Minutes - Council Work Session - 04/23/2013

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Finance Director Lund stated there was one viable response. Councilmember LeTourneau asked if non -RALF properties would be under this contract. Finance Director Lund stated they would not and if non -RALF properties were in the contract, it would have to be paid by City funds as it would not be RALF eligible. The consensus of the Council was to support entering a property maintenance contract with Premier Properties at $200 per month per site for the six RALF properties. 2.03: Memorandum of Understanding (MOU) for the Armstrong Interchange Project City Administrator Ulrich reviewed the staff report and components of the Memorandum of Understanding (MOU) with Anoka County for financing the construction of a highway interchange at the intersection of Armstrong Boulevard and US 10. He stated an accounting of the City's contribution towards this project equaled $7.059 million. It is estimated to be a $35 million project for the full interchange across the railroad tracks and connecting to US 10 from Armstrong Boulevard. The MOU also caps the County and City contributions at $10 million so the City's additional contribution would be approximately $3 million. The MOU would show a commitment by both the County and City to fund the remaining portions of the project and be included as part of the TED grant. Councilmember LeTourneau stated he supports moving forward and asked about reimbursement of the funding source and whether it is contingent upon future land sales. City Administrator Ulrich stated the funding sources are Federal, State, County, and City. The $3 million gap of funding would need to be identified and could come from a general tax capacity increase, bonding, existing TIF Districts, and/or undesignated fund reserves (i.e., Landfill Trust Fund). Councilmember Tossey stated he understands the City would put forward $10 million but the County would reimburse $5 million back to the City. City Administrator Ulrich stated with the MOU, the City is responsible for up to $10 million and has already contributed $7 million. Councilmember Tossey asked what the County's share is. City Administrator Ulrich stated Anoka County would be responsible for up to $10 million and has indicated they put money- $1.7 million - into the Sunwood Realignment Project. Councilmember Tossey asked if that would leave $15 million left to pay for the project. City Administrator Ulrich stated he cannot say for certain but wanted to identify the City's contribution and that a cap of $10 million was in place. City Council Work Session / April 23, 2013 Page 3 of 5