Laserfiche WebLink
<br />Chair Sand understood the Hill neighborhood would be built first and the Town Center wouldn’t <br />be addressed until 2020. He questioned if this would create a void in the walkability of the <br />development. He asked why the Creek neighborhood would not be constructed first. <br /> <br />Mr. Padget understood the Town Center would be the central amenity for the site. However, <br />the project would need numerous residents in place to support the Town Center. <br /> <br />Chair Sand inquired how the project would change if the thumb were sold off as a corporate <br />campus. <br /> <br />Mr. Padget explained the project would have to evolve and change as the market demand <br />changed over time. He was willing to evolve with the project. <br /> <br />Mr. Rauenhorst discussed the ancillary businesses that would benefit by surrounding a <br />corporate campus. He requested the JDA allow his team the flexibility to adjust to the changing <br />needs of the market. <br /> <br />Commissioner Holden questioned how the developer was going to minimize the City’s long- <br />term maintenance costs. <br /> <br />Mr. Rauenhorst stated this was a very fair question. He encouraged the City to review the <br />benefiting organizations from the City’s infrastructure while also looking at sustainable efforts <br />that could be implemented to reduce long-term expenses. <br /> <br />Mr. Padget stated another option would be for the City to consider homeowners associations in <br />order to reduce the long-term maintenance costs for the City. <br /> <br />Mr. Cattanach reviewed the goals of the project for the various stakeholders. He believed his <br />team was the most qualified and understood the sub-market within the metro area. He stated <br />this partnership would be treated like a marriage and was interested in seeing this project all <br />the way through to the end. <br /> <br />Mr. Rauenhorst stated the scale and complexity of this project required a team with expertise. <br />He believed this team had the experience and know-how to bring the JDA’s vision to life. He <br />was sensitive to the fact the JDA wanted to drive development. He understood a tremendous <br />investment has been made in this property and he wanted this property to have a sense of <br />character. He discussed how he would work to advance sustainability and technologies on this <br />site. He believed these efforts would draw development and residents to the site. He wanted <br />to be able to bring his strategies gained on a national level to Rice Creek Commons. He <br />understood this was a big decision for the JDA and was thrilled to be considered. <br /> <br />Chair Sand thanked the representatives from Opus and Pulte for their thorough presentation. <br />