Agenda - Council - 02/26/2019 - Laserfiche WebLink

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Our Mistioi}: To work together to reipoiibly grew our comma nityr, and to provide quality, cent-oliBcdwe, and efficient government services. CC Regular Session 7. 1. Meeting Date: 02/26/2019 By: Bruce Westby, Engineering/Public Works Information Title: Adopt Resolution #19-063 Approving Quit Claim Deed Conveying Tract B, Registered Land Survey No. 266 Purpose/Background: Purpose: The purpose of this case is to adopt Resolution #19-063 approving a Quit Claim Deed Conveying Tract B, Registered Land Survey No. 266, from the City of Ramsey to PSD, LLC. Background: In 2014 and 2015, the City extended Riverdale Drive from Alpaca Street to Traprock Street with City Improvement Project #12-22. Memorandum of Understanding The extension of Riverdale Drive benefited adjacent undeveloped properties by providing access to streets, utilities, and pedestrian pathways. In recognition of this, a Memorandum of Understanding (MOU) was executed between the City of Ramsey and two property owners of adjacent undeveloped parcels south of Riverdale Drive including Outlot A Tooth Acres, owned by PSG, LLC, and Lot 1, Block 1 The Diamonds, owned by 2-01, LLC. The MOU (copy attached) was executed May 2014 to define tentatively agreed upon terms and conditions of the parties allowing legally binding documents to be executed by the parties at a later date, and providing for required roadway right of way, trail, drainage and utility easements needed to extend Riverdale Drive through the privately owned parcels. While constructing Riverdale Drive, City Staff coordinated construction of applicable improvements addressed within the MOU with the LLC's to ensure that all terms and conditions were properly addressed. Section 6 of the MOU includes conditions related to a parcel owned by Anoka County, Outlot B Tooth Acres. Section 6.a specifically states "The City shall use its best efforts to obtain title to Outlot B Tooth Acres from the County and if successful convey that portion of said Outlot B Tooth Acres designated as "E" to one of the LLC's as they shall select (except that portion retained by the City for the Riverdale Extension)". The intent of this is to allow area "E" per Exhibit 1 of the MOU, previously a regional stormwater pond, to be transferred to one of the LLC's so they can fill it in and utilize it for parking/drive aisles to enhance development of the adjoining parcels, thereby benefiting the LLC's. The City will benefit through the cross -access potential between the two parcels allowing drivers to navigate between the adjoining parcels without accessing Riverdale Drive, reducing congestion and improving safety on Riverdale Drive. This will also benefit the City by requiring the City to maintain one less regional stormwater pond in perpetuity, saving maintenance costs. Lastly, the City and the County will benefit from the additional taxes generated by returning this parcel to the tax rolls. Memorandum of Agreement