04-07-2025 JDA Agenda Packet - Laserfiche WebLink

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D-2 TW185\1\1011577.v13 which Declarant is required to comply with the Sustainability Design Guidelines, as described herein; and WHEREAS, the JDA seeks to guide the future development and use of the Property and the Development by future owners of the Property in order to preserve and maintain the value of the Property, the Development and the surrounding community. THEREFORE, on behalf of itself, its successors and assigns, for good and valuable consideration, the receipt and sufficiency of which Declarant hereby makes the following declarations as to limitations and restrictions to which the Property may be put and specifies that such declarations shall bind the Property and shall constitute covenants to run with the Property. I. Reporting. Beginning on the one-year anniversary of issuance of the certificate of occupancy for the commercial building, and on an annual basis thereafter, Declarant shall report monthly whole-building energy consumption, on-site energy generation, electrical demand, and water use by entering such information into Energy Star Portfolio Manager, or, upon notification to the Declarant by the JDA, the City or the County, to a successor program or entity. II. Electrification. In the event that the commercial building is supported by less than 100% electric power, the Declarant must purchase an equivalent amount of carbon credits to offset the deficiency through January 1, 2045. As of January 1, 2045, the commercial building must either be supported by 100% electric power or must purchase carbon credits to offset the deficiency until such time as the commercial building is supported by 100% electric power. III. Renewable Energy. The commercial building shall, at a minimum, have a PV-/solar-ready (“PV-ready”) roof. Prior to the issuance of a building permit for the tenant improvements to be performed at the Building, Declarant will obtain, and provide copies to the JDA , of at least two proposals from solar developers to explore the feasibility of installing a full photovoltaic (PV) (“Full-PV”) system that maximizes the available roof area. In the event that the cost to Declarant and Tenant of a Full-PV system is cost-neutral, Developer will install the Full-PV system. Any renewable energy credits (“RECs”) generated from the Full-PV system, if installed, are not required to remain with the Development. IV. Embodied Carbon. Prior to issuance of the building permit for the tenant improvements to be performed at the Building, Declarant shall conduct, and provide to the JDA, a whole building life-cycle assessment and achieve at least a 10% reduction in global warming potential, using the calculation methods established in LEED BD+C: New Construction. V. Notices. Any notice required in this Declaration shall be delivered personally or sent by U.S. certified mail, return receipt requested as follows: a) as to Declarant: b) as to City: City of Arden Hills Attention: City Administrator 1245 West Highway 96 Arden Hills, Minnesota 55112 c) as to County: Ramsey County Office of the County Manager