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City Attomey Goodrich replied the net amount would be paid to.the Metropolitan'Council, which <br />would be Jess maintenance expenses. <br /> <br />City Administrator Norman noted rent profits would all go back to the Metropolitan Council, but <br />as Councilmemb'er 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 />Councilmember 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 />much as possible, but if the project doesnot go thi-ough he does not want to be left with a hole in <br />the ground. <br /> <br />City Attorney Goodrich reported there iSanother 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 />Protective 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. Voting No: None. <br /> <br />MAYOR AND COUNCIL INPUT' <br /> <br />1) Mayor's Announcements <br /> <br />Mayor Gamec reported the following: <br /> <br />· A tentative date has been set for the retreat for February 9t}' 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 />P67 <br /> <br /> <br />