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AGENDA ITEM - 3A -ADEN HILLS MEMORANDUM DATE: November 18, 2024 TO: Honorable Mayor and City Councilmembers FROM: Jessica Jagoe, Interim City Administrator SUBJECT: Rice Creeks Commons/TCAAP Discussion Budgeted Amount: Actual Amount N/A N/A Council Should Consider Funding Source: N/A Council should discuss its next steps and provide direction on development items towards the future development of Rice Creek Commons/TCAAP. Background/Discussion At the November 71h Special Work Session, the City Council reviewed the 2022 Term Sheet and Memorandums of Understanding for the Civic Site and Parks related to the future development of Rice Creek Commons (RCC)/TCAAP. The City Council discussed some of the previously considered uses for the Civic Site and there was consensus on a reaffirmed intent in purchasing the 1.6-acre site with the negotiated terms as previously agreed upon in the MOU with the Developer. Additionally, the Council scheduled this work session for further discussion of the Parks MOU, park amenity needs, and trail connectivity within Rice Creek Commons. Staff was directed to work with the Developer and our parks consultant to bring back visuals and additional information relevant to the parks planning. For this work session discussion, staff has included the November 2016 background information for the selection of parks programming and initial calculations of park costs. Key points identified in the Parks MOU approved on December 12, 2016 were as follows: • Developer would coordinate the design of the Creek, Hill, and Town Center parks and the final designs are subject to City Council approval. • Amenities would be in conformance with the attached TCAAP Park Standards (Exhibit B within MOU). • City and Developer will work together on the timing and who will be responsible for construction and future maintenance of the Parks. • Park dedication fees may be modified to align with the final design costs. Page 1 of 3