Agenda - Council - 12/10/1996 - Laserfiche WebLink

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City of Ramsey 15153NOWTHEN BOULEVARD N.W., RAMSEY, MINNESOTA 55303 PHONE (612) 427-1410 FAX (612) 427-5543 TDD (612) 427-8591 The City of Ramsey has for sale and development approximately 21.7 acres of residential property located along 153rd Avenue just west of Sunfish Lake Boulevard as shown on the attached map. The City is interested in receiving proposals from interested parties for the development of this property. The property is currently zoned for single family housing. Development of the property in a manner that includes other than single family detached housing will be considered. However, neighborhood involvement and concurrence with the development proposal is of utmost importance and the City Council is most interested in a development that includes low to moderate urban densities. The site is adjacent to a 1970's era residential subdivision developed at rural densities. It is preferred that the property will be sold to one buyer and that that buyer will install infrastructure as a private project. If the buyer proposes a public project, 30 percent overhead will be assigned to construction costs with assessment terms at five years at 8.5 percent. The City expects to dispose of this property to the highest responsible bidder. Considered in determining the bid award will be: 1. Payment for the property; sale on terms will be considered but will be analyzed based upon a present value analysis. 2. Market value of the proposed project (the developer will sign an assessment agreement with a total project and structure minimum value with a tax deficiency provision). 3. Conformance of the project to the neighborhood (developer will be expected to subrrfit a plan for citizen participation to ensure surrounding properties have been fully apprised of the project prior to project construction. -4. Timeliness of construction or project phasing. A development escrow will be required to assure timely completion, The City wilI be dedicating proceeds from this sale as well as park dedication fees from the .development toward construction of the 80-acre park just south of the development parcel (south of 153rd Avenue). The City's Capital Improvements Program has planned for this park development by 1998. Planning park development and phasing will be completed by February, 1997. A preliminary concept is attached. The City expects to make municipal water and sewer trunk available to the site during I997. Any off-road mail development that occurs coincident to this development is expected to occur on the south side of i53rd Avenue and not on the development parcel. Primary municipal fees associated with this property as of 1996 are as attached. Some changes are expected for 1997. The City contemplates receiving letters of intent from interested developers/builders. The City will then negotiate a purchase and development agreement with the chosen developer utilizing our standard development process. Upon the decision to work toward an agreement with a single I I I I I I I I I I I I I I I I I