Laserfiche WebLink
<br />WHEREAS <br />, the City applied for and received a grant award of $612,000 from the <br />MnDOT Local Partnership Program (LPP) which can only be used for construction costs for <br />Riverdale Drive (not for tree preservation); and <br /> <br />WHEREAS <br />, the City has identified the ACHRA Fund as a viable source for city <br />contribution costs associated with the construction of Riverdale Drive (not for tree preservation); <br />and <br /> <br />WHEREAS <br /> , the City has been unsuccessful in obtaining additional funding for Riverdale <br />Drive and preservation of 7 Acres of Forest. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> <br />1.That the Ramsey City Council hereby approves a revised Cost Share Framework for the <br />construction of Riverdale Drive and Riverstone South attached hereto as Exhibit A <br />generally as follows: <br /> <br />a.Riverdale Drive – Developer and Property Owner’s contribution towards the <br />Riverdale Drive Extension Project is currently estimated at $352,757 for each party <br />before a private assessment agreement allocation; subject to change based on final <br />construction costs and associated lineal footage. <br /> <br />i.Detailed Cost Share Framework, including the private assessment <br />agreement allocation agreed to by the developer and land owner is outlined <br />on Exhibit A. <br /> <br />b.Tree Preservation – Developer shall convey a 7 acre parcel to preserve a portion of <br />the existing forest as indicated on the Preliminary Plat. <br /> <br />i.The City will work credit $350,000 towards Capstone’s contribution to <br />Riverdale Drive in exchange for this conveyance. (ACHRA - $239,875 and <br />PIR $110,125); subject to change based on final construction costs and <br />associated lineal footage <br /> <br />ii.The City continues to not support an additional credit to Park Dedication <br />Fees to fund this $350,000 tree preservation expenditure. <br /> <br /> <br />2.That the Ramsey City Council hereby approves a funding request to the Anoka County <br />Housing and Redevelopment Authority in the amount of $950,000 towards the City’s <br />contribution to Riverdale Drive Construction Project. <br /> <br />3.That the Ramsey City hereby approves the use of the PIR Fund to fund a portion of the <br />tree preservation credit in an amount not to exceed $150,000. <br /> <br />4.The City council Agrees that a city contribution to a collector road has broader public <br />benefit and that the revised cost share framework attached hereto as Exhibit A is close to <br />the (non-binding) framework approved by the City Council on January 26, 2021. <br /> <br /> <br /> <br /> <br />RESOLUTION #21-185 <br />Page 2 of 4 <br /> <br />