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7. COUNCIL BUSINESS <br />7.01: Adopt Ordinance #20-01 Rezoning Two Parcels at 9340 Highway 10 NW; Case of <br />MYWC, LLC <br />Deputy City Administrator Gladhill reviewed the staff report and recommendation of the <br />Planning Commission to adopt Ordinance #20-01 approving a Zoning Amendment for both <br />properties from B-1 Business to R-1 Residential (MUSA). <br />Motion by Councilmember Heinrich, seconded by Councilmember Musgrove, to waive the City <br />Charter requirement to read the ordinance aloud and adopt Ordinance #20-01 Amending section <br />117-90 "MAP" of the Chapter 117 of the City Code of Ramsey, Minnesota. <br />A roll call vote was performed by the Recording Secretary: <br />Councilmember Heinrich aye <br />Councilmember Riley aye <br />Councilmember Menth aye <br />Councilmember Kuzma aye <br />Councilmember Musgrove aye <br />Councilmember Specht aye <br />Mayor LeTourneau aye <br />Motion carried. <br />7.02: Adopt Resolution #20-022 Approving Purchase Agreement and Preliminary TIF <br />Financing Deal Structure for Part of Outlot A, COR Stone Brook Academy; Case of <br />Cobblestone Hotel Development, LLC (Portions may be closed to the public) <br />Deputy City Administrator Gladhill reviewed the staff report and recommendation of the EDA to <br />approve the Purchase Agreement and Structure of Tax Increment Financing Deal Structure. <br />Assuming the City Council is comfortable with the structure of the payment for the land, the <br />EDA recommends approval of Resolution #20-022 approving Purchase Agreement and <br />preliminary TIF financing deal structure for part of Outlot A, COR Stone Brook Academy; <br />subject to City Attorney approval as to legal form. <br />Councilmember Heinrich asked when the TIF district decertifies. <br />Deputy City Administrator Gladhill stated that the date would be sometime after 2030, noting <br />that he can follow up with the exact year. <br />Councilmember Menth stated that it gives him comfort that both the Planning Commission and <br />EDA have reviewed and are supportive of this project. He asked for additional details on the <br />land sale. <br />City Council / January 28, 2020 <br />Page 4 of 10 <br />