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RELEVANT LINKS: <br /> • The meeting must be tape-recorded and the property must be identified <br /> on the tape. The recording must be preserved for eight years, and must <br /> be made available to the public after all property discussed at the <br /> meeting has been purchased or sold or after the public body has <br /> abandoned the purchase or sale. <br /> • A list of council members and all other persons present at the closed <br /> meeting must be made available to the public after the closed meeting. <br /> • The actual purchase or sale of the property must be approved at an open <br /> meeting, and the purchase or sale price is public data. <br /> IV. Real estate professionals <br /> Minn.Stat.§82.81.Minn. Real estate brokers, salespersons, and closing agents are licensed by the <br /> Stat.§82.641. <br /> state. Although there is no specific statutory authority for use of these <br /> professionals by cities, it is probably permissible for cities to retain such <br /> professionals if needed. <br /> Minn.Stat.§82B.03. Real estate appraisers are licensed by the state. Only a licensed appraiser is <br /> allowed to do real estate appraisals. When choosing an appraiser, a city <br /> should ask for references. In addition, a city should request that the appraiser <br /> supply the following information: <br /> • The appraiser's full name. <br /> • The appraiser's license number. <br /> • Whether the appraiser is exempt from licensing. <br /> • The length of time the appraiser has been in business. <br /> Call the Minnesota After getting the above information, a city should contact the Minnesota <br /> Department of Commerce at <br /> (651)296-6319 or 800-657- Department of Commerce. The Department of Commerce can verify the <br /> 3978. level at which the appraiser is licensed, and sometimes provide additional <br /> information on the appraiser's past performance. <br /> League of Minnesota Cities Information Memo: 1/22/2015 <br /> Purchase and Sale of Real Property Page 24 <br />