11-03-2025 JDA Agenda Packet - Laserfiche WebLink

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line. She explained she and Chair Wicklund were serving on the JDA in 2024 when the County was trying to work to complete a purchase agreement and this did not happen. She commented she has liked the activity from the last five or six weeks, but she questioned if this was enough and inquired why this activity had not been taken sooner. She indicated this also had her asking what would be accomplished in the next 60 days. She was of the opinion more progress would be made in 60 days, but a development agreement would be finalized. She reported the reason she was making a soft recommendation for denial was because there was a Commissioner that really wanted to see another 60 days of negotiations, she would be willing to have that conversation. She stated she wanted everyone to be comfortable with how this project moved forward, but noted she did not see value in a 60 day extension. Commissioner Jebens-Singh commented she came onto the JDA in January. She explained she had hoped this would spur negotiations by the developer and this did not occur, except for the last few weeks. She stated this was unfortunate because there were a number of complex issues that have yet to be addressed. She believed there was an outline in place, but the group has not been able to put flesh on the bones. She was of the opinion an extension to September 7, 2025 would not get this development to the place it needs to be. She believed the extension would just lead to another extension in September. For this reason, she was not recommending the extension be approved. Commissioner McGuire thanked staff and the JDA Advisory Committee members for all of their efforts. She noted this was her first time serving on the JDA. She stated everyone wants to see this development move forward but she too was concerned about he lack of movement from the developer. She agreed that another 60 days may not be enough time to address all of the outstanding issues for this project. She asked if an extension was already granted to the developer. Director Mitchell explained this PDA has not had any extensions. She noted the previous PDA from 2016 received an extension. Commissioner Weber expressed concern with what the purchase price would be for the land. He stated Alatus had proposed the purchase price being $1, but then it appears this is contingent on the cost for the mass grading. Director Mitchell explained these differences were describing to the different deal structures that had been proposed over the past year. She commented the current deal structure would have the mass grading privately financed, the land conveyed in one transaction and the purchase price would be $1. Commissioner Weber asked what the holdup was on this proposal. Director Mitchell indicated the holdups were time and a number of unknowns. She commented every time a new structure was proposed, staff had to complete a great deal of due diligence in