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Loan in Connection with Tax Increment Financing District No. 2 and Adopt Resolution #10 -12- <br />274 approving the Terms of Up to a $500,000 Interfund Loan in Connection with Tax Increment <br />Financing District No. 14, contingent upon the approval of the Purchase Agreement and <br />Development Agreement by the HRA. <br />Further discussion: Councilmember Dehen stated he was opposed to the 3.9 in subsidy. <br />Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Wise, Look, Elvig, and <br />McGlone. Voting No: Councilmembers Dehen and Jeffrey. <br />7.10: Approve the Agreement Between the City of Ramsey and Scott Robinson and John <br />Amundson, dba, Wheels of Thunder <br />City Administrator Ulrich reviewed the staff report. <br />Councilmember Jeffrey stated he wanted this business to be consistent with the rate schedule and <br />that the vendor did not have the ability to cut deals without direct City approval. <br />City Administrator Ulrich responded these issues had been addressed. <br />Councilmember Dehen stated he had expressed concerns at the worksession regarding this <br />vendor. <br />Mayor Ramsey stated he also would not renew a contract with the type of issues the City has <br />had, but this vendor owed the City money and the only way to recoup the money was to do <br />another contract with the vendor. <br />Motion by Mayor Ramsey, seconded by Councilmember Look, to approve the Agreement <br />Between the City of Ramsey and Scott Robinson and John Amundson, dba, Wheels of Thunder. <br />Motion carried. Voting Yes: Mayor Ramsey, Councilmembers Look, Elvig, McGlone, and <br />Wise. Voting No: Councilmembers Dehen and Jeffrey. <br />7.07: Approve Settlement Agreement with Rick Foster and Rivers Bend Holdings, LLC <br />for the Acquisition of Right -of -Way for Trails Adjacent to Highway 47 and Right- <br />of- Access from Highway 47 for the Property Legally Described as: Outlots A, B, C, <br />D, and E, River's Bend 3rd Addition, Except Those Parts Platted as Ramsey Office <br />Park and Holiday Acres <br />City Attorney Goodrich noted that this meeting can move into closed session to discuss a <br />Settlement Agreement with Rick Foster and Rivers Bend Holdings, LLC for the Acquisition of <br />Right -of -Way for Trails Adjacent to Highway 47 and Right -of- Access from Highway 47 for the <br />property legally described as: Outlots A, B, C, D, and E, River's Bend 3` Addition, Except <br />Those Parts Platted at Ramsey Office Park and Holiday Acres. <br />City Council / December 14, 2010 <br />Page 17 of 19 <br />