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Motion by Councilmember Shryock, seconded by Councilmember Johns, to Adopt Resolution <br /> #17-06-140 Accepting Bids and Awarding Contract for Improvement Project #17-01 Alpine <br /> Drive Reconstruction. <br /> Motion carried. Voting Yes: Mayor Strommen, Councilmembers Shryock, Johns, Kuzma, <br /> LeTourneau, Riley, and Williams. Voting No: None. <br /> 7.09: Consider Maple Investments LLC (dba Sharp and Associates) Purchase Agreement <br /> (portions of the case may be closed to the public) <br /> Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and <br /> recommendation to consider the purchase agreement between the City of Ramsey and Maple <br /> Investments LLC for 9.33 acres of City owned land. <br /> Councilmember Williams stated that she did have concerns when this was reviewed at the EDA <br /> and appreciated the outline of her concerns in the packet. She commented that this is not the <br /> same structure the last time a purchase agreement was negotiated for this site. She stated that <br /> this proposal is lower than the original asking price and does not have the incentives aligning in <br /> the same manner. She believed that half of the proposal is a speculative development and she <br /> felt that the City is incentivizing and subsidizing the development. She stated that she would not <br /> support the request. <br /> Councilmember Riley stated that he has a different perspective, noting that this is a completely <br /> different deal with a different user and purchaser. He stated that this is within the deal range and <br /> there are some issues with the land. He noted that this is a quality user in the City that has done <br /> this exact thing repeatedly. He stated that there is surety that the first building will come with <br /> hope for a second building. He noted that this deal will feel different because it is different. <br /> Councilmember LeTourneau appreciates the input from both Councilmembers Williams and <br /> Riley. He stated that it brings him back to the comment that the asking price is within the deal <br /> range and meets the other obligation of the arrangement to sell land. He agreed that Mr. Sharp is <br /> a known commodity in the community and has success with great projects. He stated that this <br /> seems like a very reasonable thing to do. <br /> Councilmember Riley asked the amount of TIF or business subsidy being provided. <br /> Asst. City Administrator/Economic Development Manager Brama stated that there is not explicit <br /> assistance being provided to the project. He stated that this property was never officially listed <br /> with CBRE and therefore the deal range was not adopted and therefore staff made similar <br /> assumptions for the property. <br /> Councilmember Williams noted that this property was never marketed and offered to the general <br /> public. She believed that this is a reduction to the potential selling price because it has not been <br /> actively marketed. <br /> City Council/June 13,2017 <br /> Page 13 of 15 <br />