05-05-2025 JDA Agenda Packet - Laserfiche WebLink

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Chair Wicklund recommended this topic be further discussed by the JDA at the June 2 worksession meeting. In the meantime, he recommended the JDA members review the website and come to the June 2 meeting with recommendations. Commissioner McGuire asked how the funding for this budget was managed. Director Mitchell explained Ramsey County was the fiscal sponsor for the JDA and the County has a project account that is used to pay for expenditures. Chair Wicklund stated after reviewing the proposed budget for 2026, it appears to be in line with previous years. c. Review Term Sheet Director Mitchell reviewed the term sheet with the JDA. She reported on March 27 the JDA Advisory Committee met with representatives from Alatus to discuss the development agreement. She asked that the JDA Advisory Committee members speak to this further. Commissioner Jebens-Singh explained she was glad the JDA recommended the Advisory Committee meet with Alatus. She indicated her impression was there was not a lot of increased action or urgency on the project and unfortunately not all of the lead players from Alatus were in attendance at the meeting. She stated after reviewing the Term Sheet there were no new information, but she was able to have a meeting where all of the main sticking points could be reviewed and a more aggressive meeting timeline was put in place. She noted the Advisory Committee would be meeting with representatives from Alatus again this week in hopes of moving this project forward. Commissioner Monson commented she was a little disappointed with the fact Alatus did not have their full leadership slate in attendance at this meeting. She was hopeful the Advisory Committee could work with Alatus to keep the ball moving. Commissioner McGuire thanked Commissioners Monson and Jebens-Singh for attending this meeting. She asked that the term sheet be updated to clarify which party was responsible for completing certain tasks. Chair Wicklund requested the Advisory Commission members speak to the top two or three sticking points. Commissioner Jebens-Singh explained one of the sticking points is the removing or relocation of Building 116. Director Mitchell noted this was an Army building that houses the TCAAP ground water remediation system. She stated staff has started to do some feasibility analysis on this but the Army has to be a key partner in these discussions. Commissioner Jebens-Singh asked if this matter has to be finalized to move forward with the two agreements, or could this matter be addressed at a later date. Director Mitchell