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2A, TCAAP Stadium Update
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2A, TCAAP Stadium Update
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10/23/2024 12:05:29 AM
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5/27/2011 1:18:57 PM
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Special City Council Meeting
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-"iRQEN�HILLS <br /> MEMORANDUM <br /> DATE: June 1, 2011 <br /> TO: Honorable Mayor and City Councilmembers <br /> FROM: Patrick Klaers, City Administrator �� <br /> Jill Hutmacher, Community Development Director <br /> SUBJECT: Analysis of Ramsey County Agreement with Minnesota Vikings <br /> A March 21, 2011, letter from the City Administrator to the Ramsey County Manager outlined <br /> the City's principal concerns with a stadium development. On May 10, 2011, Ramsey County <br /> (the "County") and the Minnesota Vikings (the "Team") announced that they had come to an <br /> agreement to jointly pursue the development of a new multi-purpose stadium on the TCAAP site <br /> in Arden Hills. The County and the Vikings released their "Principles of Agreement for the <br /> Development of a New Multi-Purpose Stadium" (the "Terms") which essentially is a term sheet - <br /> outlining the components of future legal documents to be executed by the County and the Team. <br /> The Terms address several of the City's issues identified in the March 21, 2011, letter, but does <br /> not wholly alleviate the City's concerns. As this project may move forward at a rapid pace in <br /> June, with a special session being anticipated before the end of the month, Staff recommends that <br /> the City ascertain which concerns have not yet been addressed and work with the County to <br /> ensure that those concerns are addressed in the final legal documents. <br /> Following are the City's seven principal concerns as described in the March 21, 2011, letter and <br /> a description of whether and how these concerns are addressed in the Terms. <br /> City Concern 4 : New TCAAP Development roust support its own infrastructure costs. <br /> Letter of March 211,2011: The City has affirmed that any TCAAP development must pay for <br /> itself. The City will not support any development project that requires infrastructure costs to be <br /> paid by existing Arden Hills residents or businesses. Any development must be supported by <br /> regional transportation improvements that limit traffic increases on City roads. The City will <br /> work with Ramsey County to determine specific transportation and infrastructure needs. <br /> The Terms: The County will provide conduit funding for off-site transportation infrastructure <br /> improvements and issue bonds for a period not to exceed twenty years. MnDOT shall be <br /> City of Arden Hills <br /> City Council Meeting of June 1, 2011 <br /> Page 1 of 5 <br />
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