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f <br /> Joint Development Authority Mk <br /> -A EN HILLS RAM5EY <br /> =" TCAAP J <br /> Redevelopment Project COUNTY <br /> p <br /> AGENDA ITEM 8b <br /> MEMORANDUM <br /> DATE: December 4, 2023 <br /> TO: Joint Development Authority Board of Commissioners <br /> FROM: Jenny Boulton, Kennedy& Graven <br /> SUBJECT: Approve Preliminary Development Agreement with Alatus <br /> The JDA Attorneys at Kennedy& Graven worked with Ramsey County and the City of Arden Hills to draft <br /> a new preliminary development agreement (PDA) with Alatus Arden Hills LLC, which gives them <br /> exclusive rights to the development of the Outlot C (also known as the California Parcel) through June <br /> 30, 2025. Bob Lux, Chief Manager of Alatus Arden Hills LLC, has signed the PDA and it is now brought to <br /> the JDA for review and approval. <br /> Attachment: <br /> Preliminary Development Agreement with Alatus <br /> Action Requested: <br /> Approve Preliminary Development Agreement with Alatus <br /> 35 <br />