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ARDEN HILLS CITY COUNCIL—AUGUST 12, 2024 4 <br /> Councilmember Monson indicated the JDA has not had discussions regarding neighborhood <br /> private infrastructure. She agreed this infrastructure should be managed by the developer. <br /> Councilmember Monson stated she believed the community land trust option was a great idea <br /> for the development, and anticipated this would be further addressed once the funding gap was <br /> resolved. <br /> Councilmember Holden explained she was not accusing anyone, but rather after reviewing the <br /> financial information from City Administrator Perrault, she understood $1,000,000 had been <br /> pulled from the general fund for TCAAP. She indicated she does not have the same information <br /> as Councilmember Monson does regarding TCAAP. She stated the City Council has not had a <br /> discussion regarding TCAAP, except when there were concerns regarding the loss of commercial <br /> business space. <br /> Councilmember Holden reported the information she had regarding the 10 affordable housing <br /> units was provided to the County recently from the developer. She commented further on the 429 <br /> bonds noting the City would not receive the funding until the parcels were split and the homes <br /> were sold. She reiterated that her comments were not accusatory in any manner, but rather she <br /> wanted to learn more about what was going on, especially when it comes to the finances that will <br /> impact the City. <br /> Mayor Grant commented he watched the July 23 JDA work session and to be clear the County <br /> has stated the $40 million gap, was closer to $38.4 million. He explained there was a City <br /> representative that stated the City has given the County everything they wanted. His question to <br /> this statement is what has the City received in return. <br /> Mayor Grant indicated because the development was more dense, the City was scoring lower on <br /> the energy resiliency score card. He stated this was unfortunate. He supported City staff speaking <br /> with the County regarding"Save Arden Hills"to learn more about who these people were. <br /> Mayor Grant explained he may not fully understand the land trust, but it was his understanding <br /> land would be placed in a trust and would then be turned over to Habitat for Humanity. He <br /> questioned how much would be placed in the land trust and how much would become affordable <br /> housing. <br /> Mayor Grant commented on the level of risk in doing this development, noting Arden Hills <br /> understood they would be responsible for the water tower and the trunk utilities. He stated it was <br /> never discussed that the City would be responsible for local roads. He indicated this was typically <br /> done by the developer and turned back to the City. <br /> Mayor Grant reported the concept of risk was discussed at the recent JDA meeting and noted he <br /> was interested to hear the City representatives acknowledging the amount of risk within this <br /> development. He stated acknowledging the amount or risk was the first step in properly managing <br /> it. He indicated this would be a difficult project and it was reassuring to hear people <br /> acknowledging this fact. <br /> Mayor Grant discussed the term sheet from several years ago, noting the terms within that <br /> document were completely different than what was being agreed upon today. He commented on <br /> how costs and densities have changed for the development. He encouraged residents to watch the <br />