Agenda - Council - 09/13/2016 - Laserfiche WebLink

Home

Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #16-09-164 RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT CONTRACT (PARTIAL RELEASE) FOR ALPHA DEVELOPMENT WHEREAS, the City of Ramsey and Hageman Holdings, LLC entered into a Development Contract for Alpha Development and Legacy Christian Academy Site Plan for the following described property located in the City of Ramsey on May 19, 2011 (Anoka County record: 2022343.005) Lot 1, Block 1 and Outlots A, B, C, and D, ALPHA DEVELOPMENT, Anoka County, Minnesota. (the `Subject Property'); WHEREAS, on August 30, 2016, the City of Ramsey received a request from Hageman Holdings, LLC to amend and restate the Development Contract dated May 19, 2011; and WHEREAS, Hageman Holdings, LLC is in the process of obtaining financing for a large construction project; and WHEREAS, Hageman Holdings, LLC is seeking clean title to their property to apply for financing; and WHEREAS, on September 08, 2016, the Ramsey City Attorney and Community Development Director drafted, reviewed, and recommended approval of the Amended and Restated Development Contract; and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: That the Ramsey City Council hereby approves the amended and restated development contract (partial release) for alpha development, subject to final review and approval by the City Attorney. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this 13th day of September, 2016. Mayor