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Property acquisition along Hwy 10 for the Ramsey Gateway project has commenced by Anoka County. Anoka <br />County has presented a Settlement Agreement to acquire Parcels 60, 62, 65, 68 and 69, Anoka County ROW Plat <br />No 103 and Parcel 7PE, Anoka County ROW Play No 102 from the City of Ramsey. The partial payment <br />amounts for the partial acquisitions is highlighted above. Future sales of remnant parcels that the city holds are <br />based on "Fair Market Value" in the event that they are not needed for the highway project. Staff supports the <br />sale of the parcels identified above. <br />Alternatives: <br />1) Adopt Resolution #23-018 Approving Settlement Agreement and Sale of Multiple RALF Parcels for <br />Ramsey Gateway Project(as presented); subject to City Attorney review. <br />2) Adopt Resolution #23-018 Approving Settlement Agreement and Sale of Multiple RALF Parcels for <br />Ramsey Gateway Project (with changes); subject to City Attorney review. <br />3) Something else <br />Funding Source: <br />There is no cost to the city for this transaction. The proceeds from the sale will be used to pay off portions of <br />RALF Loans L-08-01, L-07-05, L04-04, L05-03 and L-06-02. The County of Anoka will be responsible for <br />all the closing costs of these sales transactions. <br />Recommendation: <br />Staff recommends adoption of Resolution #23-018 Approving Settlement Agreement and Sale of Multiple <br />RALF Parcels for Ramsey Gateway Project(as presented); subject to City Attorney review. <br />Action: <br />Motion to Adopt Resolution #23-018 Approving Settlement Agreement and Sale of Multiple RALF Parcels <br />for Ramsey Gateway Project(as presented); subject to City Attorney review. <br />ACTION - Resolution #23-018 <br />ACTION - Settlement Agreement <br />Reference - Hwy ROW Plat No. 02 <br />Reference - Hwy ROW Plat No.103 <br />Closing Statement - 7PE <br />Closing Statement - 60 <br />Closing Statement - 62 <br />Closing Statement - 65 <br />Closing Statement - 68 and 69 <br />RALF Loan Outstanding Balances <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 01/04/2023 05:14 PM <br />Form Started By: Sean Sullivan Started On: 01/03/2023 08:09 AM <br />Final Approval Date: 01/04/2023 <br />