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RES 26-53�= City of Elk River .ver City Council Resolution 26-53 A Resolution of the City Council of the City of Elk River Approving Conveyance of Real Property to the Economic Development Authority in and for the City of Elk River WHEREAS, the City of Elk River ("City") and The Economic Development Authority in and for the City of Elk River ("EDA') each own a portion of property as legally described in Exhibit A attached hereto ("Property"); WHEREAS, the EDA desires to convey a portion of the Property to an abutting property owner for expansion of an existing building and a parking lot to serve the abutting property; WHEREAS, the City desires to facilitate the EDA's conveyance of the Property by conveying the City's interest in the Property to the EDA by quit claim deed to clear title to the Property; WHEREAS, pursuant to Minnesota Statutes 462.356, subdivision 2, the City Council finds that the proposed conveyance of the Property to the EDA has no relationship to the City's Comprehensive Plan; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: (i) That the City Council finds that conveyance of the Property has no relationship to the comprehensive municipal plan; (ii) The conveyance of the Property to the City is hereby approved and the Mayor and City Clerk are authorized to execute a quit claim deed to the Property and any and all other documents necessary to convey the Property to the EDA. Passed and adopted this 17th day of August 2026. ATTEST: Justin unf rd, City Jerk Vik� Beyer, Actin ayor 11MA TR