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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION _ NOVEMBER7,2O24 <br />Councilmember Fabel asked about the timing in the option agreement for the purchase of the <br />civic land. It states that if the City exercises the option to buy in the first two years, it will cost the <br />City $1. However, between two years and five years, the City would pay 50o/o of the cost. If it's <br />after five years the City would pay 100Yo of the value. He doesn't understand why it was <br />structured like that. <br />Stacie Kvilvang said that was the agreement with the County for the timing of the takedown. <br />They were going to be charging a market rate for the lot. Now Alatus' proforma has $0 as revenue <br />for the civic site. Even though it is written that way, the cost will always be $ l. <br />Mayor Grant said that would explain the comment that says it will be transferred to the City at <br />no cost with no revisionary ownership. <br />Stacie Kvilvang said the County didn't want the City to get the land for cheap and then go sell it <br />to Bob Lux and the City make money when they paid $1. <br />Mayor Grant said it does specifu that it needs to be used for public use and reserves the right for <br />the County to work with Bob Lux as well as TIF on development of the property. If we do that, <br />Bob Lux will build the associated infrastructure, including parking and access to any facility that <br />is built. <br />Councilmember Holden said Bob Lux backed out on the parking. At one time he was going to <br />give us free parking and then it was reduced to l0 slots. <br />Mayor Grant asked if it was in the May 22 agreement. <br />Stacie Kvilvang said before they were going to do parking under all the buildings and they were <br />going to be connected. That is not the plan anymore. The individual buildings will have the <br />traditional underground parking. <br />Mayor Grant thought the parking was still on the Term Sheet. <br />Stacie Kvilvang said that is not in there. That would have to be discussed and decided upon. If <br />the plan is to build a one-story civic space that the city owns, we will need to decide what is <br />needed for parking. If it's a partnership with a civic space on the bottom and apartments above, <br />the parking would be below, and it would have to be discussed if a portion of that parking would <br />be available for the civic space. <br />Mayor Grant said it would be like how Columbia Heights did it. <br />Councilmember Monson didn't think that was a civic use. She understood that wouldn't fall <br />under our definition of civic use to have public facilities with apartments on top. The way the <br />agreement is written, we could only do a community center, a library, a theater. We couldn't add <br />the apartments above. If we wanted to do that, she thinks we would have to rezone. <br />Interim City Administrator said we may not have to rezorre but there would be some additional <br />land uses in the TRC for the civic center to allow for that type of use.