Agenda - Council - 02/12/2018 - Laserfiche WebLink

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Motion carried. Voting Yes: Mayor Strommen, Councilmembers LeTourneau, Johns, Kuzma, Riley, and Shryock. Voting No: None. 7.03: Consider Affinity Apartment Project: Public Infrastructure Memorandum of Understanding Asst. City Administrator/Economic Development Manager Brama reviewed the staff report and noted that the MOU is generally consistent with the past direction provided by the City Council and the EDA via the purchase agreement. He stated that the MOU is also consistent with the previous staff input to the Council and EDA, that TIF District #14 would be staff's targeted funding source for the City's share of infrastructure. He stated that the agreement identifies the specific financing arrangement with the development funding 100 percent upfront and then repayment of only the City's portion of the costs via TIF District #14, over the course of eight years. He stated that both the City Attorney and Ehlers recommended/preferred the financing arrangement outlined in the MOU, versus other methods of funding. Councilmember Riley asked for input from the consultant. Jason Aarsvold, Ehlers, reviewed the options that could have been considered but were not preferred for this project. He stated that the project is essentially paying for needed infrastructure improvements. He noted that the City's portion will be paid back through the TIF funds over the eight -year timeframe. He provided additional details on the TIF note that covers the City's portion of the infrastructure expense. Motion by Councilmember Kuzma, seconded by Councilmember LeTourneau, to approve the public infrastructure MOU with CAP Acquisitions. Motion carried. Voting Yes: Mayor Strommen, Councilmembers Kuzma, LeTourneau, Johns, Riley, and Shryock. Voting No: None. 7.04: Consider Adoption of Resolution #18-029 Approving Participation in Metropolitan Council Water Efficiency Potential Project City Administrator Ulrich reviewed the staff report and stated that based on the response received from the Metropolitan Council confirming that the study results will not adversely impact the City of Ramsey, and the potential for the study to result in future cost savings for water supply infrastructure, staff recommends adopting Resolution #18-029 approving the City of Ramsey's participation in the Metropolitan Council Water Efficiency Potential Project. Councilmember Riley noted that Andover is listed as number one on the list and asked if Andover will be participating. City Administrator Ulrich stated that he is not aware whether that community is going to participate but noted that he can attempt to find out that decision. City Council / January 23, 2018 Page 6 of 8