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of Ramsey has identified several future high priority public improvement projects that rely <br />on future property tax revenues from development within The COR. In order to meet future <br />obligations to residents and businesses, the City is not seeking to sell City owned land <br />located within The COR to tax exempt users. <br />NOTE: the City does anticipate a community center to be located within The COR. A <br />community center user may be a tax exempt user. The City welcomes discussion of a <br />community center with prospective developers. <br />F. Professional Services <br />City staff shall make a good faith effort to utilize local businesses for professional services <br />required for land transactions (i.e. Title Commitment, Escrow Agent, Closing Services, ALTA <br />Survey, etc.); subject to competitive pricing. <br />G. Pre -Development Meeting with City Staff <br />Before a PA is executed by the EDA or City Council, the City may require the buyer to meet <br />with the City's development team to discuss project timelines, property specifications, <br />required public infrastructure, land use regulations, and project feasibility (known as a "Pre - <br />Development" meeting by staff). The purpose of this meeting is to confirm that the <br />preliminary project concept is physically, schematically and financially possible. The City <br />may require the buyer sign a non-binding MOU before executing a PA. <br />Staff is authorized to request the buyer supply a concept site plan for this process. A <br />concept site plan is not intended to be a full, detailed site plan, but a generalized concept <br />with sufficient detail to demonstrate compliance with zoning standards. Additionally, if <br />deemed necessary, staff is authorized to request preliminary concept design to be reviewed <br />by the Planning Commission as part of this process. <br />Staff should also consider the feasibility of the proposed project. If staff is unsure the <br />proposed project is feasible for the buyer, staff shall be authorized to require supporting <br />information from the buyer (e.g. statement from bank, developer, or architect, sources -and - <br />uses sheet, etc.). <br />H. Land Sale Ordinance Contingency <br />The City Charter requires an ordinance be passed to sell City owned land. This process can <br />take two to three months. The City shall include a provision in the contingencies section of <br />all PAs requiring a land sale ordinance to be effective before closing. <br />I. Reassignment of Agreement <br />Agreement may not be reassigned without the written consent of the City. <br />POLICY FOR THE SALE OF CITY OWNED LAND Page 6 of 7 <br />