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CITY OF RAMSEY <br />FUTURE BUSINESS PARK <br />COST SHARING AGREEMENT <br />This Agreement is made by and between the City of Ramsey, a municipal <br />corporation, Hageman Holdings, LLC, a Minnesota limited liability company, and <br />Pearson Properties of Ramsey, LLC, a Minnesota limited liability company. <br />Recitals <br />1. The Future Business Park is an area in the City near the U.S. Highway 10 / <br />Armstrong Boulevard intersection that the City and its Economic Development <br />Authority have targeted for development. Attached as Exhibit A and incorporated <br />herein is a diagram of the Future Business Park area. Hageman Holdings, LLC <br />and Pearson Properties of Ramsey, LLC, ( "Owners ") are the largest property <br />owners within the proposed Future Business Park area. <br />2. The City issued a Request for Quotes from firms to conduct a Traffic Impact <br />Study, Feasibility Report and Preliminary Design Layout ( "the Work ") for <br />improving portions of Bunker Lake Boulevard and Puma Street within the Future <br />Business Park area. A copy of the Request for Quotes is attached as Exhibit B and <br />is incorporated into this Agreement. <br />3. Bolton & Menk, Inc. responded to the RFQ and was selected by the City to <br />perform the Work. Bolton & Menk's proposed cost for the Work is $38,860.00, as <br />described in their Proposal dated January 5, 2015. A copy of the Proposal is <br />attached as Exhibit C and is incorporated into this Agreement. <br />4. Completion of the Work will benefit the Owners and further their efforts to <br />develop their respective properties. <br />