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CASE # <br /> <br />CONSIDER ALLOCATION AGREEMENT BETWEEN RTC LLC; <br />RAMDANCE AND THE CITY OF RAMSEY <br /> By: Bill Goodrich, City Attorney <br /> <br />Background: <br /> <br />The Development Agreement between the City and Ramsey Town Center LLC (RTC) <br />authorized on September 16, 2003 requires the Developer to obtain City approval prior to <br />transferring title to any line within the Ramsey Town Center. The form of this City approval is <br />what is known as an Allocation Agreement. With the approval of Ramdance's development of <br />Coburn's and other retail shops, an Allocation Agreement is now necessary. <br /> <br />At the time of this writing, the final Allocation Agreement is still being worked on. A final draft <br />will be presented at the Council meeting for consideration. <br /> <br />Recommendation: <br /> <br />If the Allocation Agreement is found acceptable after review of the final document, Staff <br />recommends entering into Allocation Agreement between Ramdance, Ramsey Town Center <br />LLC, and the City. <br /> <br />Council Action: <br /> <br />Motion to approve the Allocation Agreement presented between Ramsey Town Center LLC, <br />Ramdance, and City of Ramsey. <br /> <br />Reviewed by: <br /> <br />City Administrator <br /> <br />CC: 11/16/04 <br /> <br /> <br />