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City Attorney Goodrich replied Ramdance will continue to be required to pay for the ramp, and <br />they recognize that. The discussion with the Master Development Agreement amendment was <br />regarding the maintenance of the ramp. <br /> <br />City Administrator Norman indicated that discussion 'is not covered in this agreement; this just <br />relates to the block around the Coborn's area. <br /> <br />Councilmember Kurak asked when the Council can expect to see the Master Development <br />Agreement amendment. <br /> <br />City Attorney Goodrich replied it should be on the agenda of the December 14th Council <br />meeting. <br /> <br />Councilmember Elvig stated it is understood what the Council expects of the Master Developer <br />and it is up to the Master Developer to convince Ramdance of what is required. <br /> <br />Motion by Councilmember Elvig, seconded by C0uncilmember Cook, to approve the Allocation <br />Agreement presented between Ramsey Town Center LLC, Ramdance, and City of Ramsey, and <br />to authorize the City Attorney to make non-substantive amendments requested .by parties to the <br />agreement. <br /> <br />Further discussion: Councilmember Strommen requested clarification that this agreement' does <br />not amend the Master Development Agreement. <br /> <br />City Attorney Goodrich replied it does not. <br /> <br />Motion carr/ed. Voting Yes: Mayor Gamec, Councilmembers Elvi.g, Cook, Kurak, Pearson, <br />Strommen, and Zimmerman. Voting No: None. <br /> <br />Case #10: Approve Loan Agreements for the purchase °fthe Highway 10 <br /> Corridor/Miller and Ramsey Town Center Parcels <br /> <br />City Attorney Goodrich reviewed that at the last Council meeting, the Council approved <br />purchase agreements for the acquisitions of the Miller and RTC LLC parcels on Highway 10. As <br />part of these transactions, Loan Agreements between the Metropolitan Council and the City must <br />be entered into. At the last Council meeting the case that was submitted was somewhat in error, <br />as it-was indicated that the loan was not. with the City. Actually, the City is determined by the <br />Metropolitan Council as the recipient of the loans to pay for the two acquisitions, and the City <br />must enter into a loan agreement with the Metropolitan Council. That loan agreement provides <br />the City will borrow $1,025,000 in the ease of the RTC LLC property. The actual proceeds to <br />the landowner would be in the amount of $1,019,000, and the difference of $6,000 is to be used <br />by the City to defray their expenses in maintaining that property. <br /> <br />City Attorney Goodrich advised the important part is this is a non-interest bearing loan and is <br />repaid to the Metropolitan Council by one of two methods. One method is by MnDOT or a <br /> <br />City Council/November 23, 2004 <br /> Page 13 of 17 <br /> <br />P65 <br /> <br /> <br />