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11-04-24 JDA
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11-04-24 JDA
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analysis comprised three primary components: 1. Comprehensive energy analysis to <br />understand the energy demands of the development, 2. Strategies to reduce that demand, <br />primarily high-performance building design, and 3. Renewable energy technologies to meet the <br />remaining demand. Staff and consultants met with project developers several times to discuss <br />strategies and address questions and concerns. As presented at the October 2024 JDA meeting <br />and described in the Clean Energy Analysis report, Ever-Green and LHB’s analysis demonstrates <br />that switching from a business-as-usual Joint Development Authority TCAAP Redevelopment <br />Project development (current building code, natural gas) to an all-electric development with <br />high-performance buildings would reduce greenhouse gas emissions from the site by over 90%. <br />The remainder of the site’s energy needs could be met by a combination of on-site renewable <br />energy generation (primarily solar photovoltaic) and purchasing carbon-free electricity from <br />Xcel Energy’s Renewable*Connect program, making Rice Creek Commons completely carbon- <br />free. The potential increased costs of high-performance buildings and green energy <br />infrastructure can be offset by a range of rebates and funding sources, including Inflation <br />Reduction Act incentives, Xcel Energy rebates, and the MN Climate Innovation Finance <br />Authority (MNCIFA or Green Bank). Based on this evidence, an all-electric, carbon-free <br />development is technically and financially feasible at Rice Creek Commons. <br />Commissioner Frethem asked if this proposal was for the JDA to adopt an overall policy, but <br />does not dictate the option laid out in the report. <br />Chair Wicklund reported this was the case. He asked that the Energy Advisory Commissioners <br />speak to the clean energy policy. <br />Commissioner Reinhardt explained the idea of having a carbon free development was <br />considered before, but this was the next step. She stated this was doable and she appreciated <br />having research and concrete goals in place. She believed this would be a community of the <br />future, especially for those who want to do what is best for the environment. She thanked <br />Commission Monson for boldly leading the Energy Advisory Committee forward. <br />Commissioner Monson stated this has been something that has been a passion for her given <br />her academic and professional background. She reviewed the proposed guiding principles for <br />Rice Creek Commons, noting this principle focused on creating an economically competitive and <br />attractive environment for developers and businesses to create a vibrant community with multi <br />modal transportation options. She stated she understood this policy was ambitious but she <br />understood the JDA could look to The Heights as an example. She wanted to ensure Rice Creek <br />Commons held firm to its goals of being all electric and carbon free. She commented on the <br />financing options that were available for the district energy system that were third party, which <br />would assist with lessening the burden on the community. She appreciated the fact there was <br />proof this policy could move forward without having material economic impacts. <br />Chair Wicklund asked if the JDA had questions for staff or the consultants at this time.
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