Agenda - Council - 01/14/1997 - Laserfiche WebLink

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I I CASE #.~ DEVELOPMENT OF CITY OF RAMSEY RESIDENTIAL PARCEL By: Ryan R. Schroeder, City Administrator I I I Background: On October 8, 1996, Council authorized the receipt of proposals for development of a 21.7 acre parcel, north of 153rd Avenue and west of Sunfish Lake Boulevard, currently owned by the City. On October 24, 1996, and January 2, 1997, we held neighborhood meetings conceming this development. Between the two meetings, we have received input from representatives of ten households from the surrounding area. On November 11, 1996, we received expressions of interest from three developers. On November 27, 1996, we forwarded subdivision concept plans, drafted by staff upon neighborhood input, to the three prospective developers. On December 6, 1996, we received purchase offers from each of the three developers. On December 10, 1996, Council directed that we complete negotiations with the apparent high bidder. At the same meeting, Council introduced an ordinance authorizing the sale of this property. As you know, most subdivision considerations do not have the advantage to the adjacent property owners of City involvement at this stage in the development. City ownership of this parcel allows for the City, as seller, to dictate development issues as part of the purchase agreement in addition to the usual compliance with subdivision regulations. As a result of this, and input from the neighbors, we have negotiated changes to the purchase agreement which dictate that this property will not be developed at a density greater than 38 single family homes. The plat, which is contemplated as a result, has lot widths adjacent to the existing rural properties averaging an estimated 120 feet (varying from approximately 90 feet on up). This also will result in the proposed construction of no more than 17 homes on the north side of the plat adjacent to the existing 23 homes to the north. Finally, the agreement mandates further agreement by the developer (by development agreement) that market values of the development will be at acceptable levels. The developer has represented that these values will be in excess of $150,000. Proposed Council action at this time is ratification of the purchase agreement and adoption of the ordinance allowing for the disposition of this property. This action will set into motion the drafting of the development agreement contemplated by the purchase agreement as well as the plat review process (by the Planning Commission and again by the Council expected in February and March, 1997). Staff would also continue tasks related to development of Alpine Park to which the proceeds of this sale are dedicated within the Capital Improvements Program. The actual park development is expected to be initiated in 1997, and continued in 1998, with sale proceeds. Development sufficient to complete all aspects of the park will need to be in phases beyond that time frame. Council Action: Motion to adopt Ordinance 97-XX selling Certain Public Land in the City of Ramsey (ROI JL CALL VOTE) 0J'~O~D4~..I~~-,,~ fi"~ ~~ ~;o-~ 0~ Motion to authorize the Mayor and ~to~ t0 enter into the purchase agreement on behalf of the City with KC Land Company for sale of Outlots A and B, Alpine Addition. Reviewed by: City Administrator CC: 01/14/97 /jmt