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City Administrator Norman suggested that they acquire the land at this time and then deal with <br />that issue at a later date. <br /> <br />Councilmember Kurak inquired if the City will become a landlord of the rental properties that <br />currently exist on the property. <br /> <br />City Attorney Goodrich replied that the City may be a landlord in terms of any lease the renters <br />may currently have. He noted that staff has been contacted by the agent representing Waste <br />Management and they have indicated that they will attempt to give notice to the renters before <br />closing. <br /> <br />Councilmember Hendriksen requested that the City Administrator review where the 1.6 million <br />dollars come from to acquire the land. <br /> <br />City Administrator Norman replied that the Council has authorized a TIF bond, which will be a <br />ten year note and will be paid back by the future tax increment the City receives from <br />development of the property. <br /> <br />Councilmember Hendriksen inquired as to the amount of bonds that will be sold. <br /> <br />City Administrator Norman replied 1.6 million dollars plus closing costs. <br /> <br />Councilmember Zimmerman inquired if the taxes collected on the property will pay for those <br />bonds. <br /> <br />City Administrator Norman replied yes. <br /> <br />Motion by Councilmember Hendriksen, seconded by Councilmember Kurak, to authorize the <br />purchase agreement drafted by the City Attorney to acquire the industrial property from Waste <br />Management, subject to final draft language review and approval by the City Attorney. <br /> <br />Motion can'ied. Voting Yes: Mayor Gamec, Councilmembers Hendriksen, Kurak, Anderson, <br />and Zimmerman. Voting No: None. <br /> <br />Case #7: Consider Contract Award for C.R. #116 Corridor Study <br /> <br />City Engineer Olson stated that the City of Ramsey has entered into a Joint Powers Agreement <br />with the City of Anoka and Anoka County to conduct a Corridor Study for the segment of C.R. <br />#116 between Seventh Avenue on the east and U.S. Highway 10 on the west. A request for <br />proposal was extended to seven consulting firms, which have strong transportation backgrounds. <br />Proposals were received from these firms with a tabulation of the results as follows: <br /> <br />· SRF Consulting, Inc. <br />· Bolten & Menk, Inc. <br /> <br />$43,970 <br />$49,94O <br /> <br />City Council/October 9, 2001 <br /> Page 11 of 24 <br /> <br /> <br />