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The second alternative is to not vacate existing drainage and utility easements. This alternative would leave areas <br />that would remain un-buildable due to easement restrictions. The proposed Plat would need to be modified to avoid <br />areas of existing easements. Provided that the necessary easements are dedicated on the Plat, these existing <br />easements would be unnecessary. <br />The third alternative is to not vacate the right of way for 147th Circle NW. The City would retain ownership and <br />maintenance obligations for this short roadway segment. In addition, the City Council agreed in a preliminary <br />agreement to vacate this right of way to partially satisfy a local contribution point award for the Developer's <br />Minnesota Housing Finance Agency (MHFA) Section 42 Tax Credit Application. This was in addition to the City's <br />Housing and Redevelopment Authority (HRA) conveying Outlot C, RAMSEY TOWN CENTER 8TH <br />ADDITION. If the City Council chose not to vacate this roadway, and still desired the project to move forward, the <br />local contribution amount proposed was approximately $200,000. <br />Recommendation: <br />Staff recommends that the City Council introduce the ordinance to vacate drainage and utility easements and right <br />of way within the TOWN CENTER GARDENS 3RD ADDITION plat as indicated in the attached legal description. <br />Funding Source: <br />All costs associated with processing the Application are the responsibility of the Applicant. <br />Council Action: <br />Motion to introduce the ordinance to vacate drainage and utility easements and right of way within the TOWN <br />CENTER GARDENS 3RD ADDITION plat as indicated in the attached legal description. <br />Attachments <br />Site Location Map <br />Proposed Site Plan <br />Vacation Exhibit <br />Final Plat <br />Draft Ordinance <br />Excerpt from MHFA Handbook <br />APPROVED Preliminary Agreement to Develop <br />MHFA Local Contribution Presentation <br />Form Review <br />Inbox Reviewed By Date <br />Chris Anderson Chris Anderson 01/17/2013 08:22 AM <br />Kurt Ulrich Kurt Ulrich 01/17/2013 01:29 PM <br />Form Started By: Tim Gladhill Started On: 01/08/2013 08:31 AM <br />Final Approval Date: 01/17/2013 <br />