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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 /> .! -. • • • <br /> . . . . ' . • . . . ! ! <br /> _ • . • _ • : . . I . . . • ! • <br /> sr •• . • •. • ; • • <br /> • <br /> • <br /> • <br /> • . . . • . • . • . • . . . . , 11! . . . • . . • . • I I . .. • . • <br /> • • • . . • - <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 />