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<br /> <br />.SA Dellign. Inc. <br />:Joe Fio;lndal Plar.a <br />,20 S. Sixth $tr"l:H'\t <br />>uite 1700 , <br />>'IinMapolis, MN 55402 <br />". 612,:139.8729 <br />'. 612339.7433 <br />wvw.l!i;ad"signil1<;:xotr1 <br /> <br />'lill1ning <br />\;'chitecture <br />Jrban Design <br /> <br />July 23, 2008 <br /> <br />Kurt Ulrich <br />City Administrator <br />City of Ramsey <br />Municipal Center <br />7550 Sunwood Drive <br />Ramsey, MN 55303 <br /> <br />RE: Consulting Services for Ramsey Town Center <br /> <br />Dear Kurt: <br /> <br />Based on our meeting of July 21, I have revised my original proposal into a Three <br />Phased approach. <br /> <br />PROJECT UNDERSTANDING & GOAL <br />Ramsey Town Center is currently stalled in a foreclosure action based on the <br />banks' inability to attract any potential buyers. Additionally, the project is <br />beginning to show signs of financial distress with selected parcels being late with <br />property tax payments and payments on assessments. <br /> <br />The Goal of this work will be to determine the best and most financially sound <br />approach to re-igniting Ramsey Town Center development. <br /> <br />PROJECT APPROACH AND SERVICES <br />PHASE ONE <br /> <br />1. Complete an assessment of all remaining properties with respect to: <br />current physical improvements, financial obligations (public and private), <br />ownership and title, assessments and taxes due and payable. <br />2. Prepare an analysis of the remaining land area and re~calculate potential <br />densiti~s b~se9 em various develop~ent options including!a~g~e format <br />retail, housing (rental, affordable, and owner occupied), revised parking <br />demands, park improvements and infrastructure requirements. <br />3. Review the Development Agreement and Amendment #1 and clearly <br />identify the opportunities to re-position the document to allow for a llmarket . <br />driven" economic solution, including but not limited to assessments, park <br />requirements, storm water improvements and parking demand and <br />allocation. <br />4. Based on the results of the existing conditions assessment, land area <br />calculations and densities, and opportunities to re~consider the <br />Development Agreement, wewill Preparation of a Plan of Finance to <br />purchase either all or portions of the RTC. This price will be based on a <br />preferred concept plan that itemizes costs of changes in roadway and land <br />geometry, public infrastructure modification and revised park <br />improvements. This work will also include detailed appraisals as this will <br />