08-05-2024 JDA Agenda Packet - Laserfiche WebLink

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d. Update from Development Agreement Discussions Director Perrault provided the JDA with an update on the development agreement. He explained representatives from the County, City and Alatus have been meeting to discuss how to get closer to a development agreement. He stated the majority of the discussions revolve around how to fund the horizontal infrastructure, which includes the spine road, utilities under the spine road, the natural resources corridor and the relocation of remediation infrastructure. He stated mass grading and soil corrections have also been discussed and the financing has yet to be determined. He noted the parties have exchanged multiple iterations of the financial projections, but a gap in the horizontal infrastructure still exists. It was estimated the horizontal infrastructure would cost somewhere between $86 and $100 million. The parties would continue to work on how to fund the infrastructure. He noted the County has pursued $25 million in State funding. He noted the parties have been focused on the horizontal infrastructure and have not yet discussed the term sheet. Director Perrault reported the Met Council has approved the comprehensive plan request to increase the density of the project to 1,960 units. He indicated the energy committee would continue to work with consultants on sustainability efforts. Commissioner Fabel questioned if any Federal funds had been secured for this project. Acting Chair Frethem stated she would address this matter under Commissioner Updates. e. Review Road Map Ms. Mitchell reviewed the Road Map with the JDA. Acting Chair Frethem suggested a green energy worksession be held by the JDA this summer and that community engagement be held to discuss green energy and sustainability efforts. Administrative Director’s Report Ms. Mitchell stated there has been some movement on Outlot A. She explained a conversation was held between Ryan Companies, DEED and Greater MSP. She reported Ryan Companies seems to be very excited about potential end users, but nothing concrete has been shared with County staff. Ms. Mitchell indicated the County public infrastructure RFP for the final design of the spine road was released on March 14. She stated an in person conference was held on March 22 and there were eight firms in attendance. She noted proposals are due April 18 with interviews to be held the week of May 13. She anticipated the contract would start on July 1.