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<br />will reimburse the developer for this cost under the terms described in Section 5 (f) (2) and <br />Exhibit E. The First Amendment to the PDA also states that the City will reimburse the <br />developer for pre-design costs if the City receives grant funds from the federal government, State <br />of Minnesota, Ramsey County, or Metropolitan Council during the term of the PDA. <br /> <br />The second requested action by Council is to approve Resolution No. 07-51 (attached.) This <br />resolution is proposed in order to establish the pre-design funds as eligible for reimbursement <br />should other funds be secured for the project. This resolution refers back to the First <br />Amendment of the PDA. <br /> <br />ACTION REQUESTED <br />1. Motion to Approve First Amendment to the Preliminary Development <br />Agreement between the City of Arden Hills and RRLD, LLC. <br />2. Motion to Approve Resolution No. 07-51 Relating to Financing of Project; <br />Establishing Intent with Respect to Reimbursement <br /> <br />Attachments <br />MW <br /> <br />\\metro-inet\ardenhills\Admin\City Adminislrator\Memo\2007\4-30-07 Memo RE c.R. H.doe <br />