Laserfiche WebLink
<br />assess, which cities don't assess, and there are some cities that assess less and some that assess <br />more. There should be a review of this information without making blind statements without <br />factnal data. <br /> <br />Case #2: <br /> <br />Authorize Execution of ExcIusive Negotiation Agreement with Ryan <br />Companies US Inc. for Ramsey Crossings <br /> <br />Community Development Director Trudgeon reviewed that in 2006, the City solicited <br />development proposals from various developers for the redevelopment of land west of <br />Armstrong known as Ramsey Crossings. After reviewing those proposals, the City initially <br />selected RCM - Minnesota Corporation ("Muir") as a potential developer for the Development <br />Property. The City and Muir entered into an Exclusive Negotiation Agreement dated as of July <br />26, 2006. Muir terminated the Exclusive Negotiation Agreement by a letter to the City's <br />consultant, James Lasher of LSA Design, Inc. delivered on January 26, 2007. Mr. Trudgeon <br />stated Ryan Companies US, Inc. C'Ryan") was one of the developers that submitted a proposal in <br />response 'to the City's original request for proposals, and the City would like to enter into <br />negotiations with Ryan to determine if the City and Ryan can reach an agreement pursuant to <br />which Ryan would develop Ramsey Crossings. Ryan has indicated that this agreement is <br />necessary for them to proceed to have discussions with potential end users in the Ramsey <br />Crossings project. Mr. Trodgeon stated the costs for drafting the Exclusive Negotiation <br />Agreement and the negotiation with Ryan for the Ramsey Crossings project have been directed <br />to the Ramsey Crossings escrow account. It is the intention of the City to recover these costs as <br />part of the fmal agreement with Ryan Companies. <br /> <br />Councilmember Dehen questioned why the City would need to work with just one developer <br />with this exclusive agreement, rather than working with multiple developers to find out what will <br />be in the best interest of the City, as opposed to putting their eggs in one basket for 60 days. He <br />noted the City worked through this with Muir, and as he understands it, it seems a lot of that <br />work has been forged forward and could be used as a good stepping stone. <br /> <br />Mr. Trudgeon replied the long answer is that the City can do this anyway they would like; <br />however, there are very few development companies that can do a project of this magnitude. <br />When the City put out RFP's for this area, Ryan Companies was one of the. groups that <br />submitted. The short answer is that for Ryan or any developer to secure a contract with a <br />company to come into a project like this, those companies will want to see that the developer is <br />the real deal and can deliver the project. More specifically, Target has said they need to be sure <br />Ryan is working with the City, and they cannot commit until they know Ryan is working in <br />partnership with the City. The tenants need to have assurance that the project can happen and the <br />developer is representing himself properly in that he can develop the project within the <br />community. Ryan has requested that the City enter into this agreement, whjch helps their <br />negotiations with various tenants. <br /> <br />Councilmember Dehen questioned the reason for 60 days, as opposed to a shorter period of time. <br /> <br />City Conncil / Febrnary 13,2007 <br />Page 10 of25 <br /> <br />P100 <br />