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'r�r- �-AXQEN Hii.,l,s Approved: March 13, 2017 CITY OF ARDEN HILLS, MINNESOTA SPECIAL CITY COUNCIL WORK SESSION JANUARY 30, 2017 5:00 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, Mayor Grant called to order the City Council Work Session at 5:00 p.m. Present: Mayor David Grant; Councilmembers Brenda Holden, Fran Holmes, Dave McClung and Steve Scott Absent: None Also present: City Administrator Bill Joynes; Director of Finance and Administrative Services Sue Iverson; Interim Assistant Public Works Director/City Engineer Sue Polka; Interim Public Works Director/City Engineer Andy Brotzler; Senior Planner Matthew Bachler; Interim City Planner Eric Zweber; City Clerk Julie Hanson; Janele Taveggia, WSB and Associates; Steve Sorensen, TSP; and Jamie Walter, TSP 1. AGENDA ITEMS A. TCAAP Civic Site City Administrator Joynes stated at the City Council meeting on December 12, 2016, the Council approved an Option Agreement with the TCAAP Master Developer that would allow the City to purchase the 1.6 -acre Civic zoned property on the TCAAP site. The Option Agreement provides the City up to seven years to acquire the site with the timeframe beginning once the JDA approves the Master Development Agreement (MDA) with the Master Developer. The City's plans for the property must conform to the TCAAP Redevelopment Code and be approved by the Master Developer. City Administrator Joynes explained the sales terms will depend on when the City is ready to move forward with construction. The City has an incentive to move quickly on developing a plan for the property as an earlier sale will result in better terms for the City. If the sale occurs within two years of the MDA approval, the City will be required to pay $1 for the land and have no costs associated with the infrastructure improvements to be completed by the Master Developer (underground parking, utilities, and road improvements). Following this two-year period, the City would incur greater costs for the land purchase and infrastructure improvements. The Option Agreement expires seven years after the MDA is approved, at which point the property will be rezoned Town Center -3.