Minutes - Council - 01/13/2015 - Laserfiche WebLink

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Asst. City Administrator/Economic Development Manager Brama described the pros and cons of three access alternatives: a cul -de -sac (not supported by staff); realigning Krypton Street to connect to Nowthen Boulevard and across to 151S Street (not supported by Anoka County and estimated at $510,000); and, wrapping Krypton Street internal to the site (preferred by Anoka County and estimated at $310,000). Asst. City Administrator /Economic Development Manager Brama presented net proceeds, noting they are highly variable. He explained the option to use Anoka County HRA dollars to resolve access to the site. Net proceeds will range from $101,887 to $301,887 depending on whether Anoka County HRA dollars are used and the access alternative selected. $130,0 total property taxes would be generated by 47 units, or about $35,000 annually to the City of Ramsey in new taxes. He reported that the Parks Commission will be considering this project. Asst. City Administrator/Economic Development Manager Brama presented the two alternatives before the Council and staff's recommendation to approve the Purchase Agreement as the terms are favorable. Councilmember Kuzma asked about the street alternatives to provide access, who is responsible for the cost to create that access, and the option to use Anoka County HRA funds. Asst. City Administrator /Economic Development Manager Brama reviewed the history of access to this site, which has been an outstanding issue. He stated the City's Anoka County HRA account has a balance of over $800,000 available for redevelopment projects and staff finds this would be an appropriate use for those funds. Community Development Director Gladhill explained why the issue of access was not resolved when the Meadow Plat was considered. Councilmember LeTourneau stated the issue needs to be resolved to address access by Public Works and emergency vehicles, not just to accommodate this project. Councilmember Riley stated this is really a net offer because the purchase is requiring the buildings to be removed. He asked if the net offer is in an acceptable range. Asst. City Administrator/Economic Development Manager Brama stated if the cost to remove the OMC buildings is deducted from the purchase price, it is within the deal range. Brian Pankratz of CBRE stated that is correct and when this was originally considered, it was not known that access needed to be resolved. Councilmember Riley stated other than providing a clean site, no assistance is being requested. He noted this site has been discussed extensively and all supported a residential neighborhood, which also fits the zoning. He agreed that access is an issue that needs to be addressed eventually. City Council / January 13, 2015 Page 9 of 15