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