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ARDEN HILLS CITY COUNCIL—APRIL 14, 2025 2 The JDA also approved a waiver with recommendations for the sustainability guidelines for this project. At the April 7th meeting the JDA approved the Development Agreement for Ryan Companies. This is the first phase of development for Outlot A. Additionally at this meeting, the JDA reviewed and has started the process of drafting their 2026 Budget. During these meetings as part of the road map discussion, the JDA discussed a community engagement event being held sometime later this year with the intent of providing educational information to the public on Rice Creek Commons. As an update since the April 71h JDA meeting, Ryan Companies has closed on the sale of the land from Ramsey County and there will be some initial site preparation work beginning in mid-April with the project construction anticipated to start by May 1st Next the JDA Advisory Committee met on March 27t'and April 9t'. At the March 27'meeting the Advisory Committee met with Alatus to review the term sheet approved by the JDA in December 2023 which will be the detailed framework that is then incorporated into a Development Agreement for the California Parcel. During this meeting, the County provided an update that the Spine Road design plans are on schedule to be completed by the end of this year. Alatus provided an update on their mass grading plans for private neighborhoods. During the JDA Advisory Committee meeting on April 91 the Alatus team reviewed a phasing plan they are working on for the mass grading of the private neighborhoods and the timing of Spine Road construction. With the phasing of the Spine Road construction, they are contemplating that the development potential in Phase 1 would be for access to the north Flex Office commercial area and Southwest and Hill neighborhoods. With the engineering work they've completed to date, they are now able to put more specificity to the number and types of housing units which will be reviewed at the next JDA Advisory meeting. Commissioners asked that an update be provided to the JDA at a future meeting on Geo-Thermal to understand timing with road construction design plans. Ramsey County staff will be preparing an update for this report and reviewing information with the Energy Advisory Committee as well. The Energy Advisory Committee has not met since the last Council meeting. The next JDA meeting will be Monday, May 5"' at 5:30. Advisory committee meeting dates will continue to be posted on the City's website as they are scheduled. Mayor Grant reported Rice Creek Commons would have two different developers. He noted Ryan Companies would be developing Outlot A (42 acres) and Alatus would be developing the remainder of the property (the California parcel). He questioned if a development agreement and purchase agreement had to be executed with Alatus by June 30. City Administrator Jagoe explained the preliminary development agreement with Alatus talks about substantial progress towards a development agreement but does not require a development agreement to be finalized by June 30. As the JDA approaches this deadline, decisions need to be made on whether or not an extension would be required.