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Our Mistionc To work together to reipoiibly grew our comma nityr, and to provide quality, cert-oliBcdwe, and efficient government services. <br />CC Regular Session 7. 4. <br />Meeting Date: 08/25/2015 <br />By: Bruce Westby, Engineering/Public <br />Works <br />Information <br />Title: <br />Adopt Resolution #15-08-212 Approving Memorandum of Agreement for Ramsey Town Center Public Works <br />Improvements <br />Purpose/Background: <br />Purpose: <br />The purpose of this case is to adopt Resolution #15-08-212 approving a Memorandum of Agreement between <br />Anoka County and the City of Ramsey for Ramsey Town Center Public Works Improvements completed as part of <br />the Riverdale Drive extension to Traprock Street, Improvement Project # 12-22. <br />Background: <br />City Improvement Project #12-22 includes the extension of Riverdale Drive between Alpaca and Traprock Streets. <br />The extension of Riverdale Drive includes concrete curb and gutter, bituminous pavement, storm sewer, bituminous <br />pathway, and public utility improvements, which benefit adjacent undeveloped properties by providing access to <br />streets, utilities, and pedestrian pathways. In recognition of this, a Memorandum of Understanding (MOU) was <br />developed by and between the City of Ramsey and the two property owners of the adjacent undeveloped parcels <br />south of the Riverdale Drive extension including Outlot A Tooth Acres, owned by PSG, LLC, and Lot 1, Block 1 <br />The Diamonds, owned by 2-01, LLC. The intent of the MOU, adopted by the City on May 1 Bh, 2013, is to define <br />tentatively agreed upon terms and conditions of the parties to allow definitive legally binding documents to be <br />executed by the parties at a later date, and to provide for the required roadway right of way, trail, drainage and <br />utility easements needed to extend Riverdale Drive through the privately owned parcels. A copy of the executed <br />MOU is attached. <br />During the extension of Riverdale Drive, City staff coordinated construction of all items addressed within the MOU <br />with the LLC's to ensure the terms of the MOU were being met. Included in section 6 of the MOU are conditions <br />related to a parcel owned by Anoka County known as Outlot B Tooth Acres. Section 6.a of the MOU states "The <br />City shall use its best efforts to obtain title to Outlot B Tooth Acres from the County and if successful convey that <br />portion of said Outlot B Tooth Acres designated as "E" to one of the LLC's as they shall select (except that portion <br />retained by the City for the Riverdale Extension)". The intent of this condition is to allow area "E" as shown in <br />Exhibit 1 of the MOU, which is currently a regional stormwater pond, to be transferred to one of the LLC's so it can <br />be filled in and utilized for parking/drive aisles to enhance development of the adjacent parcels, thereby benefiting <br />the LLC's. The City will also benefit through the cross -access potential between the two parcels allowing drivers to <br />navigate between parcels without using Riverdale Drive, thereby reducing congestion and improving safety on <br />Riverdale Drive. This will also benefit the City by requiring the City to maintain one less regional stormwater pond <br />in perpetuity, saving maintenance costs over time. And both the City and the County will benefit from the additional <br />taxes that will be generated by returning this 1.5 acre parcel to the tax rolls. <br />Attached to this case is a Memorandum of Agreement between Anoka County and the City of Ramsey that <br />