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On August 25, 2015, the Ramsey City Council adopted Resolution #15-08-212 approving a Memorandum of <br />Agreement (MOA) between Anoka County and the City of Ramsey for Ramsey Town Center Public Works <br />Improvements completed as part of the Riverdale Drive extension to Traprock Street, Improvement Project #12-22 <br />(copy attached). The Memorandum of Agreement assigns responsibilities to the parties as required to convey the <br />northerly 1.5 acres of Outlot B Tooth Acres, designated as "A" in Exhibit 1 of the MOA, from Anoka County to the <br />City of Ramsey. Costs to construct and maintain the storm sewer improvements as required to convey and fill in the <br />remaining stormwater pond are addressed by the MOA, are as required easements for storm sewer pipes, ponds, and <br />trails. The MOA was approved by the Anoka County Board of Commissioners on July 16, 2015, and was executed <br />on September 22, 2015. The City and County then began preparing the required legal documents to convey the <br />parcel by title to the City of Ramsey, and to secure the necessary trail and drainage and utility easements outlined <br />in the MOA. <br />Development Agreement <br />On August 25, 2015, the Ramsey City Council adopted Resolution #15-08-213 approving a Development <br />Agreement (DA) between 2-01, LLC, PSG, LLC, and the City of Ramsey (copy attached). The DA formalized and <br />updated the terms and conditions set forth by the parties in the executed MOU. Per Section 6 of the DA, 2-01, LLC <br />agrees to reimburse the City for the entire cost of storm sewer improvements completed with the project to allow <br />the remnant stormwater pond to be filled in upon transfer of the property. Exhibit 4 of the DA addresses all cost <br />sharing between the City of Ramsey and the LLC's as related to approved Change Order #2. Per Exhibit 4, the <br />LLC's are responsible for $166,422.70 of the total cost of items included in Change Order #2. <br />Required Legal Documents <br />Approving the attached Quit Claim Deed will convey Tract B of Tooth Acres Outlot B per attached Registered <br />Land Survey No. 266 (RLS No. 266) to PSD, LLC, who must then pay the City of Ramsey $166,422.70 for <br />required storm sewer improvements constructed with the Riverdale Drive extension under Change Order #2. <br />Four documents are required to convey the necessary easements and land to allow Tract B of RLS No. 266 to be <br />conveyed concurrently from Anoka County to the City, then from the City to PSD, LLC. These documents, which <br />were reviewed and approved by the City Attorney, the Anoka County Attorney, and the Attorney for PSD, LLC, <br />are attached and include the following; <br />1. County deed to City for Tracts A and B <br />2. City deed to PSD, LLC for Tract B <br />3. Easement agreement between 2-01, LLC, the City and County <br />4. County easements to City over Tract C <br />Approval Process/Schedule <br />To the best of Staff's knowledge, the Anoka County Board will consider approving document numbers 1 and 4 at <br />their March 12, 2019 regular meeting, and 2-01, LLC is in the process of executing document 3. Once the four <br />documents are executed by the appropriate parties, City Staff will simultaneously record all four executed <br />documents in the order above with Anoka County. All parties have expressed approval of the documents and this <br />process/schedule. <br />Notification: <br />No notifications are required for this case. <br />Observations/Alternatives: <br />