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ARDEN HILLS CITY COUNCIL – JUNE 13, 2016 2 tennis court. Discussion ensued regarding the gathering of information from the neighborhood through a survey. 3. STAFF COMMENTS A. Rice Creek Commons (TCAAP) and Joint Development Authority (JDA) Update Interim City Administrator and Director of Finance and Administrative Services Iverson stated on June 6, 2016 the JDA approved a Preliminary Development Agreement (PDA) with Alatus Arden Hills LLC which provides them with exclusive development rights to the property until December 31, 2016. During this time, they will work in good faith to negotiate the terms of a Master Development Agreement (MDA). If by October 31, 2016, the JDA and the master developer have not reached substantial agreement on terms of an MDA or the developer determines the project is not feasible, either party can terminate the PDA with 30 days written notice. Interim City Administrator and Director of Finance and Administrative Services Iverson explained City and County staff, consultants (Ehlers, Kimley Horn, etc.), attorneys (County, City, JDA and Master Developer) and the master developer continue to meet regularly to provide (1) required information to the master developer team (2) work on framework for MDA; and (3) weekly project management to make sure all elements of the development are progressing. City and County staff as well as the Master Developer are present at all meetings. Attorneys and other consultants are present at meetings as required. Following are the meetings held in the last two weeks: • May 31, 2016 – Design guidelines/standards review and site issues • June 1 and June 8, 2016 – Weekly project management meeting • June 2, 2016 – Infrastructure meeting with Kimley Horn • June 7, 2016 – Environmental conditions overview B. Transportation Update Acting Public Works Director Anderson reviewed the ramp closures off of I-694 and noted traffic continues to flow with the through and local lanes on this stretch of freeway. Acting Public Works Director Anderson explained there would be a closure on I-35E from County Road 14 to County Road E this weekend. Acting Public Works Director Anderson stated bridge beams would be set on the southbound side of the County Road E2 bridge this evening. Crews would set beams on the northbound side on Tuesday, June 14. Acting Public Works Director Anderson indicated a temporary signal was being set up at County Road H and I-35W to allow the west half of the intersection to be built. Once this is completed, traffic will be shifted and the remainder of the intersection will be built.