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LiN <br /> MEMORANDUM <br /> DATE: April 26, 2010 - <br /> TO: Mayor and City Council <br /> Sue Iverson,Acting City Administrator <br /> FROM: James Lehnhoff, Community Development Director <br /> SUBJECT: TCAAP Reuse and Public Sale Update <br /> General Service Administration (GSA) Conference Call <br /> A conference call was held with Kevin Legare at the GSA on Tuesday, April 13. During the <br /> call, Mr. Legare stated that they were continuing to work on the Invitation for Bid (IFB) for the <br /> public auction, particularly the terms related to the environmental remediation. Since the <br /> previous conference call on March 15, the concept for completing the remediation has evolved. <br /> During prior discussions, Mr. Legare stated that the GSA and Army were considering a process <br /> where the purchaser would not take title to any portion of the TCAAP property until the <br /> environmental remediation to the industrial standard was complete throughout the property. The <br /> GSA is now considering a process whereby the remediated portion of the property would be <br /> transferred to the owner after a successful bid. However, the portions that require remediation to <br /> the industrial level would not be transferred until the remediation is complete. The purchaser <br /> would also be required to provide a financial surety for the estimated cost of the remediation plus <br /> an additional percentage to ensure that the remediation is complete. The GSA noted that this <br /> process has not been finalized. The GSA anticipated releasing a draft IFB by the middle of May. <br /> Mr. Legare indicated that the City would be given an opportunity to review the IFB prior to its <br /> official release. <br /> The GSA was accepting proposals from marketing firms through April 13, and they expected to <br /> select a marketing firm by the end of April. The second bidders' conference is still anticipated to <br /> occur the last week in May with the auction the last week in June. <br /> The next conference call with the GSA was not scheduled in time for the release of this update. <br /> Ramsey County Park and Open Space Requests <br /> Ramsey County has made great strides with the GSA and Army regarding the County's park and <br /> open space requests. While the details have not been finalized, the County is close to securing a <br /> commitment from the Army to have the requested land transferred to the County at no cost. The <br /> CADocuments and Settings\becky.brazys\Local Settings\Temporary Internet Files\Content.Outlook\2R69UP45\042610-CC Memo- <br /> TCAAP update.doc <br /> Page 1 of 2 <br />