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Background: <br />The City entered into what " is termed "The Parking Improvement Use and Maintenance Agreement" with <br />Ramsey Town Center, LLC on February 28, 2005, which was included as part of the Master Development <br />Agreement between the City and RTC. <br />Per Section 8 of the Parking Agreement, staff must prepare and submit a proposed budget of anticipated parking <br />maintenance costs for the next calendar year. City Council adopted the 2007 Parking Ramp Maintenance <br />budget at its regular meeting of November 14, 2006. <br />Per Section 9 of the same Parking Agreement Council must also adopt a resolution allocating the budgeted <br />parking maintenance costs to benefiting parcels by November 30, 2006. The resolution with respective <br />benefiting parcels is attached for adoption. <br />Council Action: <br />CC: 11/28/06 <br />ADOPT RESOLUTION ALLOCATING PARKING RAMP MAINTENANCE COSTS <br />By: Diana Lund, Finance Officer <br />Consent:' <br />Approve attached Resolution #06- 11 -XXX Allocating the the 2007 budgeted parking maintenance costs to <br />benefiting parcels. <br />