Agenda - Council - 05/25/1999 - Laserfiche WebLink

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I I I I I I Summary Proposal City ofRamsey - Maken Property April 30, I999 General Description RRA would provide project management services including planning, ct)ordination, and oversight of a team of experts to achieve the goal of redevelopment of the site known as the Maken property. Project Team The team would consist of RRA, Braun Intertec, and engineering firm, and a financial consulting firm. RRA will work with the City and its consultants, such as Advance Resources, to ensure that the project moves quickly and efficiently, taking advantage of available information and work that has akeady been completed. Tasks (Parts 1 & 2) Part 1 Estimate clean up and other site preparation costs RRA would use Braun Intertec to conduct an ASTM Phase I environmental assessment (records search and site examination) to get a preliminary assessment of the history of environmental contamination on the land, and to determine whether more in-depth research regarding possible contamination would be needed. On the basis of this work, preliminary cost estimates for clean-up would be provided to the City. Analyze financial impacts and model various scenarios for development of the land RRA would work with financial advisors to review TIF considerations, and to determine land value, tax revenue consequences, and other financial impacts associated with redevelopment of the land. All cash flows would be included in a model that would display the possible impacts of a range of financial variables. ~Estimated cost for Part 1 Tasks: $15,000 - $.25,000 Part2 o Arrange for City to acquire land RRA, working with City staff, would contact present owners to discuss possible purchase of property. RRA would proceed to negotiate a purchase on behalf of the City, or to prepare documentation to support possible condemnation proceedings. If condemnation is necessary, RRA would work with the City's legal advisors to achieve a successful condemnation. o Oversee site clean up and preparation costs RRA would analyze options for the City, and prepare a recommendation regarding steps to be taken to prepare for marketing of the property. RRA would work with the City to align the site preparation work with the City's goals regarding the type of business that should be attracted to the site.