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<br />Councilmember Peters introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION #25-282 <br /> <br />RESOLUTION APPROVING AN AMENDED AND RESTATED DEVELOPMENT <br />AGREEMENT <br /> <br /> WHEREAS, the City of Ramsey, Minnesota (the “City”) and Zero Zone Refrigeration, <br />LLC (the "Developer") entered into a Development Agreement (the “Original Agreement”), dated <br />October 14, 2025, in which the City agreed to provide tax increment financing to the Developer in <br />connection with the construction by the Developer of an approximately 55,000 square foot <br />expansion of the Developer’s existing facility for the manufacturing of commercial and industrial <br />refrigeration systems (the “Project”) (the "Project") located within the City; and <br /> <br /> WHEREAS, the City and the Developer have agreed to amend certain terms within the <br />Original Agreement to prohibit the ability to petition from 2034 until the Termination of TIF Distrit <br />19 pursuant to an Amended and Restated Development Agreement (the “Amended and Restated <br />Development Agreement”); and <br /> <br /> WHEREAS, TAFT Law, the City TIF Attorney, has drafted the Amended and Restated <br />Development Agreement and recommends approval by the City Council; and <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THIS CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) The City hereby approves the Amended and Restated Development Agreement in <br />substantially the form submitted and the Mayor and City Administrator are hereby <br />authorized and directed to execute the Amended and Restated Development Agreement on <br />behalf of the City. <br /> <br />2) The approval hereby given to the Amended and Restated Development Agreement includes <br />approval of such additional details therein as may be necessary and appropriate and such <br />modifications thereof, deletions therefrom and additions thereto as may be necessary and <br />appropriate and approved by the City officials authorized by this resolution to execute the <br />Amended and Restated Development Agreement. The execution of the Amended and <br />Restated Development Agreement by the appropriate officer or officers of the City shall <br />be conclusive evidence of the approval of the Amended and Restated Development <br />Agreement in accordance with the terms hereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Stewart, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Heineman <br /> Councilmember Peters <br /> Councilmember Stewart <br /> Councilmember Buscher <br /> Councilmember Olson <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />