Minutes - Council Work Session - 10/17/2006

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completed, and to provide Council with further information regarding the length of time the moratorium can be extended. Councilmember Strommen noted there is currently a draft greenway plan in place. Information regarding the natural resource inventory assessment will be presented to the Council at the next City Council meeting. Zoning & Recycling Coordinator Anderson indicated the natural resource inventory assessment will require a 6 to 12 month timeframe to complete. 1) Ramsey Crossings Mr. Jim Lasher, LSA Design, provided the following update of the continued negotiations with Robert Muir regarding Amendment #1 of the Exclusive Rights Agreement on the Ramsey Crossings project. Subsidy and Off -site Improvements Mr. Lasher indicated Muir is asking for a subsidy of $3.35 million as a result of the costs of this project. In the original RFP, it was asked that Muir provide the City with a cash payment of $5.30 million for off -site roadway improvements. After Muir was selected, it was determined that the actual costs for the off -site improvements were $3.50 million. Additionally, the City has requested that Anoka County provide their typical contribution to help cover these costs of approximately 30%, which in this case equals approximately $1.35 million. Mr. Lasher stated in summary, the original costs for off -site improvements of $5.30 million have now been reduced to $2.10 million. To solve Muir's request for subsidy, he is proposing that the City reduce Muir's payment for off -site improvement costs down to $1.75 million. The City will use TIF proceeds to cover the balance of the off -site improvements of $350,000 which are TIF eligible expenses. Land Acquisition Mr. Lasher stated at the last City Council work session he was directed to attempt to negotiate a change in the land acquisition process for the project. He met with Muir today and they continue to work towards this goal. He hopes to have this finalized for the next Council meeting. Council and Mr. Lasher discussed the negotiations with Robert Muir. City Administrator Norman indicated Council will be given an update regarding the continued negotiations prior to the next City Council meeting. They may soon be ready to direct the attorneys to begin drafting the development agreement. Mayor Gamec requested further information regarding the timetable on the project. Mr. Lasher replied originally Muir would have signed the development agreement by the second week in February. At the last Council work session he was directed to cut 30 days and have the development agreement completed by the middle of January. City Council Work Session / October 17, 2006 Page 3 of 8