Agenda - Council - 11/23/1982 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I j ts RESOLUTION ~82-158 WHEREAS, Federal Cartridge Corporation has indicated that it is w~].]in~ to give as a gift approximately 45 acres of unimproved land to City of P.a,a.%c'y, which 45 acres is legally described as follows, to-wit; Southwest ~arter of the Northwest Quarter (sw ¼ of NW ¼) and the West 185 feet of the Southwest C~arter of said Northwest Quarter (sw ¼ of ~rw -~), ~'[1 in section 16, Township 32, Range 25, ~u]oka Celerity, Minnesota; Wi{EPd{AS, prior to finalizing and transferring fee title to the .~.~id 45 acres, Federal Cartridge desires the following ~nfo~:na~.].on' --- ~-' re~3.::-~'~ii.ng l'he City's plans for the property, to-wit: 1) be developed? How will the. property be developed and for what use will it 2) How will the City finance the development of the property? and WHEREAS, it has been estimated that the cost to fully develop the entire 45 acres as parkland will cost approximately $700,000.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That when presented, the City will gratefully accept from the Federal Cartridge Corporation fee title to the above referred to 45 acres and dedicate its use as parkland. 2) That the City plans to develop the 45 acres as a central park. over a ten (10) year period, the development plan to be basically as that shown on the attached Exhibit "A". 3) That the City intends to finance the park i~orovement over the ten (10) year period by expending $72,000.00 per year on the development plan. The $72,000.00 per year will be obtained either through Ad Valorem taxes and/or ueneral revenue sharing funds if available. In addition, the City intends to s~ek funds from Metropolitan and State 9rant funds, private donations of dollars ~nd vol~mteer work in order to fully develop the property. 4) ~nat the City's capital improvement budget for the next ~:en (10) years will reflect the City's commitment to finance the park improvement project as above outlined. 5) ~%at the timing of the park improver~nt project may be speeded up should the citizens of the City propose and' vote favorably on a referendum to is:-:ue the City's general obligation improvement bonds to finance the ]project at a faster pace than as outlined above.