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<br />1 <br />f <br /> <br /> <br />~ <br />EN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />February 8, 2007 <br /> <br />Agenda Item 7B <br /> <br />TO: Mayor and City Council <br />Michelle Wolfe, City Administrator <br /> <br />FROM: Karen Barton, Community Development Director <br /> <br />SUBJECT: Preliminary Development Agreement Review <br /> <br />Attached is the final draft to the Preliminary Development Agreement (PDA) between the City <br />and CRR, LLC for the purchase and redevelopment of the TCAAP property, as well as a memo <br />from Mr. Steve Bubul of Kennedy and Graven Chartered summarizing the PDA, and a proposed <br />Amendment to the Funding and Guaranty agreement between the City and CRR, LLC. Mr. <br />Bubul will be present to review the documents with Council at the meeting Monday night. <br /> <br />City of Arden Hills <br />City Council Meeting <br />February fl, 2007 <br /> <br />\\Melro-in('r.us\ardenhif/s\Planning1Communi(1l Del'elopmenllCoul1cil Agenda IlemslPreliminary Df!l"elopmenr Agreemelll Rel'iew memo EO <br />counciI02-08-07.doc <br /> <br />Page] of] <br />