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<br /> <br />Approved: 5/29/07 <br /> <br />CITY COUNCIL WORK SESSION <br />APRIL 23, 2007; 6:35 P.M. <br />ARDEN HILLS CITY COUNCIL CHAMBERS <br /> <br />CALL TO ORDER/ROLL CALL <br /> <br />Pursuant to due call and notice thereof, Mayor Stan Harpstead called to order the work <br />1 <br />session at 6:35 p.m. <br /> <br />Present: <br /> <br />Mayor Stan Harpstead, Councilmembers David Grant, Brenda Holden, Fran <br />Holmes and David McClung. <br /> <br />Absent: <br /> <br />None <br /> <br />Also present were Michelle Wolfe, City Administrator; Karen Barton, Community <br />Development Director; Stacie Kvilvang, Elhers; Steven Bubal, Kennedy and Graven. <br /> <br />1. APPROVAL OF MEETING AGENDA <br /> <br />MOTION: Councilmember Grant moved and Mayor Harpstead seconded a motion to <br />approve the meeting agenda as presented. The motion carried unanimously <br />(5-0). <br /> <br />2. MASTER DEVELOPMENT AGREEMENT <br /> <br />i. Purpose of the MDA <br />Mr. Bubul introduced himself and stated that he was a plarrner before attending law school <br />and now primarily practiced law in the areas of redevelopment, real estate, land use and <br />finance. <br /> <br />Mr. Bubul stated that there was no such thing as a standard master development agreement <br />(MDA) because every transaction was different and the role of master developer could vary <br />significantly. The general purpose of the MDA was to layout what was to be done with the <br />property, who was to do it and who was to pay for it. Included in the packet was a list of <br />documents that were grouped into several categories. Mr. Bubul reviewed with the Council <br />the different categories. <br /> <br />ii. Compoueuts of the MDA <br />Transfer of Property <br />Many of the real estate aspects were already handled in the offer to purchase (OTP). This <br />would be a simultaneous transaction. <br />