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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, Minnesota was duly held on the 29th day of January, 2018, at 6:00 p.m. The following members were present: Laliberte, McGehee, Willmus, Etten, and Mayor Roe, and the following were absent: none. Member Willmus introduced the following resolution and moved its adoption: RESOLUTION No. 11487 RESOLUTION APPROVING THE PURCHASE/SALE OF CERTAIN LAND BY THE CITY OF ROSEVILLE WHEREAS, Roseville Center Limited Partnership, a Minnesota limited partnership ("Roseville Center") owns certain real estate located at 2719 Lexington Avenue in Roseville, Minnesota, as legally described in the attached Agreement in Lieu of Condemnation("Lexington Property'); and WHEREAS, the City of Roseville ("City") owns certain real estate located at 2501 Fairview Avenue in Roseville, Minnesota, as legally described in the attached Option Agreement ("Fairview Property"); and WHEREAS, the City has determined that, in lieu of acquiring the Lexington Property by eminent domain, it should acquire the Lexington Property pursuant to the Agreement in Lieu of Condemnation between the City and the Seller in substantially the form attached hereto; and WHEREAS, one of the terms of the Agreement in Lieu of Condemnation is that the City will execute an Option Agreement concerning the Fairview Property between the City and the Seller in substantially the form attached hereto. NOW, THEREFORE, BE IT RESOLVED, by the City Council ("Council") of the City of Roseville,Minnesota as follows: 1. The Council approves the Lexington Property purchase, including the execution of the Management Agreement between the Seller and the City upon the closing of the Lexington Property purchase. Approval of the Agreement in Lieu of Condemnation is subject to modifications that do not significantly alter the substance of the transaction and that are approved by the City Attorney, provided that execution of said Agreement shall be conclusive evidence of approval.