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CONSENT AGENDA ITEM 5b <br />MEMORANDUM <br />DATE: April 7, 2025 <br />TO: Joint Development Authority Board of Commissioners <br />FROM: Jessica Jagoe, Development Director <br />SUBJECT: JDA Planning Case 25-002 - Ryan Companies US, Inc. Development Agreement <br />Commissioners Should Consider <br />Motions to approve, table, or deny the following: <br />•Development Agreement for Ryan Companies US, Inc. (Ryan RCC I, LLC) based on <br />the Joint Development Authority approval of JDA Planning Case 25-002 on March <br />17, 2025. <br />Background <br />On March 17, 2025, the Joint Development Authority approved a Preliminary Plat, Final Plat, <br />and Site Plan Review for Ryan Companies US, Inc. (“Applicant/Developer”) at Outlot A, off of <br />Rice Creek Parkway. The project was approved with 19 conditions. The Developer will develop <br />the site for a combined office and manufacturing use for Micro Control Company, which the <br />Applicant describes as an “advanced technology company that specializes in Technology, R & D, <br />and Advanced Technology Testing.” The Applicant has stated that the company provides “over <br />240 high-quality jobs, offers competitive wages and benefits, and anticipates more than 20% <br />growth in the next 5 years.” The proposed structure would be an approximately 157,820 square <br />foot building. <br />This project requires a Development Agreement between the Joint Development Authority and <br />the Developer before the development permits can be issued. The JDA Attorney has prepared <br />the Agreement and the document has been reviewed and approved by the Applicant as well as <br />the respective City and County Attorneys and staff (Attachment A). <br />Options and Motion Language <br />Development staff has provided the following motion language for this case. <br />Joint Development Authority <br />TCAAP Redevelopment Project