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04-19-16
ArdenHills
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JDA Minutes
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2016
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04-19-16
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would be responsive to the conditions of the marketplace. He understood that corporate <br />campus users were very unique. He was committed to sustainability within this development <br />and this groundwork would be laid through LEED certified neighborhoods. <br />Mr. Cattanach discussed the variety of techniques that would be used to create the Town <br />Center in order for this area to be properly branded for the community. He indicated the public <br />realm and trails would have to be developed. He commented on the importance of properly <br />programming the Town Center space year round, while also drawing on Rice Creek as a natural <br />resource. He believed it would be important for the project to have public gathering areas. He <br />explained how it would be crucial to brand the entire development with similar way finding, <br />entry gates and other signage. <br />Mr. Rauenhorst thanked the JDA for their time and for considering his team. He discussed the <br />special qualities within the team and how this would benefit the project. He understood the <br />JDA, City and County wanted TCAAP/Rice Creek Commons to be unique. He believed that the <br />numerous entities on his team that would be involved with this project would greatly benefit to <br />the development. <br />Mr. Padget stated Pulte Homes was committed to seeing the project through from beginning to <br />the end. He believed his references spoke loudly as to the how his organization approached <br />and successfully completed projects. <br />Mr. Rauenhorst was of the opinion he had the right team to complete this project. He <br />indicated Opus and Pulte Homes had the ability to work across the various product types in <br />order to reach the goals of the JDA. He believed this group would work diligently to pioneer <br />solutions for the site in order to optimize the development. He understood the site would have <br />challenges and he would exercise patience while the project developed. <br />Mr. Cattanach commented one of the first steps for his organization would be to enter into a <br />master developer agreement with the JDA describing the phased purchases. He wanted to fully <br />understand the economic goals of all parties in order to create an environmental cleanup that <br />met the needs of all involved. He explained that Pulte Homes was committed to begin <br />development in the next year. He stated commercial development would follow the residential <br />and would be identified through the branding. <br />Mr. Rauenhorst indicated he thrived on creating developments that did not require public <br />assistance. However, there were certain opportunities where the market may necessitate <br />public incentives, such as a corporate campus. He believed this would require all parties <br />involved to sit down and review the pros and cons of the tool. He discussed how Opus could <br />utilize its own equity to fund the development of this project. He thanked the JDA for their <br />time and consideration and asked for questions or comments. <br />
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