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City Attorney Goodrich replied the net amount would be paid to the Metropolitan Council, which <br />would be less maintenance expenses. <br /> <br />City Administrator Norman noted rent profits would all go back to the Metropolitan Council, but <br />as Councilmember Elvig pointed out there would be jobs involved, and if it is a quality building <br />there would likely be a great deal of taxes. This tax revenue would continue going to the City, <br />county and special taxing districts. <br /> <br />Councihnember Elvig questioned what the parameters are on the leasing, and if they stipulate <br />certain values or market rates. <br /> <br />City Attorney Goodrich replied he assumes they would be at reasonable market value. <br /> <br />Councilmember Elvig stated this is something to take a strong look at. It may be of interest for <br />people selling property to get a reasonable rate for a lease, and it may be a cash incentive for <br />people to start releasing properties. He feels strongly they need to keep the project intact as <br />rnuch as possible, but if the project does not go through he does not want to be left with a hole in <br />the ground. <br /> <br />City Attorney Goodrich reported there is another property that is close to be acquired. <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Cook, to authorize the City to <br />enter into a Loan Agreements between the Metropolitan Council and the City of Ramsey for <br />l~rotective Acquisition of Highway Right-of-Way for the Miller parcel in the amount not to <br />exceed $359,000.00 and the RTC LLC parcel not to exceed $1,025,000.00 <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Cook, Kurak, Pearson, <br />Strommen, and Zimmerman. VotingNo: None. <br /> <br />MAYOR AND COUNCIL INPUT <br /> <br />1) <br /> <br />Mayor <br /> <br />Mayor's Announcements <br /> <br />Gamec reported the following: <br /> <br />A tentative date has been set for the retreat for February 9th and l0th, beginning at <br />approximately 8:00 a.m. on the 9th. <br />The employee City Christmas gathering is set for Friday, December 3rd at Northfork. <br />The Municipal Center Open House will be held December 9th from 5 to 7 p.m. <br /> <br />City Council/November 23, 2004 <br /> page 15 of 17 <br /> <br /> <br />