8D, Resolution of Support for Acquistion and Remediation of TCAAP by Ramsey County

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� �i�R�EN,HILLS MEMORANDUM DATE: June 25, 2012 TO: Honorable Mayor and Councilmembers Patrick Klaers, City Administrator FROM: Jill Hutmacher, Community Development Director J� SUBJECT: Acquisition of TCAAP by Ramsey County Requested Action Approve Resolution 2012-023 in support of acquisition and remediation of the Twin Cities Army Ammunition Plant (TCAAP) site by Ramsey County. Back�round In 2010, the Minnesota Vikings expressed an interest in constructing a new stadium at the TCAAP site in Arden Hills. On February 15, 201 l, the Ramsey County Board adopted Resolution 2011-075 declaring its interest in pursuing the potential acquisition and remediation of land and making public infrastructure improvements to allow for a stadium project on the TCAAP site. As part of the due diligence, Ramsey County entered into negotiations with the General Services Administration (GSA) to acquire the site. On November 15, 2011, the Ramsey County Board approved an offer to purchase 430 acres of the TCAAP site for $28.5 million, net of costs for demolition and environmental remediation. Although the Minnesota Vikings ultimately received legislative approval and funding for construction of a new stadium facility in Minneapolis, Ramsey County remains interested in the acquisition, remediation, and productive reuse of the TCAAP site to facilitate economic growth in the north metro. Ramsev County Acquisition of TCAAP In Apri12011, the Ramsey County Board approved a fixed-price contract with Bolander and Sons in the amount of $20,660,000 for demolition of buildings and site remediation. The majority of the contract cost, approximately $15 million, is for building demolition. The remainder of the contract cost is for site remediation. The demolition of two buildings and City of Arden Hills City Council Meeting June 25, 2012 Page 1 of 2