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7. COUNCIL BUSINESS <br />7.01: Consider Approving Purchase Agreement for 6710 Highway 10 NW; Case of PDKP <br />Properties, LLC <br />Community Development Director Gladhill reviewed the staff report and recommendation of the <br />EDA to approve the Purchase Agreement. He noted that the Purchase Agreement is consistent <br />with the City's policies for selling City -owned land and the proposed sales price is within the <br />acceptable price range. He noted that the proposed use is an acceptable use that will add to the <br />City's tax base and be a benefit to the Highway 10 business corridor. <br />Councilmember Riley stated that the EDA discussed this proposal on multiple occasions and the <br />group is excited about the business joining the community in a marque location along the <br />Highway 10 corridor and returning the property to the tax roll. He stated that the proposed price <br />is within the acceptable deal range. <br />Motion by Councilmember Riley, seconded by Councilmember Johns, to approve the Purchase <br />Agreement with PDKP Properties, LLC for the purchase of property (PID #34-32-25-13-005) <br />also known as 6710 Highway 10 NW, Ramsey, MN. <br />Further discussion: Councilmember Kuzma agreed that this is a great opportunity to get the <br />property back on the tax roll and welcomed the business to the community. <br />Motion carried. Voting Yes: Acting Mayor LeTourneau, Councilmembers Riley, Johns, <br />Kuzma, and Shryock. Voting No: None. <br />7.03: Consider Adopting Resolution #18-158 Approving Restaurant Subsidy Program <br />Community Development Director Gladhill reviewed the staff report and recommendation of the <br />EDA to approve the three draft documents as part of the Restaurant Subsidy Program. <br />Councilmember Shryock stated that she is excited about these opportunities. She stated that the <br />expanded welcome services would be a great benefit to new businesses and utilizes staff and <br />current services at a low cost to the City. <br />Councilmember Riley stated that the City is trying everything that it can to bring in business. He <br />stated that the water availability charge would be the City portion of the charges and is setup as a <br />forgivable loan and therefore is not a large cash outlay. <br />City Council / July 24, 2018 <br />Page 4 of 5 <br />