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ARDEN HILLS CITY COUNCIL — NOVEMBER 27, 2023 2 housing units to 1,960 units. In addition to the formal notices required, the City also included in the newsletter an insert about the upcoming meeting. That concludes my JDA Update. Councilmember Holden asked if the 1,960 units would be pursued no matter the cost to the City or would this be further evaluated. City Administrator Perrault stated the proposed density would be reviewed based on the information the City and County has today. He reported the plans would be refined as the development agreement moves forward in 2024. He explained costs would come into play during the development agreement process. He noted the maximum number of units was 1,960, but this could be less. Councilmember Holden questioned if the JDA had discussed the profit margin the developer could have on this project. She recommended this be addressed and discussed by the JDA given the fact this project would be funded by taxpayer dollars. City Administrator Perrault reported the rate of return for the developer has not been discussed. Councilmember Holden asked if Planning Commissioner Wicklund would be able to discuss TCAAP planning cases. City Administrator Perrault stated Commissioner Wicklund would be abstaining and not voting on TCAAP items. Councilmember Holden asked if the JDA would be discussing the setbacks for homes on TCAAP. She stated it appears with 1,960 units the homes would only be three to five feet apart. City Administrator Perrault reported there would not be a change to the lot standards from 2016. He explained 40 feet would be the minimum lot size. Councilmember Holden stated she understood the City was encouraging homeownership within the TCAAP development, but having one bus within the development would not alleviate the problem of people getting to work. She encouraged the JDA to pursue more job opportunities within this project. Mayor Grant questioned if anything had been done on the updated AUAR. City Administrator Perrault reported there was nothing to report at this time. Mayor Grant inquired if the finances were still being considered by Ehlers. City Administrator Perrault explained he would be touching base with Ehlers this week and would be discussing when this information would be available for the Council. Mayor Grant expressed concern with the fact the project has been deemed to have 1,960 units but no financial information has been provided to the City. He asked if the term sheet had been completed by staff.