Agenda - Council - 07/25/2006 - Laserfiche WebLink

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considerable more time than had been anticipated. The City began making.efforts to acquire the . property through the RALF Program during the fall of2005; however, because of RALF funding problems, the acquisition was delayed until just recently. Mr. Norman stated Mr. Deal has agreed to a price to acquire Outlot FF from RTC, LLC. Mr. Deal has requested that the funding for the sale' of his ,Anchor's A way building be expedited; however, it appears that the' sale of that property will not be completed until late in the month of May. City Administrator Norman stated he had been considering the City providing Mr. Deal with interim financing assistance to acquire Outlot FF of the Ramsey Town Center. However, the Finance Officer has indicated the funds are not available at this time. He requested the Council consider directing him to work with R TC, LLC to go before the banks and request another extension, and to show that the City wants this project to go forward, and that the City will complete this Anchor' s Away acquisition as soon as funds become available through the RALF program. Councilmember Olson inquired if there is an expected timeframe of when the RALF funds will come through. . City Administrator Norman replied the expected timeframe is three to five weeks. Mayor Pro Tern Elvig noted the Council has been in consensus of wanting to get this deal done. The issue has only been of timing and financing, and of when the deal can be completed. He 'questioned if there is anything the Council can do to help move the timeframe up. . City Administrator Norman replied staff will continue to move the process along as quickly as possible. Motion by Councilmember Cook, seconded by Councilmember Strommen, to direct staff to work with Ramsey Town Center, LLC to communicate theCity's commitment to this acquisition to the 19 participating banks, and to facilitate the RALF funding acquisition of the Anchor's Away property as soon as it is practicaL Motion carried. Voting Yes: Mayor Pro Tern Elvig, Councilmembers Cook, Strommen, Jeffrey, Olson, and Pearson. Voting No: None. 'Absent: Mayor Gamec. Case #2: Consider Condemnation of Property in Ramsey Crossings Project City Administrator Norman reviewed that the COurlcil took action earlier this year' to begin eminent domain on 16 parcels within the project area defined as Ramsey Crossings. 'One property located at 14550 Armstrong Boulevard was under a separate eminent domain action by . Anoka County for right-of-way acquisition along Armstrong Boulevard. There is concern by staff and the City Attorney that the property owner may only have a partial piece of the property taken and could ask the City to move the pumps and continue to operate in this ,location:.. Staff. ' and the City Attorney have determined that it 'would be in the best interest of ~he project to include the North Maple Holdings property with the 16 other properties that the Council began eminent domain action on. Mr. Norman explained he does not have the proposed resolution with, . Special City Councill May 2, 2006 Page 2 of 4 -68- .