Minutes - Council - 08/08/2023 - Laserfiche WebLink

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they get to the same return on investment threshold. He stated that at this point they could even reduce the amount of the TIF note if the project performs above expectations; however, if the project performs at or below expectations then nothing would change with the TIF note. Councilmember Specht stated that he loves the project and likes the idea of having it in Ramsey. He shared that he is not a huge supporter of not being on the tax rolls for 20 years. Mayor Kuzma shared that he does support this project as he believes in bringing in additional workforce housing is important to the community. He stated that even though they will not be seeing any of the tax revenue for 20 years, when it does come on the tax roll it will help the tax base. Motion by Councilmember Woestehoff, seconded by Mayor Kuzma, to Adopt Resolution #23- 174 Resolution Approving Term Sheet for Presbyterian Homes Housing Project; Haviland Fields as presented; subject to City Attorney review. Motion failed. Voting Yes: Mayor Kuzma and Councilmembers Woestehoff and Olson. Voting No: Councilmembers Howell, Musgrove, Riley, and Specht. 7.02: Adopt Resolution #23-173 Approving Purchase Agreement for Portion of Outlot A, COR TWO; Centra Homes - Parcel 46 Economic Development Manager Sullivan reviewed the Staff report in regard to the purchase of a portion of Outlot A, COR two. He shared the EDA’s recommendation of approval for the purchase agreement and right of reentry agreement. Councilmember Riley shared that the EDA had presentations from two different developers and this project was the one that fit The COR framework. He noted that this one offers the full park dedication fee and met all other criteria. Motion by Councilmember Riley, seconded by Councilmember Woestehoff, to Adopt Resolution #23-173 Approving Purchase Agreement for Portion of Outlot A, COR TWO; Centra Homes - Parcel 46; subject to City Attorney review. Further discussion: Councilmember Musgrove thanked Staff for their working in helping make this agreement for partial road payment as well. She stated that both developers brought a good product; however, Centra Homes project did fit better in The COR. She shared that she will be supporting this. Motion carried. Voting Yes: Mayor Kuzma, Councilmembers Riley, Woestehoff, Howell, Musgrove, Olson, and Specht. Voting No: None. 7.03: Adopt Resolution #23-176 Accepting Bids and Awarding Contract for Improvement Project #23-20, COR Mass Grading City Council / August 8, 2023 Page 9 of 16