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<br />~ <br /> <br /> <br />~ <br />EN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />February 22, 2007 <br /> <br />Agenda Item 7 A <br /> <br />TO: <br /> <br />Mayor and City Council <br />Michelle Wolfe, City Administrator <br /> <br />Karen Barton, Community Development Director ~ <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Preliminary Development Agreement Review <br /> <br />Attached is the revised final draft to the Preliminary Development Agreement (PDA) between <br />the City and CRR, LLC for the purchase and redevelopment of the TCAAP property, and a <br />proposed Amendment to the Funding and Guaranty agreement between the City and CRR, LLC. <br />Mr. BubuJ of Kennedy and Graven will be present to review the documents with Council at the <br />meeting Monday night. <br /> <br />Ciryof Arden Hills <br />Cit}' Council ~1'yfeeling <br />Februmy 12, 2007 <br /> <br />,IMetro-inel.uslardenhil'sl.Planning\Commul7iry Del'elopmenf\CoLll1cil Agenda !remslPreliminary Del"elopmeJlf Agreemem Rel"int" memo 10 <br />counciIO]-22-07-doc <br /> <br />Page I ofl <br />