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Agenda - Economic Development Authority - 03/10/2022
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Agenda - Economic Development Authority - 03/10/2022
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3/14/2025 12:45:00 PM
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3/10/2022 9:58:25 AM
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Meetings
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Agenda
Meeting Type
Economic Development Authority
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03/10/2022
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The Ramsey Gateway Project is now fully funded and negotiations for property acquisitions for the project are now <br />beginning. Anoka County is the lead agency that is responsible for putting offers together for parcels that may be <br />impacted, closing the transactions and ultimately processing relocation benefits as required by law. It is possible <br />that the City of Ramsey might end up with the ownership of some of the land parcels acquired as part of the <br />Ramsey Gateway Project by allocating the required city contribution to land acquisition. This ultimately will be <br />decided by the City Council, Anoka County and other agencies involved in the project. <br />Staff is looking for authorization to enter into a contract with LHB to conduct inspections and develop "findings" <br />that will allow the city to maximize its ability to recover costs, or to provide incentives if a redevelopment TIF <br />District is created in the future. <br />Alternatives: <br />1) Authorize Staff to execute contract with LHB to obtain letters of findings for potential TIF District (as presented) <br />2) Something else. <br />and; <br />1) Recommend to City Council that the City of Ramsey consider concept of using available, required contribution <br />funds for the Ramsey Gateway Project on land acquisition / demolition expenses <br />2) Something Else <br />Funding Source: <br />The expense for inspections has been previously approved by the EDA. The funding source would be the EDA <br />Professional Services line item 9230.6315. A project code is being set up for the costs incurred for a future potential <br />Tungsten TIF Redevelopment District. <br />The funding source for potential acquisition costs and demolition would be from MSA or PIR funds. <br />Recommendation: <br />Staff recommends that the City enter into a contract with LHB to conduct inspections of buildings that have the <br />potential to be acquired as part of the Ramsey Gateway Project. <br />Staff also recommends the the EDA recommend to City Council that the City of Ramsey consider concept of using <br />available, required contribution funds for the Ramsey Gateway Project on land acquisition / demolition expenses. <br />Action: <br />Motion to direct Staff to enter into contract with LHB to conduct inspection services and obtain letters of findings. <br />and; <br />Motion to recommend to City Council that the City of Ramsey consider concept of using available, required <br />contribution funds for the Ramsey Gateway Project on land acquisition / demolition expenses. <br />Attachments <br />TIF Feasibility Analysis Map <br />ACTION - LHB building Inspection Proposal <br />REFERENCE - Ehlers Redevelopment TIF Memo <br />REFERENCE-9.12.19 EDA Case <br />REFERENCE - 9.12.19 EDA Minutes <br />Form Review <br />
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