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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — NOVEMBER 7, 2024 6 Councilmember Fabel clarified that the previous agreement, that had three different possibilities for the transfer of land at three different points of time, is off the table. The option is just that the land will be transferred for $1 whenever that option is exercised. Stacie Kvilvang believes Alatus is open to discussion the option agreement and revising as appropriate based on the new transaction with the county. They want to get further into the financial deal with the County and how they are taking the land down and the timing of that. Then they want to incorporate everything else with the City. In the meantime, they do want to have the parks discussion. Mayor Grant asked if they were taking down the parcels in a phased approach. He understands Alatus is taking the whole piece. Stacie Kvilvang confirmed. They are still negotiating price. Councilmember Holden she is worried about the options that previously had a lot of strings attached to that parcel. If we open the discussion, how many strings will be reattached. Mayor Grant said that Bob Lux signed the parks agreement. When asked, he made clear he never signed on the civic site. Council said that was a necessary piece and he believes Bob Lux signed it in May of 2022. Councilmember Fabel thinks the big question mark is Alatus' concluding its deal with the County. Then Alatus would be able to discuss specific conditions. He doesn't see how any meaningful discussions can take place until that time. Councilmember Monson recommended scheduling a closed work session to discuss the civic space. She disagreed that meaningful discussion must wait. She thinks we need to give feedback to Bob Lux which will reflect his discussions with the County. That would allow the City to hold the things we have. Mayor Grant said he believes Bob Lux views this as one deal with multiple parties. It's beneficial for him to negotiate and put the whole deal together, rather than just one agreement at a time which will take longer. The City is best off to get into the discussions earlier, rather than later. Councilmember Holden said her worry is that Bob Lux will make his deal with the County and come back to the City and say he's not giving us anything. She thinks if his deal with the County is not as big as he wants, he will ask the City to pay millions of dollars. Stacie Kvilvang said she believes Bob Lux whole heartedly embraces the civic use option agreement. It will be a draw for people. The reason for the tiered options was because no one wanted that land to sit vacant for 10 years. Councilmember Rousseau would like to set up a weekly work session to hold time for these discussions, as needed. If the meetings are not needed, they can be cancelled. Mayor Grant said at some point the City needs to negotiate. He said we can have a closed session for the civic site. The other items will need some negotiators. It would have to be an open