My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06-02-14 JDA
ArdenHills
>
Administration
>
Commissions, Committees, and Boards
>
Joint Development Authority (JDA)
>
JDA Agenda Packets
>
2014
>
06-02-14 JDA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/12/2017 4:22:26 PM
Creation date
6/12/2017 4:21:34 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
35
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br /> <br /> <br />May 29, 2014 <br /> <br />To: TCAAP Joint Development Authority <br /> <br />From: Mark Ruff, Ehlers <br /> <br />RE: Update on Financial Issues <br /> <br />Several items are on the short-term and long-term horizons concerning TCAAP financial <br />issues. A brief description of the current status of these issues and policy options for the <br />respective public bodies is below. No immediate action is necessary. <br /> <br />1. Financial Model. The basics of the financial model have been shared with the City <br />Council and the County Board. Chair Sand was able to hear the discussion as well. <br />The model will change on a continual basis as new information is received <br />concerning infrastructure costs, grant availability, financing requirements, market <br />conditions, and project timing. Generally, the model assumes land sales, fees, and <br />grants will pay for the City and County’s costs, but no surpluses or significant <br />contingency dollars are contemplated. In addition, the model does not reflect the <br />potential for significant economic development projects that may reduce fees or land <br />sale proceeds. <br /> <br />2. Land Sale Process. As the JDA is aware, the County has hired the St. Paul Port <br />Authority to market the commercial land. Even though the majority of the land will <br />not be ready for construction to commence until 2016, the Port is actively talking <br />with developers and builders about the site. For both the commercial and the <br />residential land, there are several procedural and policy considerations for later <br />discussion including: <br />- Platting process <br />- Minimum and maximum sizes of parcels to be marketed <br />- Structure of payments on land sales (how much is paid by the purchaser up-front <br />and how much paid as the property is developed?) <br />- When the first purchase agreements can be entered into <br />- Appropriate balance between larger developers and smaller builders <br />- Requests from land purchasers for environmental indemnification or insurance <br />- Impact of moving or reconstructing piping from wells to treatment facility <br />- Location required for parks, trails, open space, and necessary infrastructure <br /> <br />3. Developer Market Testing. The City has been working on fee structures for utility <br />costs, parks, and for its up-front costs associated with the planning of the project. The <br />County will likely charge some fees for storm water costs as well. We will be <br />working with the Port, with commercial developers, and with residential developers <br />to test our estimates for land prices, maximum utility fees, and the structure of fees
The URL can be used to link to this page
Your browser does not support the video tag.