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Counci hncmber Cook introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #04-07-196 <br /> <br />RESOLUTION AUTHORIZING THE LOAN APPLICATION AND PURCHASE OF <br />PROPERTIES UNDER THE RALF PROGRAM <br /> <br /> WHEREAS, the City of Ramsey has officially mapped a portion of right-of-way along <br />the Highway #10 Corridor; and <br /> <br /> WHEREAS, the Official Map was adopted to preserve property for transportation <br />purposes; and <br /> <br /> WHEREAS, property owners have indicated a willingness to have the property come <br />into public ownership if appropriate agreements on this purchase can be reached; and <br /> <br /> WItEREAS, if the City does not acquire the right-of-way at this time, the property will <br />increase in value adding to the potential of future transportation improvements becoming cost <br />prohibitive; and <br /> <br /> WHEREAS, the City of Ramsey may utilize funds from the Public Improvement <br />Revolving Fund to purchase the property up front with the understanding that the City will be <br />reimbursed making this fund whole upon completing the transaction and necessary process <br />identified under the Revolving Acquisition Loan Fund Program guidelines and processes <br />administered by the Metropolitan Council. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the City Council hereby authorizes the submittal of loan applications to the <br />Metropolitan Council to fund right-of-way acquisition activities for properties located <br />within the officially mapped are along Trunk Highway #10 as opportunities with <br />willing sellers arise. <br /> <br />2) <br /> <br />That the City Council shall be apprised of these applications as they are made and of <br />all other relevant information throughout these processes. <br /> <br />3) <br /> <br />That the City Council authorizes staff to enter into negotiations with property owners <br />upon approval from the Metropolitan Council. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Elvig, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Counci hnember Cook <br />Councihnember Elvig <br /> <br />Resolution #04-07-196 <br />Page 1 of 2 <br /> <br /> <br />