Agenda - Council - 04/23/2019 - Laserfiche WebLink

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CC Regular Session 7. 4. Meeting Date: 04/23/2019 By: Sean Sullivan, Community Development Information Title: Adopt Resolution #19-093 Approving Revised Purchase Agreements for Land Exchange Related to COR Infiltration Pond Project; Case of PSD LLC (Previously Item 7.02) Purpose/Background: Purpose To consider approval of revisedpurchase agreement for Parcel 45 (Armstrong Retail Site) and related terms. On March 13, 2019 the City Council approved the purchase agreements for the sale of Parcel 45 and the acquisition of Part of Outlot A, Ramsey Town Center 13th Addition (Stormwater, ROW and remnant). As discussed in that approval, final acreages would be dependent on survey and verification by engineering of the two parcels that are being exchanged. During the survey for Parcel 45/Armstrong Retail Site, a portion of the site known as Parcel 4 and 5, Anoka County ROW Plat 90 created for the Armstrong Interchange were identified and these parcels are not usable and will not be conveyed as part of the transaction. This reduces the square footage being sold by the City to PSD, LLC by approximately 3,854 square feet. Based on survey and engineering calculations the following square footages were determined: Parcel 45 -100,003 square feet (previously estimated to be 103,857 square feet) Value - 100,003 X $6.21 = $621,019 (previously $644,952 - net decrease of $23,933) Pt. Outlot A, RTC l3th - 124,725 square feet (previously estimated to be 124,725 square feet) Value - 124,725 X $5.10 = $636,698 (no change) Based on the actual square footage calculations the City will now show an expense of $15,680 rather than revenue of $8,254 for the land acquisition portion of the land exchange. Staff believes this remains the most cost effective solution, rather than purchasing the necessary pond area without a land exchange for a cash impact of $638,698. Public Well Background The City selected the area west of Ramsey Boulevard and generally south of Bunker Lake Boulevard for the siting of new municipal wells in the 1990's. Five wells were developed in the area. The area was also selected for development of the COR (formerly known as Ramsey Town Center in the early 2000's). Stormwater Background The City is a member of the Lower Rum River Watershed Management Organization, (LRRWMO) a joint powers agreement with the cities of Andover and Anoka. The LRRWMO is required to update their plan every ten (10) years by state law. The State of Minnesota updated the requirements for WMO Plans prior to preparation of the current Third Generation Plan for the LRRWMO. The change included infiltration of the first inch of runoff from all impervious surfaces in an effort to reduce storm runoff entering the system. The Third Generation plan was updated in 2011 and included the requirement for infiltration of the first inch of runoff with the exceptions included in the state law. The infiltration law does allow for creating an infiltration mitigation project outside of any wellhead protection area. The mitigation project must receive an equivalent amount of runoff as the site being mitigated.