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I <br />I <br />I <br />I <br />1 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Case #3: <br /> <br />Authorization of Development Agreement with Anoka County Comm~ <br />Action Program, Inc. <br /> <br />City Administrator Norman stated that the City of Ramsey entered into a <br />with the Anoka County Community Action Program, Inc. (ACCAP) on <br />purchase agreement would allow for the sale of the City-owned <br />T.H. ~47 and soon to be built Sunwood Drive. The purchase <br />development agreement would be executed between the parties, <br />of the property owned by the City to ACCAP. Staff has <br />agreement and is now prepared for Council consideration. <br />the sale of the property owned by the City for <br />document further states that a tax increment financin <br />proposed housing development. Further, the <br />neighborhood development agreement, whereby <br />the adjacent neighborhoods regarding a proposed housing <br />is spelled out in the purchase agreement executed on <br />obligates the City to enter into the development agreement. <br /> <br /> The <br /> inters~ <br /> )died'out <br /> the <br /> development <br /> calls for <br />the amount of $265,000. The <br />wall he,created to support <br /> to an ~t~'chment described as <br />are maae~e~,.een ACCAP and <br /> ,pment agreement <br /> which contractually <br /> <br />Councilmember Cormolly stated <br />interest in running one of the <br />reason she will abstain from <br /> <br />5cussl'ons. <br /> <br />companies she w( <br /> Dosed ACCAP <br /> <br />~as expressed an <br /> and for that <br /> <br />Councilmember Anderson inquired abm <br />agreement. <br /> <br />DC~itsYtfiAc~wm~~'~e~Pvl:~n~ thatthe <br /> . <br />Count er Anden that A( <br /> <br />to TIF <br /> <br />No. 9 in the development <br /> <br />No. 9 is only proposed at this point. The <br /> <br />request was for a TIF District and inquired <br /> <br />Jeff Johnson, <br /> <br /> that they did request that a TIF District be developed to assist them <br />housing project. <br /> <br />Counciln if the plan includes 28 or 31 units. <br /> <br />Mr. Johnson r~.l,.ied that the Council's TIF Resolution calls for a project of 40 units or less. At <br />this time based!!~'~ the Council's action of two Weeks ago ACCAP does not have a proposal in <br />front of the Cotmml, but they are still looking to purchase the land. <br /> <br />~r Anderson inquired in regard to the neighborhood agreements. <br /> <br />City Council/December 12, 2000 <br /> Page 7 of 25 <br /> <br />-69- <br /> <br /> <br />