Consider Forwarding New Policy for the Sale of City Owned Land to the City Council
 

Purpose:
With the recent dissolution of the Ramsey HRA, it was recommended by the Council that the City consider a new policy for selling City-owned land.  This policy outlines the Ramsey EDA's role in the sale of City-owned land.

Background (HRA Dissolution):
The City Council has officially dissolved the Ramsey Housing and Redevelopment Authority (HRA).  On November 12, the HRA passed a resolution to transfer all HRA assets to the City and to dissolve the HRA (attached to case).  HRA assets include a large inventory of City-owned land located within The COR.  On December 09, the City Council held a public hearing to dissolve the HRA.  Remaining tasks to complete the HRA dissolution are administrative (i.e. transfer of title and agreements).

Background (Policy):
Attached to this case is the proposed policy.  The intent of this policy is to route all land sale transactions through the EDA for a recommendation to the City Council.  This policy is intended to be flexible, to account for special/market circumstances.  Included in this policy is updated language from the City's previous policy for selling City-owned land; which was called a disposition policy (concentrated on previous park land).  In summary, this policy covers three major areas: governance, processes (surplus city owned land, marketing, sale), and required terms/conditions for purchase agreements. 

What's Next?
The City Council will consider this policy and EDA recommendations in January/February.

 

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Provide feedback and suggested amendments to the attached draft policy.

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