Agenda - Council - 01/23/2007 - Laserfiche WebLink

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completed, and to provide Council with further infonnation regarding the lengt11 of time the moratorium can be extended. Councilmember Strommen noted tllere is currently a draft greenway plan in place. Information regarding the natural resource inventory assessment will be presented to the Council at the next City Council meeting. Zoning & Recycling Coordinator Anderson indicated the natural resource inventory assessment will require a 6 to 12 month timeframe to complete. Ramsey Crossings asher, LSA Design, provided the following update of the continued negotiations with Robert '1' regarding Amendment #1 of the Exclusive Rights Agreement on the Ramsey Crossings pr .~ Subsidy and Off-siteJ:mprovements Mr. Lasher indicated ir is asking for a subsidy of $3.35 million as a result of the costs of this project. In the original P, it was asked that Muir provide the City with a cash payment of $5.30 million for off-site ro way improvements. After Muir was selected, it was determined that the actual costs for the off- . e improvements were $3.50 million. Additionally, the City has requested that Anoka County pr . de their typical contribution to help cover these costs of approximately 30%, which in this cas quais approximately $1.35 million. Mr. Lasher stated in summary, the original sts for off-site improvements of $5.30 million have now been reduced to $2.10 million. To solve uir's request for subsidy, he is proposing that the City reduce Muir's payment for off-site improve nt costs down to $1.75 million. The City will use TIP proceeds to cover the balance of the Off-Sl improvements of $350,000 which are TIP eligible expenses. Land Acquisition Mr. Lasher stated at the last City Council work session he w directed to attempt to negotiate a change in the land acquisition process for the project. He met .~ _~uir today and they continue to work towards this goal. He hopes to have this fInalized for the \t Council meeting. Council and Mr. Lasher discussed the negotiations with Robert Muir. City Administrator Norman indicated Council will be given an update r . arding the continued negotiations prior to the next City Council meeting. They may soon b ready to direct the attorneys to begin drafting the development agreement. Mayor Gamec requested further information regarding the timetable on the project. Mr. Lasher replied originally MUir would have signed the development agreement by second week in February. At the last Council work session he was directed to cut 30 days and h development agreement completed by the middle of January. City Council Work Session / October 17,2006 Page 3 of 8 -255-