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ARDEN HILLS SPECIAL CITY COUNCIL WORK SESSION — NOVEMBER 7, 2024 14 Councilmember Rousseau is in favor of the JDA continuing those conversations. There are some areas of concern around some of the topics. The Public Works facility is something that stood out tonight. The JDA members can have some of those conversations, as well. Mayor Grant said Council may need to wrap their heads around that, as well, in terms of size and location. He would like Interim City Administrator to be a part of any discussions with Bob Lux. Councilmember Holden said she doesn't understand why we would go into negotiation and tell Bob Lux what is important to us before we have our negotiating tool. She said you should go in and lay out the cards and move one card at a time. She asked when the County is scheduled to meet with Bob Lux next in a closed session. Interim City Administrator Jagoe did not know the schedule. They tentatively have agenda item for a closed meeting discussion on the PSA scheduled for November 261h. That is subject to the PSA being agreed upon and those deal points being reached. Discussion is ongoing. The November 26th meeting is a placeholder. Councilmember Holden asked if anyone has insight. The consultants did not. Councilmember Holden said we have until at least the week of Thanksgiving and didn't think there is any hurry to call Bob Lux prior to the Work Session next week. Councilmember Monson would like to see finances that show what it looks like with the Public Works and without. She would like to see financial impacts of different amounts of TIF, based on scope of the $17 million, what it is today. Stacie Kvilvang said it's less because of interest rates. Before when we were running numbers, interest rates were 3% interest rates environment. Now it's 6 or 7%. Councilmember Monson said she would like to have the values of TIF. She would like the escrow amount confirmed to ensure the first few years were covered. Then Council can decide if that looks good for the City. She wondered how we get there. Stacie Kvilvang said we have had them, and she would just have to update it with the new numbers. She thinks Bob Lux will say he doesn't know what he needs and if he can pay for the Public Works facility, will he get his deal figured out with the county? If they figure that out on the 261h other things can move forward. Councilmember Monson asked what the recommendation is to get to the negotiations. Stacie Kvilvang said concentrating on what the City wants and needs at the parks is going to be huge. If there are any changes to the civic space regarding the timing of taking that down. She thinks financial discussions are premature until we know what his deal is.