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ARDEN HILLS CITY COUNCIL —AUGUST 12, 2024 2 presentation from the energy consultant on their work to date and requested the JDA give direction on pursuing either a LEED certification for the site that considers a rating system for the whole community and has designed guidelines with third party certification, or the second option was for sustainable guidelines which the JDA would create. Following discussion, the JDA opted to go with pursuing LEED for Communities certification on the site. Councilmember Holden explained the City received financial information on TCAAP earlier this year and the City was roughly $200,000 in the red each year and all of the sudden the City was in the black. She stated after looking into this further, from 2012 to 2019, $1,000,000 was borrowed from the City's general fund and this funding was supposed to be replaced into the Arden Hills general fund. She indicated this $1,000,000 had been thrown into the TCAAP fund and now it appeared the City was in the black. She questioned who authorized the $1,000,000 going into the TCAAP pot. She asked when the City Council would have the opportunity to discuss TCAAP funding. She requested staff provide the City Council with a presentation on TCAAP finances. Councilmember Holden stated at the last JDA meeting there was a comment from one of the Commissioners that the City gave the County what they wanted. She questioned what the City gave them. She asked that staff provide the City Council with a list on what promises have been made. Councilmember Holden requested further information regarding what would happen if the cost was too high for the energy/sustainability goals and inquired who would make the determination on what was too high of a cost. Councilmember Holden commented it appears there would only be 10 affordable houses out of 400 homes on TCAAP and the remaining units on TCAAP would be apartments. She asked if the City had a position on affordable housing. Councilmember Holden stated she was concerned with protecting the City and questioned what the process was to protect the City from the agreement between the County and Alatus. Councilmember Holden indicated the City still has no protection on utilities. She stated she didn't know if there would be a public works building or any civic space. She commented she keeps hearing this was a partnership, but the development keeps being discussed between the County and the developer. Councilmember Holden commented further on how the City would be impacted if they had to bond for $40 million in 429 bonds, especially if these bonds were not repaid. Councilmember Holden stated if the developer wants to put a portion of the risk for TCAAP on the City and the County, she wanted to better understand the profit margins for Alatus. She reported Alatus has known about the soil conditions since 2016 and was now saying he needed to be paid for it. She indicated the water system has always been an issue on this site as well. She questioned who would be paying to move all of the pipes. Councilmember Holden discussed how the use of TIF would put the City further in the hole. She commented on how the spine road could have been installed through the use of MNDOT funds