12-0402023 JDA Agenda Packet - Laserfiche WebLink

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PRELIMINARY DEVELOPMENT AGREEMENT THIS PR 1 111MINARY DEVELOPMENT AGREEMENT(the"Agreement") is made and entered into this 4ti, of December, 2023, by and between the TCAAP Joint Development Authority, a Minnesota joint powers entity("JDA"),and Alatus Arden Hills LLC,a Minnesota limited liability company (the"Developer"). RECITALS: First: The County of Ramsey(the "County") is the Purchaser under that certain Offer to Purchase, as Amended (the "OTP"), by and between the County and the United States of America, by the General Services Administration, as Seller ("GSA"), for a portion of the real property located in the City of Arden Hills (the "City") commonly referred to as the Twin Cities Army Ammunition Plant("TCAAP"). The real property which is the subject of the OTP contained approximately 427 acres of land at time of purchase. The real property is divided into five outlots (A, B, C, D & E) and portions of dedicated rights-of-way. Outlot A is a 40.1 acre platted area known as the"Thumb Parcel". Outlot C is a 372.05 acre platted area known as the"California Parcel". Outlots B, D,and E together represent approximately 5.0 acres of platted area that will be deeded to Ramsey County Parks and Rec. The balance of approximately 10 acres represents the dedicated rights-of-way to MnDOT and Ramsey County Public Works,respectively. Second: Pursuant to the Joint Powers Agreement between the City and the County(the"JPA"), the JDA developed a developer selection process for redevelopment of Outlots A and C.The Developer had been selected by the JDA as the developerfor redevelopment of the Outlots A and C. The Developer and the JDA (the "Parties" or a "Party") entered into a Preliminary Development Agreement effective June 6, 2016 ("TCAAP Site Preliminary Agreement"), which was subsequently amended by Amendment No. I effective October 31,2016,and again by Amendment No.2 effective May 17,2017. The TCAAP Site Preliminary Development Agreement,as amended, expired by its terms on.March 8, 2018. Third: Since the tennination of the TCAAP Site Preliminary Development Agreement,as amended, the County has acquired a purchaser for the Outlot A Parcel through a public solicitation in order to provide a revenue source for County infrastructure improvements within Outlot C, and therefore the Outlot A Parcel is no longer intended to be a subject of this Preliminary Development Agreement or a Final Development Agreement with Developer. Fourth: The "Parties" wish to renew their cooperation in further analyzing the potential and feasibility of the redevelopment of the Outlot C or the California Parcel("California Parcel Project" or "Project") and are willing to proceed with such analysis in anticipation of reaching a more definitive agreement regarding the Project;The legal description of the California Parcel is attached as Exhibit A. Fifth: The Parties acknowledge that the Developer will expend time and effort, and incur expense in pursuing the Project; Sixth: The Developer is willing to undertake the activities described in this Agreement only with the reasonable assurance from the JDA and the County that each will support and cooperate with the Developer in its efforts; Seventh: Any resulting Project will be consistent with the TCAAP Master Plan, as amended from l 36