Res. #18-005 - Authorizing Conveyance of Real Property to Jon & Sophie Pederson

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CITY OF CENTER VILLE RESOLUTION#18-05 RESOLUTION AUTHORIZING CONVEYANCE OF REAL PROPERTY TO JON AND SOPHIE PETERS(. N AND ASSIGNMENT TO RUFFRIDGE-JOHNSON 1031, LLC WHEREAS,the City of Centerville desires to sell real property legally described as Lot 2, Block 1, Clearwater Business Park, Anoka County, Minnesota, also identified by Property Identification Number 24-31-22-23-0017; hereinafter referred to as the Subject Property. RMEREAS, the City desires to sell the Subject Property to Jon R. Pederson and Sophie Pederson,husband and wife, acting as individuals; hereinafter referred to as the Buyer. RrHEREAS, the sale of the Subject Property is consistent with the is of the City's Comprehensive Plan. EREAS, the City entered into a Purchase Agreement with the Buyer on May 28, 2017, for the sale of the Subject Property. Attached as Exhibit A. WHEREAS, the Purchase Agreement allowed the Buyer to assign their rights under the Agreement to a third party; the Buyer has assigned their rights for the sale of the Subject Property to Ruffridge-Johnson 1031, LLC, a Minnesota limited liability company, and the City shall issue a warranty deed to Ru.ffridge-Johnson 1031,LLC, Vv'HEREAS, the City must appoint representatives, in the City Administrator and/or the City Attorney, to represent the City and to affect the purposes of said Purchase Agreement and for all purposes related to the Closing of this property transaction. NOW, THEREFORE, IT IS HEREBY RESOLVED AND KNOWN TO ALL, that the City of Centerville, DOES SELL AND CONVEY OWNERSHIP of the Subject Property to the Buyer consistent with the terms of the Purchase Agreement and subject to conveyance of the attached easement to the City. FURT , IT IS HEREBY RESOLVED, that the City of Centerville designates its representatives and signators as City Administrator, Mark Starz, and City Attorney Kurt Glaser, for all purposes necessary pursuant to the Purchase Agreement and to make the sale of Subject Property as set forth in this RESOLUTION.