05-12-25-R - Laserfiche WebLink

Home Browse Search

ARDEN HILLS CITY COUNCIL—MAY 12, 2025 2 On May 71h, the JDA Advisory met with Alatus to discuss the framework of the 2023 term sheets items that need to be structured for the development agreement. The Preliminary Development Agreement expires June 30th. JDA staff restated the need for the information on what, when, and where of the vertical development in order to have an understanding and discussion on private and public financing. Alatus agreed to provide a development plan and anticipated phasing as well as a response to the County's prevailing wage ordinance and a justification for an exception if they are asking for that on any part of the vertical development before the next advisory meeting. The Energy Advisory Committee has not met since the last Council meeting. Advisory committee meetings as they are scheduled, will continue to be posted on the City's website. Councilmember Holden questioned if a financial review has been done by the City or County. City Administrator Jagoe commented she did not believe this had been done by the JDA but noted this was being done by the County as part of the purchase and sale agreement. Councilmember Holden inquired where Ryan Companies would be getting water for the loop system on Outlot A. City Administrator Jagoe and Councilmember Monson explained the water would be coming from geothermal wells. Councilmember Holden asked if this well system had been approved by the Army Corps of Engineers. City Administrator Jagoe stated the developer would have to go through the permitting process as part of the sustainability guidelines. Mayor Grant commented June 30 was the deadline for the agreement with Alatus. He explained if the City reaches this deadline, he recommended communications with Alatus cease so as not to expose the City to an agreement without any conditions. He recommended any extension be considered 10 days in front of June 30 to ensure an extension is in place by June 30. He reported if the City were to go beyond June 30, litigation could happen. Councilmember Weber did not believe it was advisable for the City Council to be discussing this matter at this time, noting the City was in a good faith negotiation timeframe with Alatus at this time. Councilmember Monson indicated conversations were moving quickly and information was flowing between the JDA and the developer, which was a positive outcome. She commented the City received a grant for $72,000 for the geothermal planning. She discussed the groundbreaking ceremony that was held for Outlot A. Councilmember Holden stated she believed the Mayor should be able to make comments when he has concerns regarding the City and the City's position. 3. PUBLIC INQUIRIES/INFORMATIONAL