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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION – MAY 31, 2016 2 Kent Carlson, Inland Development Partners, stated he has been in the commercial real estate business for the past 30 years. He discussed his work history in detail with the Council and indicated he was looking forward to working with the City of Arden Hills on the TCAAP project. Tom Shaver, Inland Development Partners, reported he has been in this industry for the past 33 years. He commented on his work experience and explained he was extremely excited to be a part of this project. Mayor Grant stated he was looking forward to the Council being able to hold a discussion with Alatus. He requested Alatus describe the first 90 days of this project. Mr. Shaver discussed the work that has been taking place by Alatus at this time, noting his team was working to fully understand the environmentals, site surfaces, and subgrade conditions. All of this information had to be understood prior to any mass grading being completed and would also assist Alatus in phasing the project. Councilmember Holden wanted to see the project done right the first time and appreciated Alatus’ attention to the grading details. Mr. Shaver provided further comment on the projected timeline for the TCAAP development. Councilmember Holmes asked if the sequencing of payments would change. Ms. Kvilvang did not anticipate there would be any change to the timing and sequence to the project. Mayor Grant questioned what market studies were being completed for the project. Mr. Shaver explained that two parallel studies were being completed for the TCAAP project. He reported the studies were focusing on single and multi-family residential. He commented on the discussions that were being held with brokerage firms. Councilmember Holden requested further information on Alatus’ vision for mixed use. Mr. Stutz believed there was such a thing as too many single family homes and too many apartments. He stated it would be important to find the right mix of diverse housing for this development to be successful in order to meet the needs of all buyers. He appreciated all of the work the Council had completed within the TRC. Mayor Grant appreciated that Alatus was going to work to find the proper mix of housing for this project, knowing there was more than one right answer. Councilmember Holden discussed the history of the TRC and noted the Council had reviewed the density on three separate occasions. She believed the proposed density was a maximum. Councilmember McClung stated he would support a higher density for the project.