HomeMy WebLinkAbout05-29-07 Item 7F, Resolution 07-59 Financing with Respect to Reimbursement
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Request for Council Action
Prepared By:
Dept.:
Council Mtg. Date:
Final Action Needed By:
Michelle Wolfe
Agenda Item:
7.F.
r.'l~y:!9,20Q7
r.'l"y:!~,2007
Resolution 07-59: Relating to the Financing of Highway 1ifand Highway 96
Improvements
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Budgeted Amount:
Actual Amount:
Funding Source: m
Administration
Approve Resolution No. 07-59: Relating to Financing of Project; Establishing Intent with Respect to Reimbursement
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iStaffrecommends approval of Resolution No. 07-59: Relating to Financing of Project; Establishing Intent with Respect to
IReimbursement
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Planning:
PTRC:
X Memo/Letter: Memorandum Dated May 29, 2007 from City Administrator Michelle Wolfe i
X Resolution No.: 07-59 Relating to Financing of Project; Establishing Intent with Respect to Reimbursement ..................i
Ordinance No.:
Engineering Recommendation:
Attorney Recommendation:
Other: :
MEMORANDUM
DATE:
May 29,2007
AGENDA ITEM 7.F.
TO: Mayor and City Council
FROM: Michelle Wolfe, City Administrator
SUBJECT: Approval of Resolution No. 07-59 Relating to Financing of Highway 96/10
Interchange Project; Establishing Intent with Respect to Reimbursement
On the May 29 City Council agenda, the City Council is asked to take several actions relating to
the proposed Highway 10 and 96 improvement project. If the Council approves a preferred
concept plan for the site, then two additional items are requested of Council.
The first is to approve a Second Amendment to the Preliminary Development Agreement (PDA)
with RRLD, which is Agenda Item 7.E.
The second requested action by Council is to approve Resolution No. 07-59. This resolution is
proposed in order to establish the Highway 10/96 pre-design funds as eligible for reimbursement
should other funds be secured for the project. This resolution refers back to the Second
Amendment of the PDA. This resolution has the same language as the resolution Council
approved in relation to the proposed County Road H Interchange project.
ACTION REQUESTED
Motion to Approve Resolution No. 07-59 Relating to Financing of HighwaylO/96
Interchange Project; Establishiug Iuteut with Respect to Reimbursemeut
Attachments
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\\metro-inet\ardenhills\Admin\City Administrator\Memo\2007\5-29-07 Resltuion RE Financing-Reimbursement 10 & 96.doc
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CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 07-59
RESOLUTION RELATING TO FINANCING OF
HIGHWAY 96/10 INTERCHANGE PROJECT;
ESTABLISHING INTENT WITH RESPECT TO REIMBURSEMENT
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 Highway 96 U.S. Highway 10 (the
"96/1 0 Interchange 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 96/1 0 Interchange Project; and
WHEREAS, the City has also entered into a Preliminary Development
Agreement dated March 30, 2007 as amended by a First Amendment thereto dated April
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
96/10 Interchange Project under terms of a Second Amendment to the Preliminary
Development Agreement (the "Second 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 96/10 Interchange 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 Second
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 ARDEN HILLS
THIS 29TH DAY OF MAY, 2007.
Stanley D. Harpstead, Mayor
ATTEST:
Michelle A. Wolfe, City Administrator