12-02-2024 JDA Agenda Packet - Laserfiche WebLink

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analysis comprised three primary components: 1. Comprehensive energy analysis to understand the energy demands of the development, 2. Strategies to reduce that demand, primarily high-performance building design, and 3. Renewable energy technologies to meet the remaining demand. Staff and consultants met with project developers several times to discuss strategies and address questions and concerns. As presented at the October 2024 JDA meeting and described in the Clean Energy Analysis report, Ever-Green and LHB’s analysis demonstrates that switching from a business-as-usual Joint Development Authority TCAAP Redevelopment Project development (current building code, natural gas) to an all-electric development with high-performance buildings would reduce greenhouse gas emissions from the site by over 90%. The remainder of the site’s energy needs could be met by a combination of on-site renewable energy generation (primarily solar photovoltaic) and purchasing carbon-free electricity from Xcel Energy’s Renewable*Connect program, making Rice Creek Commons completely carbon- free. The potential increased costs of high-performance buildings and green energy infrastructure can be offset by a range of rebates and funding sources, including Inflation Reduction Act incentives, Xcel Energy rebates, and the MN Climate Innovation Finance Authority (MNCIFA or Green Bank). Based on this evidence, an all-electric, carbon-free development is technically and financially feasible at Rice Creek Commons. Commissioner Frethem asked if this proposal was for the JDA to adopt an overall policy, but does not dictate the option laid out in the report. Chair Wicklund reported this was the case. He asked that the Energy Advisory Commissioners speak to the clean energy policy. Commissioner Reinhardt explained the idea of having a carbon free development was considered before, but this was the next step. She stated this was doable and she appreciated having research and concrete goals in place. She believed this would be a community of the future, especially for those who want to do what is best for the environment. She thanked Commission Monson for boldly leading the Energy Advisory Committee forward. Commissioner Monson stated this has been something that has been a passion for her given her academic and professional background. She reviewed the proposed guiding principles for Rice Creek Commons, noting this principle focused on creating an economically competitive and attractive environment for developers and businesses to create a vibrant community with multi modal transportation options. She stated she understood this policy was ambitious but she understood the JDA could look to The Heights as an example. She wanted to ensure Rice Creek Commons held firm to its goals of being all electric and carbon free. She commented on the financing options that were available for the district energy system that were third party, which would assist with lessening the burden on the community. She appreciated the fact there was proof this policy could move forward without having material economic impacts. Chair Wicklund asked if the JDA had questions for staff or the consultants at this time.