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Bus'iness Item <br /> Transportation Committee <br /> METROPOLITAN <br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . <br /> Committee Meeting Date: June 10, 2024 For the Metropolitan Council: June 26, 2024 <br /> Business Item: 2024-154 <br /> Partial Right-of-Way Acquisition Loan Repayment from City of Ramsey. <br /> Distri ct(s), Mem ber(s): District 9, Morales <br /> Policy/Legal Reference: Minn. Stat. § 473.167, Subd. 2 <br /> Staff Prepared/Presented: Tony Fischer, Transportation Planner (651-602-1703) <br /> Amy Vennewitz, Deputy Director Transportation Planning (651-602-1058) <br /> Division/Department: MTS <br /> Proposed Action <br /> That the Metropolitan Council authorize the City of Ramsey to sell a part of one parcel purchased <br /> with Right-of-Way Acquisition Loan Fund loan number L0502 for the agreed upon value and <br /> forward those funds to the Council in partial satisfaction of this loan. <br /> Background <br /> Minn. Stat. Section 473.167, subdivision 2 established the Right-of-Way Acquisition Loan Fund <br /> (RALF) program to allow the Council to make loans to cities to purchase right-of-way needed for <br /> future highway use in advance of the land being developed or redeveloped, with the goal of <br /> avoiding more costly acquisitions. <br /> In 2005 the City of Ramsey (the City) purchased a parcel (Anoka County Property ID 34-32-25-12- <br /> 0013) through the RALF program that was anticipated to be used for future Highway 10 <br /> improvements (Figure 1). Under this program the Met Council made aloan to the City for <br /> ■ $1,165,249 to a for the urchase. <br /> pay p <br /> ■ <br /> RALF loans are only given when there is near certainty that the property will be needed in the <br /> future; however, in the years following the issuance of this loan, road authorities have reduced <br /> right-of-way needs for projects to both reduce costs and the impacts to the neighboring <br /> Z communities. After a reevaluation of the corridor improvement plans this parcel was no longer <br /> necessary for the long-term vision of Highway 10 through the City. This spring construction began <br /> 0 on the highway improvements. <br /> 0 <br /> n <br /> 0 <br /> 1 <br />