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Joint Development Authority <br />TCAAP Redevelopment Project <br />Joint Development Authority <br />TCAAP Redevelopment Project <br />AGENDA ITEM 8e <br />MEMORANDUM <br />DATE: June 2, 2025 <br />TO: Joint Development Authority Board of Commissioners <br />FROM: Directors Jagoe and Mitchell <br />SUBJECT: Receive Alatus Presentation <br />Alatus has requested to present to the JDA on the following topics: <br />•Reasoning behind Alatus proposal to privately fund the mass grading for site and how they see it <br />coming together. <br />•Review the value creation and timing worksheet provided to the advisory group. <br />•Housing affordability and current discussions with Habitat for Humanity. <br />•Alatus’s desire to get to a definitive development agreement and purchase agreement for the <br />property so they can start the mass grading in 2025. <br />Attachments: <br />None <br />Action Requested: <br />None