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to negotiate a development agreement with ACCAP. The developer now wishes to enter into a <br />development agreement with the City and begin construction of the project this year. <br /> <br />Motion by Councilmember Anderson, seconded by Mayor Gamec, to authorize execution of a <br />Contract for Private Development with Anoka County Community Action Program (ACCAP) <br />pending City Attorney approval. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Anderson, and Kurak. Voting <br />No: Councihnembers Hendriksen, and Zimmerman. <br /> <br />Case #11: <br /> <br />Assignment of Contract for Private Development between the City of Ramsey <br />and Peck Properties <br /> <br />City Administrator Norman stated that the City of Ramsey entered into a contract for private <br />development with Peck Properties, LLC on April 17, 1998. The contract carried with it <br />development requirements of the specific project that includes TIF. Peck Properties is in the <br />process of selling the building to Great Woods Cabinetry. Peck Properties has requested that the <br />contract be transferred to Great Woods Cabinetry. Transferring the contract to this new business <br />would protect the City of Ramsey's investment in Business Park 95 specific to the assistance <br />granted to the Peck project. Great Woods Cabinetry, formerly located in Blaine, is purchasing <br />the building and moving its operation to the City of Ramsey. This business would bring 35 <br />employees and the possibility for more job creation for the City of Ramsey. The majority of the <br />jobs that Great Woods Cabinetry would create would be up to current Business Subsidy Law <br />standards and would be in line with the position the City Council has taken with recent TIF <br />projects. It was noted that the transfer of the contract binds Great Woods Cabinetry to the <br />negotiated arrangement between the City of Ramsey and Peck Properties and releases Peck <br />Properties from any interest in the project. <br /> <br />Councilmember Hendriksen inquired if the City Attorney had reviewed the City's position to <br />make sure they are protected. <br /> <br />City Attorney Goodrich replied that Economic Development Consultant Mike Mulrooney had <br />reviewed information and has stated that Great Woods Cabinetry is as creditworthy as Peck <br />Properties. The Company was incorporated in 1993, and is in good standings with the Secretary <br />of State. <br /> <br />Councilmember Zimmerman inquired if there will be something in writing holding them to the <br />obligations. <br /> <br />City Attorney Goodrich replied yes, if it is approved by the Council. <br /> <br />Councilmember Hendriksen inquired if Peck properties initiated the action and wanted <br />themselves released from any obligations. <br /> <br />City Council/March 26, 2002 <br /> Page 20 of 25 <br /> <br /> <br />