Agenda - Council - 10/27/2015 - Laserfiche WebLink

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Further discussion: Councilmember LeTourneau appreciated the input from the residents tonight. He explained that the Council has looked at many options to mitigate the cost for improving the roads. He empathized with the position of the residents but recognized that the roadwork needs to be done and believed that the Council should be consistent in their application of the policy. Councilmember Riley stated that the Council tried to find the best method to be fair. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, LeTourneau, Johns, Riley, Shryock, and Williams. Voting No: None. 7. COUNCIL BUSINESS 7.01: Consider Approving a TIF Agreement between the City of Ramsey and Parkview East LLC (PSD LLC) Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and recommendation to adopt Resolution #15-10-261 authorizing execution of the tax increment financing agreement between the City of Ramsey and Parkview East LLC. Councilmember Riley explained that if construction does not occur on time, that impacts the amount of funds that are available to receive through TIF, as the City only pays out the money as it is received. Councilmember Kuzma noted that this TIF would allow the City to bring in more rooftops which then attracts more development in The COR. Motion by Councilmember LeTourneau, seconded by Councilmember Williams, to Adopt Resolution #15-10-261 Authorizing Execution of a Tax Increment Financing Agreement Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Williams, Johns, Kuzma, Riley, and Shryock. Voting No: None. 7.02: Consideration of Adopting Resolution #15-10-256 Approving Change Order No. 1 for Ridgepoint Development Improvements, Improvement Project #15-21 City Engineer Westby reviewed the staff report and recommendation to adopt Resolution #15- 10-256 approving Change Order No. 1 and amended Assessment Agreement for Ridgepoint Development Improvement, for Improvement Project #15-21, contingent upon approval by the City Attorney. He provided additional details on the change order and further remediation that could be done by a developer in the future. He provided a site restoration agreement developed by the City Attorney today, which allows the developer to pay the City a lump sum without an assessment, which will be used to pay the contractor for their work. He stated that there would be a warranty on the work so the contract would not be closed this year and a small retainage would be held to ensure that work withstands. City Council / October 13, 2015 Page 10 of 13