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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 />