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and was very proactive about getting this mapped, and this has been done very quickly. There <br />are people concerned about this area and what will happen to them. This is a fair market value <br />purchase that was put together by: the Met Council and MnDOT. It is important for people to <br />understand City funds are not being used for this. Councilmember Cook stated it is important to <br />realize the City has been able to help out: some landowners in this area that had situations there. <br />This is a bad situation they can make better by working with the Met Council. Councilmember <br />Kurak asked how this portion of the stormwater drainage to the Mississippi River will be paid <br />for. City Attorney Goodrich replied this will be determined and the Council .will be informed. <br />Councilmember Elvig asked if Meals on Wheels will continue as an entity in this location. City <br />Attorney Goodrich replied it will continue .for 90 days. Councilmember EMg asked if rent <br />· revenue from the property will go to the City or to Ralf funds. Assistant Public Works Director <br />Olson replied any income generated from the lease or rent goes back to the Met Council. <br /> <br />Motion carried. Voting Yes: Voting Yes:' Mayor Gamec, Councilmembers Elvig, Kurak, Cook, <br />Pearson, and Strommen. Voting No: None. Absent: CouncilmemberZimmerman. <br /> <br />Case#15: Approve Purchase 'Agreement' for the Purchase of the Highway 10 <br /> Corridor/Ramsey Town Center LLC <br /> <br />City Attorney Goodrich reviewed that the City has been negotiating with Ramsey Town Center <br />fbr the acquisition of a 3.02 acre parcel of land lying within the Highway 10 corridor Official <br />Map Area. The subject property is vacant and is adjacent to the present NAU building. The <br />funds for the purchase are from a Metropolitan Council RALF loan. The loan proceeds will be <br />paid back to the Metropolitan Council by MnDOT when MnDOT has a need for the parcel. The <br />purchase price is $7.70 per square foot for an approximate total of $1,016,298. The final and <br />exact total purchas6 price is to be determined by a certified survey giving the precise number of' <br />square feet in the parcel, lie advised NAU has exchanged parcels with RTC, and RTC now owns <br />this parcel. Formal approval is needed from the Metropolitan Council, but that should not be a <br />problem. <br /> <br />Councilmember Elvig commented this price of $7.70 per square foot is close to the cost of land <br />at Town Center, which is at $8.00 per square foot. <br /> <br />City Attorney Goodrich replied the appraiser has reviewed the Costs. <br /> <br />Motion by Councilmember Elvig, seconded by Councilmember Cook, to enter into a purchase <br />agreement ~vith Ramsey Town Center, LLC for the purchase of the parcel of land located <br />adjacent to Hwy 10 and legally described as Outiot A, DEAL INDUSTRIAL PARK,' Anoka,' <br />Minnesota, for a purchase pri~ of $7.70 per square foot for an approximate total purchase price <br />of $1,016,298.00. This motion is contingent on formal approval by the Metropolitan Council- <br />approving the purchase and the purchase price. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Elvig, Cook, K~rak, Pearson, and <br />Strommen. Voting No: None. Absent: CouncilmemberZimmerman. <br /> <br />.City Council/November 9, 2004 <br /> : page 27 of 31' <br /> <br />P47 <br /> <br /> <br />