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EDA Review: <br />The EDA reviewed this case on 04/12 and recommended 6-0 for the City Council to approve. Please see QCTV <br />video for details. No major discussion occurred. <br />One EDA member did request that the developer construct their project on the public fronting roads first, rather <br />than starting internal to the site. Additionally, it was requested that the Right of Re Entry be tied to the final <br />buildable lots (about 36-40) verses the existing single lot --to insure it could be enforced. <br />Staff did work with the developer based on the feedback provided by the EDA. First, it should be noted, the <br />attached Right of Re Entry Agreement includes language that specifies the final lot descriptions will be added <br />before closing on this land transaction. Secondly, the developer agreed to adjusting the Right of Re Entry <br />Agreement to require that 3 of the minimum 5 homes to be constructed each year be located on public fronting <br />roads (Ramsey Boulevard or Bunker Lake Boulevard). Previously, the agreement was silent on that item. <br />Action: <br />Motion to: <br />(1) Approve the attached Amendment #1 to the purchase agreement between the City of Ramsey and Centra <br />Homes, LLC; subject to final review and approval by the City Attorney. <br />- and- <br />(2) Approve the attached "Right of Re -Entry" Agreement with Centra Homes, LLC; subject to final review and <br />approval by the City Attorney. <br />- and- <br />(3) Adopt the attached Resolution # 18-051; Authorizing the Sale of City Owned Land to Centra Homes, LLC. <br />Attachments <br />Centra Cover Letter <br />PA <br />Resolution # 18-051 <br />Amendment #1 <br />Right of Re Entry <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 04/19/2018 08:40 AM <br />Form Started By: Patrick Brama Started On: 04/14/2018 10:26 PM <br />Final Approval Date: 04/19/2018 <br />