to enter into a purchase agreement, pursuant to <br />which Ms. Olson will sell 32 acres of the Property to the City; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED, <br /> <br />1. That the City Council hereby approves the Purchase Agreement in substantially the <br />form presented to the City Council, subject to modifications that do not alter the <br />substance of the transaction and that are approved by the Mayor and City Clerk, <br />provided that execution of the Purchase Agreement by those officials shall be <br />conclusive evidence of their approval. <br /> <br />2. City officials, staff, and consultants are authorized to take all actions necessary to <br />perform the City’s obligations under the Purchase Agreement as a whole, including <br />without limitation, execution of any documents to which the City is a party referenced <br />in or attached to the Purchase Agreement, and of any deed or other documents <br />necessary for the Property to be conveyed by Ms. Olson to the City, all as described in <br />the Purchase Agreement. <br /> <br /> <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE ________ DAY OF <br />_____________, 2024. <br /> <br />CITY OF LAKE ELMO <br /> <br /> <br />By: __________________________ <br /> Charles Cadenhead <br />(Seal) Mayor <br />ATTEST: <br /> <br />________________________________ <br />Julie Johnson <br />City Clerk