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Director Mitchell stated this phase of the project did have more waivers than was originally <br />anticipated noting this was due in part to the fact the sustainability guidelines were being <br />developed as Ryan Companies was seeking end users throughout 2024. She indicated this set of <br />recommended sustainability measures was dependent upon additional investment. She <br />commented if IRA (Inflation Reduction Act) tax credits could have been used for this project, <br />this premium would have been reduced. She thanked Rick Carter with LHB and the Ryan <br />Companies team for working with staff so diligently to analyze the technologies that were <br />available to meet the proposed sustainability design guidelines. <br />Commissioner Weber asked if the roof could be rented out, because it would be solar ready. <br />Mr. Carter reported this would be the case. <br />Commissioner Weber questioned if the IRA funding would be available for the remainder of the <br />40-acre development. Director Mitchell stated she was in discussions with Ryan Companies <br />about this and Ryan Companies would be exploring their options. <br />Commissioner Jebens-Singh indicated this was a learning project and all future projects would <br />be aware of the sustainability design guidelines. She explained she was grateful that with <br />concessions being made, this project would still be future ready and would be designed for <br />what was possible for future success. She stated she was very excited about the progress that <br />had been made on this project. <br />Commissioner Monson asked if the County opts to not adjust the cost of the property, would <br />this item come back to the JDA. Mr. Carter indicated this item would come back to the JDA. <br />Commissioner Monson thanked Ryan Companies for providing their expertise on the <br />sustainability measures that would be pursued within this development. She explained she <br />appreciated the data that would be collected for this project in order to better understand <br />what would be happening with this building. <br />Commissioner McGuire stated she also appreciated the fact that this building would be <br />designed for the possible. She understood the JDA had high goals and she appreciated the fact <br />that Ryan Companies was willing to work with the JDA in order to reach these goals. <br />Motion by Commissioner Weber, seconded by Commissioner Monson to approve the <br />recommended Sustainability Design Guidelines waiver requests, with the conditions described. <br />Motion carried. <br />b. Review Term Sheet <br />Director Mitchell reviewed the agreed upon term sheet from December 2023 with the JDA.