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ARDEN HILLS CITY COUNCIL — APRIL 22, 2024 4 City Administrator Perrault explained this was not the plan going forward. He reported the City had an independent MOU with the developer previously. He stated he would be open to similar terms, but he did not know if this would be feasible today. He commented it was his understanding the trunk utilities and water tower would be financed through assessments and charges. Mayor Grant questioned if the water tower/utility MOU was not enforced, would this mean the parks MOU would also not be enforced. City Administrator Perrault stated it was his understanding the developer intends to honor the parks MOU. He discussed how the developer was working through the horizontal infrastructure first and then would move down the different facets of the development agreement. He indicated it was his understanding the developer intends to honor the parks MOU. Mayor Grant asked if the civic center MOU would be honored. City Administrator Perrault explained he has not had any conversations with the developer regarding the civic center MOU. He reported discussions have not reached this point but would be discussed more in depth after the horizontal infrastructure was determined. Mayor Grant expressed frustration with the fact the City had agreements in place and now it did not. Councilmember Rousseau asked what year the MOUs were executed. City Administrator Perrault stated the parks and civic center space MOU was executed in 2017 or thereabouts. He indicated the utility/water tower MOU was executed in 2022. Councilmember Rousseau questioned when the MOUs expired. City Administrator Perrault explained he did not believe the MOUs had an expiration date attached to them. Councilmember Monson addressed the comments regarding the financial questions. She stated she appreciated how staff responded to the questions. She reported the JDA was working through the horizontal infrastructure costs and would answer these additional questions in the future. She commented the first piece had to be done before moving to the next piece. She indicated time has not been in favor for this project and costs have increased significantly. She reported the County may have been in favor of covering certain costs in the past, but this was no longer the case. She indicated there were other macro issues, such as interest rates, that were impacting the project. She reported the numbers were not set in stone but rather discussions were taking place and the JDA was working through how to proceed with the project. She stated the JDA would continue to work to find a path forward. She commented it was her understanding the energy costs would be on top of the proposed numbers. She reported the proposed numbers do not have the energy vision incorporated. Councilmember Holden understood the group had to work through the first piece in order to move on to the next. She discussed how the project's financials were not simple years ago and things have not changed. She reported the location of the spine road has not changed, the County