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Below is what was stated in the 2022 term sheet between the City and Alatus: <br />In lieu of park dedication fees, Alatus will build Project parks and support facilities in <br />accordance with the executed Memorandum of Understanding dated 12.12.2016. Alatus <br />will form an HOA and BOA to pay for amenities, operations and maintenance costs for <br />the Project area, including natural resource areas owned by Alatus. The HOA and BOA <br />will be responsible for any amenity or service that exceed City standard amenity, service <br />and maintenance practices. Revenues from a special service district may be utilized, in <br />accordance with state law, for payment of a portion of these additional costs. <br />Next Steps <br />Our regular work session agendas on the 2nd and 4ch Mondays of the month are generally full. <br />The Council should discuss the potential availability of scheduling future work sessions and if <br />there is a topic area specific to the future development of Rice Creek Commons that you'd wish <br />to discuss. <br />Budget Impact <br />N/A <br />Attachment <br />Attachment A: 2022 Term Sheet for RCC <br />Attachment B: TCAAP Regulating Plan <br />Attachment C: Alatus 2024 Concept Plan Illustration <br />Attachment D: Parks MOU <br />Attachment E: Proposed Parks Area Plan <br />Attachment F: TRC Section 9.0 — Open Space Standards <br />Attachment G: Alatus 2016 Parks Presentation <br />Attachment H: November 2016 Park Costs <br />Page 3 of 3 <br />