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Motion carried. <br /> 7. COUNCIL BUSINESS <br /> 7.01: Consider Adopting Resolution #18-250 Amending Approved Right of Re-Entry <br /> Agreement; Case of Centra Homes <br /> Economic Development Manager Sullivan reviewed the staff report and recommendation to <br /> consider adoption of Resolution #18-250 amending approved Right of Re-Entry Agreement. <br /> Councilmember Riley asked for additional details on a right of re-entry clause. <br /> Economic Development Manager Sullivan explained that the purpose of a right of re-entry <br /> agreement is to ensure that a developer performs to a certain standard, which in this case would <br /> be to construct 15 homes within three years. <br /> Councilmember Riley stated that he understands that the importance of the clause is to ensure <br /> that development occurs. <br /> Councilmember Shryock agreed that while the City loves to sell the land, she does see the <br /> importance in protecting the interest of the City as well. She stated that she was pleased to see <br /> that the developer requested the change prior to the expiration date. She stated that she is <br /> comfortable with the action at this time. <br /> Councilmember Musgrove asked for additional details on the increase from $5,000 to $20,000. <br /> Economic Development Manager Sullivan stated that the developer is asking the City to divert <br /> from the normal process and therefore the price was increased in return for that exception. <br /> Mayor LeTourneau asked how that caused the increase from $5,000 to $20,000. <br /> Economic Development Manager Sullivan clarified that the request for the increase was from the <br /> City to protect the interest should this development not be constructed. <br /> Mayor LeTourneau stated that the City uses the right of re-entry agreement regularly in many <br /> development instances, most commonly commercial and industrial. He encouraged staff to <br /> continue working with the developer to keep this deal going forward. <br /> Motion by Councilmember Shryock, seconded by Councilmember Riley, to Adopt Resolution <br /> #18-250 Authorizing the City of Ramsey to Amend Right of Re-Entry Agreement, subject to <br /> City Attorney approval as to legal form. <br /> Motion carried. Voting Yes: Mayor LeTourneau, Councilmembers Shryock, Riley, and <br /> Musgrove. Voting No: None. Absent: Councilmembers Johns and Kuzma. <br /> City Council/November 27,2018 <br /> Page 7 of 9 <br />