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ver <br />Resolution 21- 40 <br />A Resolution Approving a Conveyance of Pinewood Golf Course to AJT <br />Holdings, LLC <br />WHEREAS, the City of Elk River ("City") desires to convey the Pinewood Golf Course to AJT <br />Holdings, LLC pursuant to the terms and legal descriptions provided in the attached Purchase <br />Agreement, attached hereto as Exhibit A ("Agreement"); <br />WHEREAS, the Planning Commission has reviewed the proposed conveyance and has determined <br />that it is consistent with the City's comprehensive plan; <br />WHEREAS, the City finds that the sale of Pinewood Golf Course as provided in the Agreement is <br />in the public's interest and furthers the aims and purposes of the City; <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, <br />Minnesota, as follows: The Agreement is hereby approved, and the Mayor and City Clerk are <br />hereby authorized to execute and deliver all necessary documents required under the terms of the <br />Agreement. <br />Passed and adopted this 7"' day of June 2021. <br />Jo J. ietz, or <br />ATTEST: <br />Tina tlllard, ity -lerk <br />215771v2 <br />