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City Attorney Goodrich replied a bank attorney is reviewing that. It cannot be requested at this <br />time because of the bank petition, and the bankruptcy has not been discharged. Perhaps the new <br />company will be willing to do this, but they would not be obligated. <br /> <br />Councih.nember E}vig stated this 1-nay be an opportunity, for the City to push its hand on this <br />issue. He asked if it could be suggested that the City is in acceptance of this, but all liabilities to <br />the City should be paid also. _ <br /> <br />City Attorney Goodrich explained this agreement will pay the City back; it is not a benefit to <br />Vision-Ease or the new entity: <br /> <br />Mayor Gamec stated the TIF investment is far more important than the money fFO1TI the utilities. <br /> <br />Councilmember Elvig requested the collection of this payment be attempted. <br /> <br />Councilmember Cook suggested the collection be attempted after this a~'eement is approved. <br /> <br />City Attorney Goodrich indicated the City has received some correspondence from the company <br />purchasing Vision-Ease and they seem cordial and happy to come to RamseS/. Perhaps this <br />would be an avenue for communication. <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Cook, to direct staffto enter into <br />an assumption agreement to transfer Development A~eement from Vis/on-Ease Lens, Inc. to <br />Insight Equity. A.P.X, LP, a Texas Limited Partnership. <br /> <br />Motion can-ied. Voting Yes: Mayor Gamec, Councilmembers Elvig, Cook, Kurak, Pearson, <br />Strommen, and Zimmerman. Voting No: None. <br /> <br />Case #10: <br /> <br />Refer Citizen Petition Concerning Speed Limit on Baugh Street to Anoka <br />Count)., Public Works Committee for Consideration <br /> <br />Assistant Public Works Director Olson indicated last week the City received a petition fro1Tl <br />residents along Baugh Street requesting that the speed limit be reduced to 35 rnph from 55 mph. <br />There was a lot of discussion at the Public Works Committee and they felt it would be best to try <br />to process this petition as quickly as possible, rather than waiting for the report of the Public <br />Works Committee. The recommendation of the Public Works Committee was to forward the <br />petition on to the Anoka County Public Works Committee for consideration at the earliest <br />possible opportunity. <br /> <br />Motion by Councihnember Elvig, seconded by Councilmember Zimmennan, to adopt Resolution <br />#04~09-303 requesting that the Anoka County Public Works Committee consider the citizen <br />petit/on requesting the lowering of the speed limit on the subject se~nent of CR83 at the earliest <br />possible opportunity. <br /> <br />City.. Council/September 28, 2004 <br /> Page 13 of 17 <br /> <br />P67 <br /> <br /> <br />