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Councilmember Williams introduced the following resolution and moved for its adoption: <br />RESOLUTION #1642-246 <br />RESOLUTION APPROVING AMENDED AND RESTATED DEVELOPMENT <br />CONTRACT (PARTIAL RELEASE) FOR ALPHA DEVELOPMENT <br />WHEREAS, the City of Ramsey and Hageman Holdings, LLC entered into a <br />Development Contract for Alpha Development and Legacy Christian Academy Site Plan for <br />the following described property located in the City of Ramsey on May 19, 2011 (Anoka County <br />record: 202343.005) <br />Lot 1, Block 1 and Outlots A, B, C, and D, ALPHA DEVELOPMENT, Anoka County, <br />Minnesota. <br />(the `Subject Property'); <br />WHEREAS, on August 30, 2016, the City of Ramsey received a request from Hageman <br />Holdings, LLC to amend and restate the Development Contract dated May 19, 2011; and <br />WHEREAS, Hageman Holdings, LLC is in the process of obtaining financing for a large <br />construction project; and <br />WHEREAS, Hageman Holdings, LLC is seeking clean title to their property to apply for <br />financing; and <br />WHEREAS, on September 08, 2016, the Ramsey City Attorney and Community <br />Development Director drafted, reviewed, and recommended approval of the Amended and Restated <br />Development Contract; and <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TIIE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That the Ramsey City Council hereby approves the amended and restated development <br />contract (partial release) .for alpha development, subject to final review and approval by <br />the City Attorney. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Strornmen <br />Councilmember Williams <br />C o unc ilmemb er Kuzma <br />Councilmember Johns <br />C ounc ilmemb er Riley <br />Councilmember Shryock <br />