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Friday, October 12, 2018 1 of 3 Rice Creek Commons MDA – Status and Open Issues Project Mission Statement: In May 2016, the Master Developer proposed the following mission statement for the Rice Creek Commons project: Master Developer understands that the vision of the Joint Development Authority (JDA) for the Project is to create a new and exciting community within Arden Hills and Ramsey County that will meet the goals of the public partners and other stakeholders. The following objectives will be important in the success of the Project: • Creation of a high-quality brand and destination that gives value to the assets in the community. • Provision of new and long-term employment opportunities. • Generation of new tax revenue through an increased tax base of both commercial and residential properties to pay for required and/or expanded city services. • Provision of diverse and stable housing choices that accommodate residents with a wide range of price, lifestyle and lifecycle needs. • Integration of an efficient public transit system that offers mobility for both residents and workers. • Delivery of infrastructure solutions that are flexible and scalable over the next 50 years. • Enhancement of the health and well-being of all who live, work and play in the area through abundant trails and green space. • Preservation, protection and restoration of the Project’s natural resources through environmentally conscious design and efficient energy systems. • Creation of an integrated, innovative, and diverse mix of land uses to establish the Project as an economically competitive and attractive environment for residents, businesses and other stakeholders. • Establishment of the Project as a national model for the development of integrated energy systems and sustainability. With oversight and input from the JDA, the Master Developer will oversee the implementation of the above objectives. Master Developer will directly control and coordinate all aspects of the redevelopment process to create the best possible outcome for the financial and qualitative success of the Project. Over the last two years, the Master Developer has continued to lay the ground work and execute on this shared vision. Master Developers’ priority, along with Arden Hills and Ramsey County, continues to be the maximization of value of the land as well as the ultimate value of what is built. Through this true