Agenda - Council - 12/13/2016 - Laserfiche WebLink

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CC Regular Session 4.9. Meeting Date: 12/13/2016 Submitted For: Patrick Brama,Administrative Services By: Patrick Brama,Administrative Services Information Title Adopt Resolution 916-12-246 approving Amended and Restated Development Contract(Partial Release) for Alpha Development/former Legacy Christian Academy Project Purpose/Background: ***This case/agreement was reviewed and approved by the Council in September*** Since September,Hageman Holdings has made a number of language change requests to the restated development agreement.Although the intent and meaning of the agreement has not changed in staff's opinion,from the September version,the number of language changes is enough to warrant another approval by Council.As a result,this case is being re-routed through Council. The attached agreement has been reviewed by the City's Community Development Director and Attorney. PURPOSE Approve Amended and Restated Development Agreement for Alpha Development and Legacy Christian Academy Site Plan. The reason this request has come forward is--Hangman Holdings (affiliated with J&B Group--No Name Steaks) is obtaining financing for a major business expansion they are completing in St. Michael.As part of that refinancing process, their bank is attempting to remove as many unknowns/completed items related to one of their major assets--the Legacy Christian Academy land/Alpha Plat(and the subsequent agreements). This type of request is common (attempt to clean up property title during the financing process). Staff considers this an administrative/housekeeping item. This amendment has been reviewed by the City Attorney and Community Development Director. BACKGROUND Hageman Holdings owns 171 acres of raw land located just west of Armstrong Boulevard on the north and south side of Bunker Lake Boulevard in the City of Ramsey. In 2011,the City of Ramsey entered into a development agreement with Hageman Holdings for roughly 64.26 acres of land that was anticipated for use by a new Legacy Christian Academy campus("Lot 1, Block 1").Additionally,in December of 2010, the City of Ramsey approved a plat("Alpha Development Plat")to guide the development of the Hageman Holdings property. With that plat, came several individual agreements/recorded documents. Agreements 1. Alpha Development Plat: December 2010 2. Development Agreement: May 2011 3. Right of Entry Agreement: May 2011 4. Warranty Deed: May 2011 5. Declaration of Easement: May 2011 6. Stormwater Treatment and Ponding Maintenance Agreement: May 2011 7. Assessment Agreement Observations/Alternatives: