Agenda - Council - 02/13/2007 - Laserfiche WebLink

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Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Olson, Elvig, Jeffrey, • Pearson, and Strommen. Voting No: None. Assistant City Administrator Nelson indicated the 2007 City health insurance contribution also needs to be approved for Sergeants. Motion by Councilmember Cook, seconded by Councilmember Olson, to approve 2007 City health insurance contribution for Sergeants. Motion carried. Voting Yes: Mayor Gamec, Councilmembers Cook, Olson, Elvig, Jeffrey, Pearson, and Strommen. Voting No: None. Case #13: Option Property Development Partnership Assistant City Administrator Nelson indicated the City Administrator was approached by Jim Deal of P.S.D., LLC recently with the request to become the developer for the option properties in the Ramsey Town Center. The option properties are the two sites that can be used for a cinema project and a community center /fitness center. Mr. Deal prepared an agreement for the City to consider and requested that it be.forwarded for Council consideration. The agreement is included in the Council's packet. The City Attorney has requested the following language be added to the agreement. RECITALS E. PSD is willing to assist the City with the development of Ramsey Town Center as a • whole and the Option Property in particular. The City desires the assistance of PSD with respect to &ueh the development of the option properties AGREEMENT 1. "...for uses consisting of some or all of a hotel, health club /fitness center, cinemas, retail stores, apartments, condominiums, community center or any other use approved by the City and as permitted by the City options 4. This agreement may be cancelled at the option of either party upon a prior written receipt of notice of 30 days by either party. Upon said written notice neither party shall have any legal obligation to the other as a result of this agreement. Mayor Gamec asked if this agreement would set up a working relationship with P.S.D., LLC in regards to City property: City Attorney Goodrich replied it would be his assumption that P.S.D., LLC would find a developer on behalf of the City to develop that property and - would be paid a fee. The agreement is fairly loose, which is why he suggested a 30 day termination clause be included. P.S.D., LLC would be granted the exclusive opportunity with the option properties. Councilmember Elvig indicated he tends to agree with the need for an exclusive agreement on these properties. Mr. Deal has put a fair amount of money into this area, and does not need to find out he is in competition with the people he has been sharing ideas with. He suggested rather than language stating P.S.D., LLC would be paid a fee that the agreement state "the City may • pay a fee or not ". He noted there should likely be a timeframe for the agreement, but the City Council / December 28, 2006 Page 24 of 27 —132