Minutes - Council - 11/07/1994 - Laserfiche WebLink

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something to report to Council; however, there is nothing to report. Therefore, no action is necessary. Case #4: Insurance Agent of Record for 1995 Finance Officer Hart stated that on December 14, 1994, the current insurance service agreement between Agent of Record Michael Hadtrath and the City of Ramsey will expire. The upcoming term of service would begin December 15, 1994, and continue and remain in effect for a period of one year unless it is terminated prior to December 14, 1995, by either party, giving the other 90 days prior written notice of termination. Mr. Hadtrath of Corporation 4 Agency, Inc. (formerly Hadtrath & Associates Inc.) has been the Agent of Record for Ramsey since December 15, 1988. Mr. Hadtrath has indicated he will perform the professional services rendered as insurance Agent of Record for the period of December 15, 1994 to December 14, 1995, for a fee of $2,200.00, the same amount as the current years agreement. Motion by Councilmember Peterson and seconded by Councilmember Hardin to appoint Corporate 4 Agency, Inc. as the 1995 Agent of Record and authorize the Mayor and City AdminisUator to enter into a contract for these services. Motion carried. Voting Yes: Mayor Gilbertson, Councilmembers Peterson, Hardin and Zimmerman. Voting No: None. Absent: CouncilmemberBeyer. Motion by Councilmember Peterson and seconded by Mayor Gilbertson to authorize Mr. Hadtrath to begin the bidding process for all 1995 insurance coverages. Motion carried. Voting Yes: Mayor Gilbertson, Councilmembers Peterson, Hardin and Zimmerman. Voting No: None. Absent: CouncilmemberBeyer. Case #$: Ramsey 67/McKinley Street City Administrator Schroeder stated that for a number of years, the City of Ramsey has been negotiating with the owners of property in the McKinley Street project area between the City of Anoka and Sunfish Lake Boulevard N.W. The right-of-way negotiations have not been successful. Early on in the process, the owners were going to give the right-of- way to the City with the idea of not being assessed for the project. Councilmember Beyer arrived at 7:53 p.m. Mr. Schroeder continued that most recently, the City has been negotiating with Ramsey 67 Partnership for purchase of property greater than the right-of-way areas, for two reasons. The City has not been able to acquire the right-of-way at an acceptable negotiated price. We believe that for slightly more money we can provide development parcels which will not be encumbered with market pricing escalated by City infrastructure. The City had proposed to Ramsey 67 that it would purchase all of their property north of McKinley Street. There was not a big difference in price, but they wanted a guarantee of no future assessments due to McKinley Street, against the property they would continue to hold. This would amount to about $187,000. Due to that, the City is proposing to buy the entire 38.05-acre parcel. The price we offered is $191,924 ($5,044 per acre). They have countered at $228,300 ($6,000 per acre). If the City's total cost is $225,000, $6,200 is needed per acre of marketable land plus utilities and road costs to break even. Mr. Schroed~r reported that he had been told that the Detail Tool site has a bank appraisal at $26,000 per acre, with service to the property. Therefore, it appears that the City could cover its costs at this purchase price. More importantly, the City would be in control of City Council/November 7, 1994 Page 7 of 13