Agenda - Council - 05/23/1995 - Laserfiche WebLink

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City of Ramsey 15153 NOWTHEN BOULEVARD N.W., RAMSEY, MINNESOTA 55303 PHONE (612) 427-1410 FAX (612) 427-5543 TTD (612) 427-8591 I I I I I I I i I I February 3, 1995 Mr. Allen Koenig 14290 Sunfish Lake Blvd. N.W. Ramsey, MN 55303 Dear Mr. Koenig: I appreciated the opportunity to discuss the Huffman property at 5860 - 141st Lane N.W. on Februa~ 2, 1995. You mentioned that you have had plans to remodel this home for quite some time and, in fact, have a meeting scheduled with the architect on February 4, 1995. The intent of this meeting is to go over interior remodeling plans. You mentioned that your intent is to reorient the house so that the old rear of the property now becomes the front. Further, that you will be adding a garage and a 4' x t6' addition to the front of the hodse. Your interior remodeling plans include moving the kitchen to the upper level, remodeling the dining room, master bedroom, and general updating. While ~ou had intended to start this project last summer, you now expect it to be completed during the summer of 1995. As such, you have previously notified the tenants that they are to vacate the property by the end of February 1995. On January 27, 1995, you were notified of the City's intent to withhold payment on the Tax Increment Revenue note until this property is in compliance with all provisions of the 1991 Development Agreement and City Code. We further discussed the formula for repayment of the note in :this and future years. Regarding the formula, Finance Officer Jessie Hart will be working with the County and the three developers to clarify any discrepancies in repayment calculations. Regarding the default on the Development Agreement, upon the above assurances, we will maintaining an escrow account in the mount of 150 percent of expected driveway construction costs from the proceeds of the Revenue Note. The construction is estimated at $1,200; therefore; the balance, minus $1,800, is being forwarded to you at this time ($1,200 x 150%). Thank you for your cooperation and understanding regarding the above. We look forward to receiving your building permit application in the near furore. Sincerely, Ryan R. Schroeder City Administrator RRS:ccr ? cc: City Council Steven Jankowski, City Engineer Jessie Hart, Finance Officer I I I I I I