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Councilmemb~r Sorteberg introduced the following resolution and moved for <br />J_~s adoption: <br /> <br />RESOLUTION #82-158 <br /> <br /> WHEREAS, Federal Cartridge Corporation has indicated that it is <br />willing to give as a gift approximately 45 acres of unimproved land to the <br />City of Ramsey, which 45 acres is legally described as follows, to-wit; <br /> <br />Southwest Quarter of the Northwest Quarter (SW ¼ <br />of NW ~) and the West 185 feet of the Southwest <br />Quarter of said Northwest Quarter (SW ¼ of NW ¼), <br />all in Section 16, Township 32, Range 25, Anoka <br />County, Minnesota; <br /> <br />and <br /> <br /> WHEREAS, prior to finalizing and transferring fee title to the <br />said 45 acres, Federal Cartridge desires the following information regarding <br />the City's plans for the property, to-wit: <br /> <br /> 1) How will the property be developed and for what use will it <br />be developed? <br /> <br />2) How will the City finance the development of the property? <br /> <br />and <br /> <br /> WHEREAS, it has been estimated that the cost to fully develop the <br />entire 45 acres as parkland will cost approximately $700,000.00. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, CITY OF RAMSEY, ANOKA COUNTY, <br />STATE OF MINNESOTA, as follows: <br /> <br /> 1) That when presented, the City will gratefully accept from the <br />Federal Cartridge Corporation fee title to the above referred to 45 acres and <br />dedicate its use as parkland. <br /> <br /> 2) That the City plans to develop the 45 acres as a central park <br />over a ten (10) year period, the development plan to be basically as that <br />shown on the attached Exhibit "A". <br /> <br /> 3) That the City intends to finance the park improvement over the <br />ten (10) year period by expending $72,000.00 per year on the development plan. <br />The $72,000.00 per year will be obtained either through Ad Valorem taxes and/or <br />general revenue sharing funds if available. In addition, the City intends to <br />seek funds from Metropolitan and State grant funds, private donations of dollars <br />and volunteer work in order to fully develop the property. <br /> <br /> 4) That the City's capital improvement budget for the next ten <br /> (10) years will reflect the City's commitment to finance the park improvement <br />project as above outlined. <br /> <br /> 5) That the timing of the park improvement project may be speeded <br />up should the citizens of the City propose and vote favorably on a referendum <br />to issue the City's general obligation improvement bonds to finance the project <br />at a faster pace than as outlined above. <br /> <br /> <br />