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<br />2) Ramsey Crossings Developer Selection <br /> <br />Jim Lasher, LSA Design, stated the Ramsey Crossings Review Committee met on June 9, 2006, <br />to discuss and score the RFP submittals for Ramsey Crossing. He provided an overview of the <br />discussion of the committee regarding the developer proposals for the Ramsey Crossings project <br />from Robert Muir Companies, Ryan Companies and Shingobee/Inland Real Estate Management <br />Co. Mr. Lasher advised at this time the review committee formally recommends that City <br />Council select Robert Muir Companies as their preferred developer for the Ramsey Crossings <br />project. Furthermore, the committee also recommends that City Council direct the City <br />Administrator and City Attorney to begin negotiations with Robert Muir Companies on the <br />Exclusive Rights Agreement that will define roles and responsibilities, specific performance <br />requirements of Robert Muir Companies, further refinement of their plan of finance and a <br />detailed schedule. It is anticipated that this should not take any longer than 30 to 45 days. <br /> <br />Councilmember Olson asked if the suggested uses of the buildings are able to be changed. <br /> <br />Ms. Lasher replied these are only suggested uses at this time. <br /> <br />Mayor Pro Tern Elvig asked if the City has any controls or input on the leases. <br /> <br />Mr. Lasher replied the committee has only talked about one specific lease, where they requested <br />the suggested use of an exercise facility be replaced with something that would not be in <br />competition with the fitness facility that has been discussed at Town Center. There have not <br />been any other controls requested at this time. <br /> <br />Mayor Pro Tern Elvig requested further information regarding the process at this point and <br />controls the City will have. He indicated he would not want to commit to $3.5 million in <br />assistance at this point. <br /> <br />Mr. Lasher explained prior to having the developer begin a full submittal package for the City is <br />the initial step of the Exclusive Rights Agreement. This agreement will lay out the broad picture <br />parameters about how the project will move forward and the economic conditions of the project. <br />It will include a more detailed analysis of uses and sources and the actual guarantee the <br />developer will bring to this project to be sure the City has little or no risk in the project. The <br />committee has recommended in the event that negotiations with Robert Muir companies are not <br />successful, that Council instruct the City Administrator and City Attorney to immediately begin <br />negotiations on the Exclusive Rights Agreement with Ryan Companies, the second highest <br />scoring team. <br /> <br />Tom Pompquist, President of Robert Muir Companies, stated he is grateful that the selection <br />committee selected the proposal of Robert Muir Companies; they are eager to begin working in <br />earnest on the Exclusive Rights Agreement. They have talked to a number of the users shown on <br />this site plan; this is a market driven project and he believes the interest is strong. He views the <br />development of a project of this nature as an interactive process; there will be a host of ideas <br />staff may bring, the developer may bring, and the market may bring, and a combination of the <br />various constituents involved in the process to get together and determine what will make sense <br /> <br />City Council Work Session / June 13, 2006 <br />Page 3 of 6 <br />