Agenda - Council - 10/11/2011 - Laserfiche WebLink

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City Administrator Ulrich said the total project cost is $14.2 million, so with the connection to the ramp the City's portion would be $4.7 million. He stated this amount includes the County's contribution to other projects within the District that supports the rail station of $3 million, adding the County can only fund up to 10% of the project, therefore their money will be used in other locations. Mayor Ramsey said the County's Regional Rail Authority wants to contribute $3 million but by State Statute is allowed to only contribute $1.3 million, so they will give us another $1.7 million more for use in other projects, totaling $3 million. Finance Officer Lund stated that one existing TIF District is coming offline in a couple years and if there is a shortfall, we can do short -term borrowing against our existing TIF District to pay back that debt service. Mayor Ramsey noted the funds for this project are not coming from the City's general fund but from TIF District funds. Mayor Ramsey noted the Consent Agenda should be approved prior to approving the Regular Agenda. 4. CONSENT AGENDA City Administrator Ulrich stated Items 5.7 and 5.8 were being removed from the Consent Agenda and included as Items 7.6 and 7.7 under Council Business. Motion by Councilmember Wise, seconded by Mayor Ramsey to approve the following items on the Consent Agenda as amended: 5.1 Receive Cash & Investments for Period Ending August 31, 2011 5.2 Receive July 2011 Financial Reports — General Fund and Enterprise Funds 5.3 Approve the Following Meeting Minutes: 1) City Council Work Session — August 9, 2011 2) City Council Regular — August 9, 2011 3) City Council Special — August 15, 2011 5.4 Approval for Exemption for a Gambling License for the Church of St. Katharine Drexel to Hold a Raffle on October 1, 2011 5.5 Approval of Application from the Ramsey Women of Today to Conduct Bingo at Ramsey Happy Days on September 16 & 17, 2011 5.6 Approve Rental License Application Rental License Rivers Bend Apartments, 13929 St. Francis Boulevard NW, Ramsey, MN 55303 5.7 Approve Memorial Site Easement Agreement Ramsey Rotary and the City of Ramsey 5.8 Consider Change Order for Improvement Project 10 22 Parking Ramp Expansion 5.9 Authorize Requests for Proposals for Audit Services 5.10 Approve Rescheduling November 8 City Council Meeting to November 1, Due to School District Election City Council / September 13, 2011 Page 3 of 12