Minutes - Council - 09/28/2004 - Laserfiche WebLink

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City Atlorney Goodrich replied a bank attorney is reviewing that. It cannot be requested at this time because of the bank petition, and the bankruptcy has not been discharged. Perhaps the new company will be willing to do this, but they would not be obligated. Councihnember Elvig stated this may be an opportunity.for the City to push its hand on this issue. Ne asked if it could be suggested that the City is in acceptance of this, but all liabilities to the City should be paid also. City Attorney Goodrich explained this agreement will pay the City back; it is not a benefit to Vision-Ease or the new entity. Mayor Gamcc stated the TIF investment is far more important than the money from the utilities. Counci hnember Elvig requested the collection of this payment be attempted. Counci hnember Cook suggested the collection be attempted after this agreement is approved. City Attorney Goodrich indicated the City has received some correspondence from the company purchasing Vision-Ease and they seem cordial and happy to come to Ramsey. Perhaps this would be an avenue for communication. Motion by Councihnember Elvig, seconded by Councilmember Cook, to direct staff to enter into an assumption agreement to transfer Development Agreement from Vision-Ease Lens, h~c. to Insight Equity A.P.X, LP, a Texas Limited Partnership. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Cook, Kurak, Pearson, Strommcn, and Zimmmrnan. Voting No: None. Case #10: Refer Citizen Petition Concerning Speed Limit on Baugh Street to Anoka County Public Works Committee for Consideration Assistant Public Works Director Olson indicated last week the City received a petition from residents along Baugh Street requesting that the speed limit be reduced to 35 mph from 55 mph. There was a lot of discussion at the Public Works Committee and they felt it would be best to try to process this petition as quickly as possible, rather than waiting for the report of the Public Works Committee. The recommendation of the Public Works Committee was to forward the petition on to the Anoka County Public Works Committee for consideration at the earliest possible opportunity. Motion by Councilmember Elvig, seconded by Councilmember Zimmerman, to adopt Resolution #04-09-303 requesting that the Anoka County Public Works Committee consider the citizen petition requesting the lowering of the speed limit on the subject segment of CR83 at the earliest possible opportunity. City Council/September 28, 2004 Page 13 of 17