CCP 04-27-2010 - Laserfiche WebLink

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April 13, 2010 (Ryan Companies US, Inc) for Block D. Report No. 10-097. r of Community Development Grant Femehus reported DSI (formerly Tiansoma) is currently leasing from Ryan Companies. Ryan Companies has notified the City that it intends sell the Data Sciences International (DSI) building. Under the terms of the redevelopment agreement, Ryan has the right for up to five years to develop Block D for occupancy by DSI/Transoma. There is no upfront cost to Ryan for the option, however they would have to pay $100,000 to extend the option for 2011 and $200,000 for 2012. The option right would otherwise expire on September 30, 2010. Ryan is no longer interested in maintaining the option. Furthermore, DSI has indicated that they don't want the option either. As such, the parties have reque t,that the City enter into a Memorandum of Termination of Option which would formally einguisl the option rights. Motion by Councilmember Phillips, seconded by the Memorandum of Termination of Option with New Inc.) for Block D. 5 Ayes, 0 Nays -Motion Carried 2. Consideration of Storm Water Drainage F. asdi LLC (Ryan Companies US, Inc.) for DSI Inter Director of Community _pm Develo ' gr,* -r ant Fernelius f New Brighton 10' Street, LL;C (Ryan) negotiated for the would serve the Transoms sLte, The redeveloper agreed portion of the costs, while the City would. continue to ON The pond improvements were subsequently completed a known by the succesocompany DSI Internationals Ln (Ryan C66**R* US, withNeri>?lrton 14th Street WIN[131;'�:3 the City of New Brighton and action of a stonn water pond that >truct the pond and pay for a art of the Transoms project (now However, the parties never memonalrzed file arrangement with a separate easement or maintenance agreement. Given the pending sale of the property, Ryan and the > rew buyer are asking to enter into a Storm Water Drainage lin Agreement withkCity. Motion by Counc Storm Water Drain: US, Inc.) for the DSI s, seconded by Councilmember Burg to approve the ement with New Brighton 14"' Street LLC (Ryan Companies Site 5 Ayes, 0 Nays -Motion Carried 3. Consideration of Bids and Award for Project 10-9, 7th Street Mill and Overlay. Report No. 10-099. Resolution No. 10-028 Page 5 of 7 Taminafion ofOpdon wide New Brighton l0 Street LLC (Ryan Companies US, Inc) farBlockD. ReportNo.10-097 2.Consideradon of Storm waterDmhggeFz9w=t Ag want with New Brighton le SkeetLLC (Ryan Companies US, hic) for DSI hiMriafional, hrc. Site. RepartNo.10.098 3.0 6deiadonofBidsand Award for Project 10-9,76 Street Mill and Overlay. RepottNo.10-099.