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535039v3 JSB TW185-2 <br />• Master Developer and vertical developers are responsible for creation of HOAs, <br />Property Owners Associations, or Special Service Districts for at least common <br />area maintenance, landscaping, and organized garbage collection <br />• The MDA can be amended only with the approval of the JDA, County and Master <br />Developer <br />City Responsibilities <br />• The MDA and Exhibit K (Cooperative Agreement) of the MDA outline the City <br />of Arden Hills responsibilities for the project. Those responsibilities include: <br />o Funding of City infrastructure obligations, including trunk water and <br />sewer, storm sewer and a water tower. <br />o A financing plan for the City public improvements including: <br /> $500,000 Planning Area Charge paid by the Master Developer and <br /> prospectively reimbursed to the Master Developer by project <br />construction savings or land sale proceeds to the County in excess <br />of the Strike Price. <br /> Trunk sewer and water infrastructure, estimated at ~$3.2M, will be <br />financed and constructed by the County, with the City repaying the <br />County through City SAC and City WAC of approximately $650 <br />and $1,000 per unit respectively. The City incurs no up-front cost <br />or risk. <br /> The Water Tower acquisition and construction, estimated at <br />~$5.2M, will be undertaken when needed to support the new <br />development on the site. An estimated time is early 2020’s. The <br />Water Tower will be financed through Special Assessments levied <br />at the time of construction. <br /> Because there are no SAC charges due and payable to the Met <br />Council for the development, the City and the JDA will not impose <br />a Met Council equivalent SAC for the RCC development. <br /> The Cooperative Agreement can be amended only with the <br />approval of the City, County and JDA. <br /> Development standards under the TCAAP Master Plan and the <br />TCAAP Redevelopment Code can only be revised with the <br />approval of the City, County and JDA. <br /> County will maintain the spine road and County trails according to <br />ordinary standards, City will maintain public parks, utilities and <br />other areas and improvements dedicated to the City according to <br />ordinary standards and any enhanced maintenance will be funded <br />or provided through HOAs, Property Owners Associations, or <br />Special Service Districts