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1.0 <br /> <br /> ' FEASIBILITY REPORT <br />CITY PHASE l iSTREET, STORM SEWER, <br />WATER & SANITARY SEWER IMPROVEMENTS <br /> FOR <br /> RAMSEY TOWN CENTER <br /> CITY OF RAMSEY, MINNESOTA <br /> <br />INTRODUCTION <br /> <br />The purpose :of this report is t°i review the technical feasibility of providing City <br />Phase I Street, Storm Sewer, Water.and Sanitary Sewer Facilities for the <br />Ramsey Town Center,: in the City of Ramsey as required by Minnesota Statute <br />429. <br /> <br />The area of benefit is described as follows: <br /> Ramsey Town Center, City of RamSey, Anoka County, Minnesota. <br /> <br />The project area, as shown on: Ex.hibits A, B, C and D lies within the Section 28, <br />Township 32:North, Range 25 West, City of Ramsey, Anoka County, Minnesota: <br /> <br />In September of 2003, the citY of Ramsey entered into a Master Development <br />Agreement for the Ramsey Town Center with the-Ramsey Town Center LLC, a <br />Minnesota Limited Liability COmpany which is the Developer of the Ramsey <br />Town Center. <br /> <br />As part of the Agreement, the City is obligated to design and construct City <br />Phase I Improvements conS!sting of streets, storm sewer, watermain and- <br />sanitary sewer along Sunwood Delve NW and Rhinestone Street NW as shown <br />on Exhibits A, B, C and D.: ~ _ <br /> <br />It is proposed to finance the ProjeCt bi several methods. Since Sunwood and <br />Rhinestone are MSA Streets, ir'is Proposed to use MSA funds for the streets to <br />the extent possible. The CitY ~has also received a $800,000 grant for Sunwood <br />Drive. In addition 20% of the-.streetlwill be assessed to Ramsey Town Center. <br />See attached Exhibit ';F" from the Master DeveloPment Agreement, which shows <br />the special assessment allocations and the area to be assessed. <br /> <br />The cost of the storm sewer, water and sanitary sewer will be paid with impact <br />fees, hookup fees rates and Charges at the time of hookup per the City's <br />schedule for water and sewer trunk charges. The Developer will also be <br />responsible for any applicable SAC and WAC charges at time of hookup. <br /> <br />The report will review the estimated cost of the improvements and determine the <br />cost to be assessed to the benefiting property. <br /> <br />Page '! <br />G:\MunicipalWramsey\3171\RA3171FSR.dec <br /> <br /> <br />