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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #21-185 <br />RESOLUTION APPROVING REVISED COST SHARE FRAMEWORK FOR RIVERDALE DRIVE <br />AND RIVERSTONE SOUTH AND AUTHORIZING APPLICATION TO ANOKA COUNTY <br />HOUSING AND REDEVELOPMENT AUTHORITY <br />WHEREAS, Riverstone Development LLC, hereafter referred to as "Developer", properly applied for <br />Preliminary Plat approval of the following described property located in the City of Ramsey: <br />That part of Northwest Quarter of Northwest Quarter, Section 29, Township 32, Range 25 lying <br />northeaster of northeasterly right of way line of Burlington Northern Rail Road and lying westerly and <br />southerly of the north 60 feet of east 40 feet of said Quarter Quarter, except road subject to easement of <br />record, Anoka County, Minnesota <br />- and- <br />The Northwest Quarter of Southwest Quarter of Section 20, township 32, Range 25 except east 40 feet <br />of said Quarter Quarter lying southerly of southerly right of way line of Alpine Drive NW and except <br />north 40 feet of south 100 feet of west 40 feet of east 80 feet of said Quarter Quarter, except road subject <br />to easement of record, Anoka County, Minnesota <br />- and- <br />The Southwest Quarter of Southwest Quarter of Section 20, Township 32, Range 25 lying west of east <br />40 feet thereof, except road subject to easement of record, Anoka County, Minnesota <br />(the `Subject Property'); <br />WHEREAS, the City and Developer have been working on a long-range land use plan for the Subject <br />Property since the end of 2019; and <br />WHEREAS, the City approved a cost share framework in concept for the extension of Riverdale Drive <br />on March 24, 2020; and <br />WHEREAS, the City approved a revised cost share framework for the extension of Riverdale Drive on <br />January 26, 2021; and <br />WHEREAS, the City adopted Resolution #21-101 directing staff to identify and seek outside funding <br />sources assist with the cost of Riverdale Drive Extension and the Tree Preservation Credit; and <br />WHEREAS, the City applied for and received a grant award of $612,000 from the MnDOT Local <br />Partnership Program (LPP) which can only be used for construction costs for Riverdale Drive (not for tree <br />preservation); and <br />WHEREAS, the City has identified the ACHRA Fund as a viable source for city contribution costs <br />associated with the construction of Riverdale Drive (not for tree preservation); and <br />RESOLUTION #21-185 <br />Page 1 of 4 <br />