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JOINT POWERS AGREEMENT <br /> FOR <br /> THE REDEVELOPMENT OF THE TWIN CITIES ARMY AMMUNITION PLANT <br /> THIS JOINT POWERS AGREEMENT (the "Joint Agreement" or the "JPA") is made <br /> and entered into as of the day of , 2012, by and between the City of <br /> Arden Hills, a Minnesota municipal corporation (the "City") and the County of Ramsey, a <br /> political subdivision under the laws of Minnesota(the "County"). <br /> RECITALS <br /> A. The County of Ramsey (the "County") is the Purchaser under that certain Offer to <br /> Purchase, as Amended (the "OTP"), by and between the County and the United States of <br /> America, by the General Services Administration, as Seller ("GSA"), for a portion of the real <br /> property located in the City of Arden Hills (the "City") commonly referred to as the Twin Cities <br /> Army Ammunition Plant ("TCAAP"). (The real property which is the subject of the OTP <br /> contains approximately 430 acres of land and is referred to in this Joint Agreement as the <br /> "TCAAP Site"). The purpose of County for purchasing the TCAAP Site is to facilitate the clean <br /> up of existing environmental contamination, elimination of blight and the redevelopment of the <br /> TCAAP Site for new development pursuant to the TCAAP Master Plan, as defined below. <br /> B. Portions of the TCAAP Site contain environmental contamination as more fully <br /> described in existing environmental reports (the "Contamination"). The OTP provides for <br /> remediation of the Contamination pursuant to a lease from GSA to County. At the closing of the <br /> sale and purchase as provided in the OTP, GSA will convey to County ownership of fee title to <br /> the land, and related improvements, of the TCAAP Site that is not contaminated (the "Initial <br /> Conveyance"), and will lease to County the contaminated portions of the TCAAP Site (the <br /> "Lease Site"). Pursuant to the Lease, County will undertake and complete within the time period <br /> as agreed to by and between County and GSA, which is currently contemplated to be at least <br /> three years, the remediation of the Contamination to a level sufficient to permit redevelopment <br /> on the Lease Site (the "County Remediation" and "Remediation" as defined hereafter). <br /> Conveyance of ownership of good and marketable fee simple title to the entire TCAAP Site to <br /> County will take place when the County Remediation is finished(the "Final Conveyance"). <br /> C. The TCAAP Site also contains buildings and other improvements that are no <br /> longer useable, are blighting influences, and need to be removed for the TCAAP Site to be fully <br /> redeveloped (the "County Site Clearance" and"Site Clearance" as defined herein). <br /> D. The New Development (as defined below in these Recitals and in Section 1.1 <br /> below) requires significant investment by County to purchase the TCAAP Site and complete the <br /> County Remediation and County Site Clearance, significant investment by City to work with <br /> County to develop and implement the redevelopment plans to guide the New Development, and <br /> significant investment in public infrastructure by City and County pursuant to the TCAAP <br /> Master Plan(as defined below). <br /> 1 <br />