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- . , MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 98-EDA-98 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING THE PREPARATION OF PHASE I or PHASE I AND II ENVIRONMENTAL SITE ASSESSMENT(S) OF THE "RENT-ALL" PROPERTY WHEREAS, on August 24, 1998 the City Council adopted Resolution No. 5260; and WHEREAS, said Resolution authorized staff and consultants to proceed with various actions including (but not limited to) the negotiation of an option/purchase agreement for the RentAlI property; and WHEREAS, information about the actual or potential presence of contaminants or other environmental problems on the RentAlI property would be very useful in connection with the negotiation of an option/purchase agreement for the property in question; and WHEREAS, the aforesaid Resolution No. 5260 also authorized City staff and consultants to proceed with the development of an application to DTED for a redevelopment grant that could potentially be applied to the City's financial obligations in the event that a Development Agreement related to the proposed Mermaid hotel and banquet center is ultimately executed by the City/EDA and the Developer(s); and WHEREAS, the recipients of the DTED Redevelopment Grants will be determined by a point system, under which [up to] 20 of the possible 100 [maximum] points will be related to environmental issues: up to 15 points for "redevelopment in connection with contamination remediation needs" and up to 5 points for "multi-jurisdictional projects that take into account...environmental impact;" and WHEREAS, DTED representatives have indicated that the submission of an objective, independent environmental site assessment [ESA] would be expected, if not required, in connection with any redevelopment grant application that seeks to have points awarded for environmental issues; and WHEREAS, in anticipation of the potential need for an ESA of the RentAlI site, City staff recently contacted three reputable environmental consultants to request written cost projections regarding various types and levels of environmental assessments; and WHEREAS, the projected costs for a Phase I ESA of the RentAlI site ranged from $1750.00 to $2795.00, with Peer Environmental & Engineering Resources, Inc. ["peer'1 submitting the lowest estimate; and WHEREAS, the projected costs for a Phase I and Phase II ESA of the RentAlI site ranged from $3900.00 to $5300.00, with Peer Environmental & Engineering Resources, Inc. ["Peer"] submitting the lowest estimate; and WHEREAS, the application deadline for the DTED Redevelopment Grant is October 1 J 1998, and the time needed to complete a Phase I ESA or PHASE I and II ESAs would be approximately two weeks;