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Collin Barr, President of Ryan Companies North Region, discussed how excited Ryan Companies <br />was to be before the JDA to share their vision and goals for the TCAAP site. He provided the <br />JDA with a printed summary of their presentation and then introduced the members of his the <br />Ryan team. He discussed his background in commercial development and believed his team <br />was well prepared to move forward with this development. <br />John Aune, Lennar Homes, stated he would be the executive in charge for Lennar on this <br />project. He introduced the other members of his team present. <br />Mr. Barr discussed the primary activities that would be completed in the first six months. He <br />believed it would be important to move fast on marketing/branding, land planning, land <br />purchase terms and the project approvals. He indicated the project website would need <br />enhancement in order to generate increased interest in the site, while also fueling demand. He <br />understood the timeline was aggressive, but he looked forward to this project getting off the <br />ground. <br />Mark Schoening commented on the vision for the site. He indicated this was a unique site given <br />its close proximity to Minneapolis, it had great natural resources and site features. He believed <br />the chosen master developer would have to focus on one key question, "Why Rice Creek <br />Commons?" He explained his team has discussed this question tirelessly and in the end has <br />determined the core values for the site should be that the project is convenient, high quality, <br />affordable, has a sense of community, authenticity and is sustainable. He wanted the core <br />vision for this project to anchor the project in values that people respond to. He wanted these <br />core values to be drawn into an overall plan for the site. He was committed to bringing this <br />vision to each corner of the project and was excited to get going as quickly as possible. He <br />believed this was a phenomenal piece of real estate that held a great deal of promise. <br />Mr. Aune discussed the proposed number of residential units on TCAAP. His vision for the site <br />would be to have high quality neighborhoods. He stated he had conducted some preliminary <br />density testing on the site. Market research was conducted on commercial, retail, senior living <br />and health care to help identify the profiles of individuals that would be interested in living in <br />Rice Creek Commons. As a national builder, he has selected the best housing products that <br />would fit well into Rice Creek Commons. He further discussed the collections of homes Lennar <br />would be building on TCAAP. He indicated there were approximately 140 different home <br />combinations that could be constructed, noting the house colors could also vary. He <br />commented the housing products could be further diversified through multi -family products. <br />Doug Bober provided further comment on the multi -family housing products offered by Lennar. <br />He explained millennials were not typically purchasing single-family homes, but rather were <br />leaning towards multi -family options. Products options were described in detail, noting the <br />goal was to create community within a community. <br />Mr. Schoening commented on the central elements within Rice Creek Commons. He noted the <br />Town Center and the natural resources corridor were key components on this site. He <br />