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ARDEN HILLS CITY COUNCIL—FEBRUARY 10, 202.5 2 infrastructure, and reporting. JDA staff is also working with LHB and the JDA attorney to describe implementation and compliance, including the waiver approval process. Direction was given at this meeting to City and County staff to determine next steps, if any, for memorialization of standards. Also at the January meeting, Ryan Companies presented a concept plan for Outlot A. The project would be a combination of office and manufacturing use for Micro Control Company located in Friday. They are a local advanced technology company specializing in technology manufacturing, research and development, and advanced technology testing. It is estimated they would provide over 240 high-quality jobs and the company is anticipating more than a 20% growth in the next five years. The proposed structure would be an approximately 157,725 square foot building with an area on the east side of the building for a 13,100 square foot expansion area. Ryan Companies is working through their final design plan to determine next steps whether that would be for review by the JDA compliant with TRC or seek City review of TRC amendments prior to JDA review. At the February Yd meeting, JDA staff presented the draft Annual Report. Information will be added on budget/financials from Ramsey County staff along with comments for ongoing 2025 items to be completed. A final report will be distributed to the City and County upon completion. Commissioners discussed the current agreements in place for Outlot A with Ryan Companies and California Parcel with Alatus. JDA staff reviewed that the Preliminary Development Agreement with Alatus and initial discussion occurred on language in the PDA regarding substantial agreement on the terms of the Development Agreement and the agreement being effective through June 30"', 2025. County staff shared that negotiations are still ongoing on the terms of a PSA, but any agreement would be contingent on a Development Agreement. Additionally, the JDA Attorney indicated that the PDA terminates if not satisfied with a Development Agreement or extended. The JDA has requested that staff provide an update on the term sheet at the March meeting to assess and decide on progress of substantial agreement of DA terms. The next JDA meeting will be Monday, March 17t'. Councilmember Holden asked if the City was paying for the Ehlers reports or was this being paid for by the JDA. City Administrator Jagoe explained the previous Ehlers reports have been paid for by the City. Councilmember Monson clarified the agreement with Alatus has a deadline of June 30, 2025, which was fast approaching. She indicated the JDA discussed the timeline and how to go about moving towards an agreement. Councilmember Holden explained the agreement with the County only addressed the sale of the property and does not address affordability or how deep affordability would be. She questioned if the development agreement would address housing affordability. City Administrator Jagoe reported the purchase and sale agreement will include a clause that it was contingent of the development agreement. She stated the development agreement would be through the JDA separate from the PSA, which would be with the County.