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Mayor Gamec stated that he wanted the representative from the PACT school to understand that <br />if the sale of the property does not go through, any money the school has spent preparing to build <br />the building on the property will be at their own risk. <br /> <br />Councilmember Elvig inquired if the piece of the property' for the school could be deeded out <br />from the rest of the parcel. <br /> <br />Mayor Gamec replied that he would assume that the school would research all that information <br />and in his opinion those types of discussions would be between the school and the landowner. <br /> <br />Councilmember Cook stated that the Town Center is going to be a master plan community, <br />which will require grading of the entire site. He inquired if the entire site will have to be graded <br />in order for school project to proceed. <br /> <br />Mr. Bosacker explained that in his discussions with Ramsey Town Center LLC they have <br />indicated that they would identify the area for the school as priority for grading. Their desire is <br />to have the school parcel be part of the master plan. He assumes that they will probably not be <br />able to start their project until after the master plan for the site is approved.~ <br /> <br />Mayor Gamec inquired if they were not looking to start construction in June. <br /> <br />Mr. Bosacker replied that they would like to start the school in June, but they would be okay with <br />starting in July. <br /> <br />Councilmember Strommen stated that the Town Center is going to be a planned community and <br />she wants to see the entire plan before they start building on the site. What will make the project <br />work is making sure that all of the pieces work together. She stated that she thinks the school is <br />a great idea, but she was concerned about developing, the site in pieces. <br /> <br />Councilmember Elvig stated that the Town Center is being developed as a key tax base for the <br />City of Ramsey and he would have to be very confident on what the costs will be and what the <br />revenue will be. He personally would want to see the fiscal impact study before taking a parcel <br />off the tax book. He inquired if the school will provide revenues for the Town Center and what <br />incentives does the Ramsey Town Center LLC group have to offer the City. The fact that the <br />school is non-profit would concern him that there is the potential for the school to fail over time <br />and in fact if that would happen he would suggest that the ownership of the building turn to a <br />profit based business so that the property is put back into the tax pool. <br /> <br />City Administrator Norman replied that the fiscal' impact analysis is still being completed, but <br />staff has received some preliminary figures that gave him some confidence to recommend that <br />representatives from the PACT school proceed tlxrough the appropriate process. The early <br />figures indicate that the City's revenues, from the Town Center will be $2.8 million almually with <br />the PACT School and $2.7 million without the school. He also noted that staff has begun some <br />separate negotiations in regards to the PACT charter school with the Ramsey Town Center LLC <br /> <br />City Council/March 4, 2003 <br /> Page 3 of 16 <br /> <br />-113- <br /> <br /> <br />