12-04-23 JDA - Laserfiche WebLink

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document would be going before the JDA for approval tonight. He appreciated the fact that staff and the developer had been willing to compromise and agree to these terms. He appreciated the emphasis within the term sheet on commercial/industrial development and job creation. Commissioner Frethem thanked staff and the developer for their efforts on the Term Sheet. She commented on how the Term Sheet would inform the 2024 Road Map in a transparent manner in order to keep this project moving forward. Commissioner Monson believed it was important to identify the gaps in the project. She stated when this project was picked up in February a lot had changed since prior to the lawsuit. She discussed how costs would not be going down in the future and how she believed time was not in the JDA's favor. She commented on how 1,960 was a proposed number and explained this number would be assessed as the development moves forward. She indicated if data shows 1,960 was not going to work, the JDA would need to reevaluate the situation. She clarified for the record, 1,960 was set as the maximum density. Commissioner Fabel asked if the developer has agreed to the proposed Term Sheet. Ms. Bolton reported the developer has indicated, via email, that they are supportive of the Term Sheet. Chair Wicklund thanked staff and the JDA Attorney for their efforts on the Term Sheet. Commissioner Reinhardt recommended the Term Sheet state Rice Creek Commons Terms for Final Development Agreement as approved by the Joint Development Authority. Chair Wicklund requested staff make this change to the Term Sheet. Motion by Commissioner Frethem seconded by Commissioner Fabel to approve the Term Sheet with Alatus, with the title change as proposed by Commissioner Reinhardt and directing staff to continue moving forward with negotiations. Motion carried. d. Accept Report on November 1 Community Open House Ms. Mitchell stated Perkins & Will drafted a summary report on the November 1, 2023, community open house. The report includes a summary of the information provided at the event and summary of feedback themes. It also includes appendices with all feedback received both at and after the event through surveys and conversations. Staff commented further on the report and requested the JDA accept the five page document. Commissioner Frethem recommended a broader conversation be held and further information be provided to the public regarding the environmental concerns and remediation that has been done on this property.