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<br />Councilmember Holden reported the County has stated the City has had ample time to review <br />the documents and the JDA should move forward at this time. She explained the City had not <br />received the final document until August 29th, which was clearly not enough time for the Arden <br />Hills City Council to meet and provide feedback prior to the September 4th JDA meeting. In <br />addition, she commented further discussions had to be held between the City and the County <br />regarding infrastructure, SAC Credits, the cooperative agreement between the County and the <br />City, fee schedule, etc. She commented the City could not commit to anything at this time until <br />further information was gathered regarding these items and the Council could review the most <br />recent draft of the MDA. <br /> <br />Chair Wicklund closed the meeting to public comments and summarized the comments <br />received from the public. <br /> <br />Consent Agenda <br />None <br /> <br />Old Business <br /> <br />Master Development Agreement Summary <br /> <br />Director Olson reported Louis Jambois would be providing the JDA with a summary on the <br />Master Development Agreement. <br /> <br />Louis Jambois, consulting lead negotiator for the County, presented the JDA with a summary on <br />the draft Master Development Agreement (MDA). He noted the MDA was completed in June <br />but still had several gaps and the summary document has been worked on over the last few <br />weeks. He explained the MDA and purchase agreements were linked and were contracts <br />between the JDA, Ramsey County and Alatus Arden Hills, LLC. He stated all land sales would <br />have to be approved by the County. He indicated the cooperative financing agreement would <br />have to be approved by the County Board and the City of Arden Hills, which would be a <br />complicated development. <br /> <br />Mr. Jambois reviewed the City and County goals for this redevelopment project. He discussed <br />how the project would spur the economy while creating living wage jobs. He explained this was <br />a very large redevelopment project and would be completed in five phases beginning in 2020 <br />and would continue through 2036. He commented further on Phase I of the development, <br />noting this would focus on the Town Center. He reported mass grading would have to occur <br />prior to Phase I and would occur in the summer of 2019 and would cost $67 million. He <br />explained the County’s contribution to Phase I was $51 million. The City’s contribution would <br />be $8.2 million and the developer would be contributing $10 million. <br /> <br />Mr. Jambois discussed the performance standards that were put in place to keep the <br />development moving forward. He commented on how future land sales would be split