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for the entire site. This memo builds on previous information provided and identifies next steps <br />if the JDA would like to continue to explore this approach. <br /> <br />Director Mitchell explained the concept of a hybrid developer approach would be to divide the <br />site into development areas and seek development partners through separate competitive <br />solicitation processes for each area based on development expertise. For example, a solicitation <br />for a neighborhood with residential land uses would seek a developer with residential <br />expertise, and a neighborhood with commercial land uses would seek a developer with <br />commercial expertise. It is possible that selected developers would bring on sub-developers to <br />within development area to complement their expertise and add capacity. <br /> <br />Director Mitchell reported the JDA, City, and County may need to play a more active role in <br />coordination amongst developers and other project partners to ensure infrastructure, <br />amenities, and other sitewide items are covered. Ramsey County’s scope and timeline for site <br />preparation and construction of Rice Creek Boulevard would also be important to establish. <br />Staff provided a summary of RFI responses on the development approach from the December <br />JDA agenda packet. It is intended to serve as a starting point for discussion and is not <br />necessarily an exhaustive accounting of all of the factors to consider. <br /> <br />Director Mitchell commented if the JDA would like to pursue to a hybrid developer approach, <br />the next steps would be for the City and County staff to identify and analyze the items needed <br />to be addressed in a cooperative agreement and offer options or solutions for each item to <br />present to the respective parties. Staff estimate they may need 90-120 days to facilitate these <br />conversations with their respective leadership and elected officials. The City and County would <br />then report back to the JDA. <br /> <br />Commissioner Jebens-Singh stated she supported bringing on a real estate development <br />consultant. She indicated if a phased project could bring about new funding sources, she <br />supported looking into this option further. <br /> <br />Commissioner Monson asked what issue was being solved through the hybrid approach. <br />Director Mitchell explained this approach may allow certain portions of the project to move <br />forward faster. She indicated different developers and expertise could be brought in and the <br />risk for this project would be diversified. <br /> <br />Commissioner Monson stated this did not fully answer her question noting the project would <br />not be able to move forward with out coordination with the US Army. She commented the JDA <br />has tried to approach this project with one lead developer. She indicated there were a lot of <br />hurdles around the purchase agreement. Director Mitchell discussed how the purchase <br />agreement had to be ironclad if the entire parcel was going to be sold to one developer. She <br />indicated part of the risk diversification was to allow parcels to be sold off and this would create <br />more simple purchase agreement negotiations. <br />