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City of <br />UL <br />�1'�i+EY' Councilmember Wagner introduced the following resolution and moved to <br />adoption: <br />Resolution 15 -24 <br />A Resolution of the City of Elk River Resolution Approving the Purchase of <br />Real Property <br />WHEREAS, the City is proposing to acquire property ('Property ") legally described in the <br />proposed Purchase Agreement between the City and Cornerstone Elk River LLC ( "Seller ") <br />attached hereto as Exhibit "A" { "Purchase Agreement ") under the terms set forth in the <br />Purchase Agreement; and <br />WHEREAS, on May 26, 2015, the City of EIk River Planning Commission reviewed the <br />acquisition of the Property and determined that acquisition was consistent with the City's <br />comprehensive plan. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The Purchase Agreement is hereby approved, and the Mayor <br />and City Administrator are authorized and directed to execute all documents, and take all <br />appropriate measures to acquire the Property under the terms of the Purchase Agreement. <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br />Olsen and, after full discussion thereof, and upon a vote being taken thereof, <br />the following voted in favor thereof. Mayor John J. Dietz, Councilmembers Jerry Olsen, <br />Hatt Westgaard, Barbara Burandt, and Jennifer Wagner <br />and the following voted against same:no one. <br />Passed and adopted this V day of June 2015. <br />J J. ietz, r <br />ATTEST: <br />f -7 <br />Tina Allard, City Clerk <br />NATURE <br />