Minutes - Council - 04/25/2017 - Laserfiche WebLink

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Asst. City Administrator/Economic Development Manager Brama shared the total project cost of $3.68 million of which a large portion is trunk water and trunk sewer. He said the funding source will be from these funds which have a healthy balance in both accounts and historically has done well in planning so he is confident funding will be available. He said the remaining $2.62 million is included in the Memorandum of Understanding and would be split 60% City and 40% developers, EDA funds and Anoka County EDA/HRA Fund, and future assessments of$1.2 million. Councilmember Riley said this action is not costing the City taxes to build but instead is building tax base. Asst. City Administrator/Economic Development Manager Brama said this action would not affect tax capacity but noted for transparency that we would be pulling resources from one area to another. Motion by Councilmember Riley, seconded by Councilmember Kuzma, to approve the Memorandum of Understanding between the City of Ramsey, Capstone Homes, and Hageman Holdings, subject to final review and amendments by the City Attorney. Further discussion: Acting Mayor LeTourneau said this is a wonderful project that will offer great opportunities. Motion carried. Voting Yes: Acting Mayor LeTourneau, Councilmembers Riley, Kuzma, Johns, Shryock, and Williams. Voting No:None. Absent: Mayor Strommen. 7.07: Consider Adoption of Resolution #17-04-100 Authorizing Plans and Specifications for Improvement Project#17-09, Bunker Lake Boulevard Utilities Extension City Engineer Westby reviewed the staff report and recommendation to authorize plans and specifications for Improvement Project #17-09, Bunker Lake Boulevard Utilities Extension. It was noted that all costs required to extend the trunk utilities are proposed to be paid through City sewer and water funds. He stated this action will direct staff to prepare plans and specs that will stop east of Puma Street to serve the Riverstone development in the MUSA so this is just extending that plan. He said costs will be reimbursed through fees and that plans will be prepared in-house. He said staff anticipates the case will be before the City Council next month and that the estimated cost for the extension would be $330,000. Councilmember Riley referred to the Public Works Committee's vote of 2-1 and that while he is not opposed to the development he is opposed to getting out too far and wants to ensure that checks and balances are in place in case the development does not occur. City Engineer Westby said the City Council will have two opportunities to review progress on May 23 before approving plans and again on June 27 before accepting bids and awarding contracts. City Council/April 25,2017 Page 8 of 12