Agenda - Council - 01/25/2022 - Laserfiche WebLink

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WHEREAS, the City applied for and received a grant award of $612,000 from the MnDOT Local Partnership Program (LPP) which can only be used for construction costs for Riverdale Drive (not for tree preservation); and WHEREAS, the City has identified the ACHRA Fund as a viable source for city contribution costs associated with the construction of Riverdale Drive (not for tree preservation); and WHEREAS, the City has been unsuccessful in obtaining additional funding for Riverdale Drive and preservation of 7 Acres of Forest. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1. That the Ramsey City Council hereby approves a revised Cost Share Framework for the construction of Riverdale Drive and Riverstone South attached hereto as Exhibit A generally as follows: a. Riverdale Drive — Developer and Property Owner's contribution towards the Riverdale Drive Extension Project is currently estimated at $3 5 2, 75 7 for each party before a private assessment agreement allocation; subject to change based on final construction costs and associated lineal footage. i. Detailed Cost Share Framework, including the private assessment agreement allocation agreed to by the developer and land owner is outlined on Exhibit A. b. Tree Preservation — Developer shall convey a 7 acre parcel to preserve a portion of the existing forest as indicated on the Preliminary Plat. 1. The City will work credit $350,000 towards Capstone's contribution to Riverdale Drive in exchange for this conveyance. (ACHRA - $239,875 and PIR $110,125 ); subject to change based on final construction costs and associated lineal footage The City continues to not support an additional credit to Park Dedication Fees to fund this $350,000 tree preservation expenditure. 2. That the Ramsey City Council hereby approves a funding request to the Anoka County Housing and Redevelopment Authority in the amount of $950,000 towards the City's contribution to Riverdale Drive Construction Project. 3. That the Ramsey City hereby approves the use of the PIR Fund to fund a portion of the tree preservation credit in an amount not to exceed $150,000. 4. The City council Agrees that a city contribution to a collector road has broader public benefit and that the revised cost share framework attached hereto as Exhibit A is close to the (non -binding) framework approved by the City Council on January 26, 2021. RESOLUTION #21-185 Page 2 of 4