HomeMy WebLinkAbout07-051
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~HILLS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 07-51
A RESOLUTION RELATING TO FINANCING OF PROJECT; ESTABLISHING
INTENT WITH RESPECT TO REIMBURSEMENT
BE IT RESOLVED, by the City Council of the City of Arden Hills (the "City"), as
follows:
WHEREAS, as part of the potential redevelopment of the Twin Cities Army
Ammunition Plant ("TCAAP") site in the City, the City anticipates the possible need for
certain improvements to the interchange of County Road H and Interstate 35W (the "County
Road H Project"); and
WHEREAS, the City intends to seek funds from the federal government, the State of
Minnesota, Ramsey County and the Metropolitan Council to provide funding for the County
Road H Project; and
WHEREAS, the City has also entered into a Preliminary Development
Agreement dated March 30, 2007 (the "Preliminary Agreement) with RRLD, LLC (the
"Developer"); and
WHEREAS, the Developer is willing to pay the cost of pre-design work for
the County Road H Project under terms of a First Amendment to the Preliminary
Development Agreement (the "First Amendment") to be entered into upon approval of this
Resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Arden Hills as follows:
1. The City proposes to undertake the County Road H Project, and directs the
Developer to pay costs of pre-design and similar preliminary work that is
usual and customary for road and interchange projects.
2. The City will reimburse Developer for such preliminary costs from proceeds
of grants received for such work, to the extent provided in, and subject to all
the terms and conditions of, the Preliminary Agreement as amended by the
First Amendment.
3. City staff, consultants and the Mayor and City Administrator are authorized
and directed to take all actions and execute any documents necessary to carry
out the intent of this resolution.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARD
THIS 30TH DAY OF APRIL, 2007.
ATTEST:
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Michelle A.Wolfe, City Administrator