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ARDEN HILLS CITY COUNCIL — AUGUST 12, 2024 3 years ago, but this didn't happen. She asked when the City began looking at the neighborhood infrastructure funding and when will the Council better understand this matter. Councilmember Holden stated she had so many questions and she did not have answers to these questions. She expressed concern with the fact the City would be put at financial risk through the TCAAP project. She indicated a resident spoke about the community land trust and how mortgages are done through the community land trust. She hoped that this project would not back away from providing affordable housing through this development. Councilmember Monson explained she did not have knowledge regarding the $1,000,000 that was borrowed from the general fund and she could not speak to this matter. She stated she agreed the proforma was a City function, but the project was not there yet. She indicated the project was working towards horizontal grading and infrastructure and then further discussions could be held. She reported the proforma would be brought back once there were updates. Councilmember Monson reported nothing has been decided behind closed doors. She indicated all discussions have been done out in the public and there were no promises that have been made that the City Council does not know about. Councilmember Monson explained the cost for a geothermal system would have additional costs. She stated decisions were still being made regarding the tradeoffs between a geothermal system versus natural gas. She believed there were grant funds available to assist with the cost for a geothermal system, which would greatly assist with moving this development forward in a sustainable manner. Councilmember Monson commented she agreed with Councilmember Holden and hoped that this development would have more than 10 affordable homes. She stated the project was working to have as much affordable housing as possible and noted she had not heard any objection from the developer or the County on this matter. She anticipated the amount of affordable housing on the site would depend on the funding that was available from the County, State and federal government. Councilmember Monson explained the County and developer were discussing a land purchase agreement. She reported the risk tolerance across all three parties, but in the end, the agreement would be between the landowner and the developer. She stated the City's role in this was TBD. Councilmember Monson agreed the City's special assessments bonds need to have a solution. She stated if this deal were to move forward, the land would be owned by the developer versus the County. Councilmember Monson indicated the JDA has not discussed a civic space to date. She explained she had not reviewed the RFP for the spine road and she was uncertain what the reference to "Save Arden Hills" was. Councilmember Monson reported the County would be covering the cost to move the well system. She stated Building 116 still has to be addressed. Councilmember Monson explained the developer would be requesting TIF, but she did not have an understanding as to what the ask would be.