4.2.
Economic Development Authority (EDA)
- Meeting Date:
- 12/11/2014
- By:
- Patrick Brama, Administrative Services
Title:
Consider New Policy for the Sale of City Owned Land
Purpose/Background:
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.
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.
Notification:
Observations/Alternatives:
NA
Funding Source:
NA
Recommendation:
Provide feedback and suggested amendments to the attached draft policy.
Action:
NA
Attachments
- Policy for the Sale of City Owned Land (DRAFT)
- HRA Owned Parcels
- HRA Resolution
- Former Disposition Policy
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 12/08/2014 09:49 AM |
- Form Started By:
- Patrick Brama
- Started On:
- 12/08/2014 08:00 AM
- Final Approval Date:
- 12/08/2014