Minutes - Council - 05/10/2016 - Laserfiche WebLink

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Councilmember Williams stated that she would like the language to be clearer to ensure that the same consideration given to phase one will be given to phase two. Asst. City Administrator/Economic Development Manager Brama stated that staff can certainly revise the language to make that point more clear. Mr. Lenhoff stated that Aeon had the understanding that phase two would be given the same consideration and therefore did not have an issue making that language more clear. Councilmember Riley noted that the last affordable housing project that came before the Council and failed was requesting Ramsey funding while this project is not requesting any Ramsey funds for their project. Motion by Councilmember Riley, seconded by Councilmember Williams, to approve the Purchase Agreement between Aeon Portfolio II LLC and the City of Ramsey, subject to changes by the City Attorney. Further discussion: Councilmember Kuzma asked Aeon if they feel confident that they will be able to fill the apartments, even with the other apartments in Ramsey. Mr. Lenhoff stated that he is confident that Aeon would be able to fill the building very quickly because of the high demand for the product. Mayor Strommen stated that as these projects come forward it would be helpful for staff to update the housing stock numbers, noting that she was able to find the numbers within the Comprehensive Plan. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Riley, Williams, Johns, Kuzma, and Shryock. Voting No: None. Absent: Councilmember LeTourneau. 7.04: Lifestyle Construction Services LLC Purchase Agreement for OUTLOT A of Ramsey Town Center 8th Addition (Portions may be closed to the public) Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and recommendation for the Council to review the Purchase Agreement for OUTLOT A of Ramsey Town Center 8th Addition. He noted that the EDA reviewed this case on May 5th and recommends that the Council approve the Purchase Agreement subject to adding a construction deadline and adding a requirement for a Development Agreement to be approved by the City before closing on the Purchase Agreement. Bill Gleason stated that he started in the real estate business in 1978 and provided a brief summary of this experience. He provided additional information on the details for this potential project, noting that there are some challenges with utilities and therefore he would be proposing 12 separate lots. He provided a sketch of a potential product, noting that the product would have interesting design for both the front and back in order to make the view appealing from both sides. City Council / May 10, 2016 Page 8 of 10