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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />,^~HILLS <br />City ot Arden Hills <br />Request for Council Action <br /> <br />Prepared by: KCB <br />Dept.: CD <br />Council Mtg. Date: 7/31/06 <br />Final Action Needed By: 7/31/06 <br /> <br />Agenda Item ij <br />Motion to approve the TCMP Offer to Purchase <br />Budgeted Amount: $0.00 <br />Actual Amount: $45.000.000 <br />Funding Source: Master Developer's Funds <br /> <br />Council Action Request: <br />Motion to approve the Offer to Purchase 585 acres of the Twin Cities Army Ammunition Plant excess <br />property from the United States Army. <br /> <br />Staff Recommendation': <br />'Pending receipt of final Offer to Purchase <br /> <br />Advisory Commission Action: <br /> <br />Commission <br /> <br />Date <br /> <br />Action <br /> <br />Planning <br />PTRC <br /> <br />Not <br />Not <br />Not applicable <br /> <br />Supporting Documents (which are attached to this Action Form): <br /> <br />X Memo/Letter: <br />Staff Memo <br />o Resolution (No. ) <br />o Ordinance (No. ) <br />o Engineering Recommendation: <br /> <br />o Altorney Recommendation: <br /> <br />o Other: <br /> <br />Financial Implications: <br />The purchase price of $45,000,000 will be paid by the Master Developer and will be off-set (reduced) by <br />costs associated with the clean-up of the property, costs of insurance for the property. and <br />administrative/oversight costs associated with the purchase and clean-up. <br /> <br />Administrator/Staff Comments: <br />The Offer to Purchase is subject to data privacy laws until it has been finalized and therefore is not <br />altached to this Action Form. <br /> <br />Page 1 of 1 <br />