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September 25, 2007- Page 3 <br />Councilmember Burg requested clarification on the remediation costs up to 1.5 <br />million, and what the impact would be on the Butcher spur. Mr. Fernelius responded <br />first to the remediation costs; stating there is known contamination on the site that <br />requires attention, the rationale being that if development is going to happen on that <br />site, a certain level of investment would be required, and the likelihood of the costs <br />exceeding $1.5 million is not likely <br />Councilmember Doffing requested detail associated with the drainage pond. <br />Mr. Fernelius responded that the City would own the drainage pond, most of the <br />water would come from phase 1 and/or phase 2 of the Ryan Companies projects <br />(approximately 80%) with the rest coming from public property. Ryan Companies <br />has agreed to cover 80% of the cost of the pond. The MPCA will make the <br />determination of the pond lining being required, if additional costs are accrued, Ryan <br />Companies has agreed to submit an additional $25,000 towards that cost. <br />Councilmember Bauman expressed her discontent with the $1.5 million, and <br />questioned if the City has an estimation of clean up costs. Mr. Fernelius explained <br />that our consultants at Barr Engineering reviewed the cost estimate submitted by <br />Ryan Companies, and found it to be reasonable. Councilmember Bauman requested <br />details on the estimated amount of $244,000. Mr. Fernelius read the itemized <br />statement. <br />Councilmember Doffing expressed her appreciation for staff's work. <br />and read 10 key points of the contract for the benefit of the cable audience. <br />Motion by Councilmember Hoffman seconded by Councilmember Burg to <br />Staff recommends that the City Council approve the attached resolution <br />Contract for Private Redevelopment with New Brighton 14th Street, LLC for <br />Transoma Medical, Inc. <br />5 Ayes - 0 Nays, Motion Carried. <br />Adjournment <br />Motion by Councilmember Hoffman seconded by Councilmember Bauman to <br />adjourn the meeting. <br />5 Ayes - 0 Nays, Motion Carried. <br />The meeting was adjourned at 7:14 pm. <br />Steve Larson, Mayor <br />ATTEST: <br />Adjoutzunent <br />The meeting was adjournec <br />at 7:14 pm. <br />Daniel A Maiers, Director of Finance <br />And Support Services