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commitment to rent to $36,000 the first year, $37,800 the second year and so on. The taxes on the property <br />were $41,241 and $43,554 respectively during these timeframes. This action would eliminate the requirement <br />to spend over $5,000 annually to make up for the difference in the taxes and the rent that Bury and Carlson and <br />the City pay annually. <br />Attachments: <br />Map showing the parcel location <br />Anoka County Properly Account summary <br />Excerpt from the signed lease agreement <br />Action Statement: <br />Give Staff approval to move this forward to City Council and have the City Attorney prepare a lease agreement <br />termination notice for 10 acres of the Bury and Carlson site located at 14251 Jaspar Street NW. This notice <br />would be effective and the City of Ramsey Public Work Staff would gain access of this property on April 1, <br />2011. <br />Review Checklist: <br />City Attorney <br />Finance Officer • <br />Planning Manager <br />City Administrator <br />CCWS: os.o9.l0 <br />• Page 2 <br />