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City Administrator Ulrich stated that as the road alignment is known, the City will be able to <br /> resell some of the properties that will not be needed that were purchased through RALF. <br /> Member Riley asked for additional clarification on the infrastructure. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that there is infrastructure in <br /> place, but there is no plan for future infrastructure that will be needed. <br /> Member Riley stated that the City has a few plats that are pending and asked if that would be a <br /> good time to redo work and attempt to gain a separate zip code for Ramsey. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that the City is able to reapply <br /> once per year at minimum for its own zip code. He stated that there are items beyond number of <br /> mailing addresses or population that dictate where post offices are placed. He stated that the <br /> other items outside of population and addresses are what is keeping the City from that step. <br /> Member Riley asked if the old municipal center should be removed. <br /> Economic Dev. Mgr/Assistant City Administrator Brama stated that there is not much left on that <br /> project and the City will continue to progress whether the item is on the Workplan or not. <br /> It was the consensus of the EDA to remove the old municipal center from the Workplan as the <br /> EDA's work on that item has been completed. <br /> 4.03: CBRE Real Estate Listing Contract, Amendment #2, 1-Year Extension w/Month to <br /> Month Termination Option <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> Chairperson Steffen asked if Mr. Pankratz is comfortable with this proposal. <br /> Mr. Pankratz stated that he is comfortable with this agreement. <br /> Motion by Member Skaff, seconded by Member Hardin, to recommend to City Council to <br /> approve the 1-year contract extension for broker services with CBRE, subject to final review and <br /> amendments by the City Attorney. <br /> Motion carried. Voting Yes: Chairperson Steffen,Members Skaff, Hardin, Burandt,Riley, and <br /> Williams. Voting No: None. Absent: Member Brunt. <br /> 4.04: Riverstone Development Purchase Agreement(Portions may be closed to the public) <br /> Economic Dev. Mgr/Assistant City Administrator Brama presented the staff report. <br /> Member Riley asked why the road was incorrectly aligned to begin with. <br /> Economic Development Authority/July 13,2017 <br /> Page 5 of 9 <br />