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City <br />ver <br />Resolution 22-23 <br />A Resolution Approving a Corrective Deed <br />WHEREAS, the CityT of Elk River ("CityT") approved a Purchase Agreement for the conve�Tance of <br />the property located at 413 Proctor Avenue NW, Elk River, Minnesota ("PropertyT") to Egan <br />Properties, LLC ("Egan") by Resolution No. 21-47 ("Purchase Agreement"); <br />WHEREAS, the closing on the Purchase Agreement occurYed on August 25, 2021, but the deed <br />conveyTed at closing failed to include all parcels recognized as part of 413 Proctor Avenue, NW <br />which provide the parking areas for the PropertyT; <br />WHEREAS, a corYective deed is necessaryr to include the additional paYcels, as provided in E�ibit <br />A attached hereto ("Corrective Deed"); <br />NOW, THEREFORE, BE IT RESOLVED byT the CityT Council of the City of Elk River, <br />Minnesota, as follows: The Mayor, Cit�r Administrator, and City Clerk are hereby authorized to <br />execute and deliver the Corrective Deed and all necessar�T documents and closing costs necessary to <br />Yecord the CoYYective Deed. <br />Passed and adopted this 2nd dayT of MayT, 2022. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />221573v1 <br />