04-21-08-WS - Laserfiche WebLink

Home Browse Search

ARDEN HILLS CITY COUNCIL WORK SESSION -April 21, 2008 3 Mr. Collins provided an overview of the following in relation to the TCCAP Project: Key Issue List . Arrny/GSA . Master Planning . Highways Accomplishments . Public process . Master planning . Land transfer progress . Highway progress Umesolved o Resolution of density and public financing components . Actions after density and economics are determined Mr. Collins stated in relation to progress made to date, they are likely furthest along with the Army/GSA in all of the three legs. He stated June 30, 2009 is the proposed closing date. There are approximately 39 City Council meetings between now and June 30, 2009. The largest concern of RRLD is that if they cannot find a way to change the process they will simply run out of time and will not achieve the goals for approval prior to closing, which is required for them to manage their risks. He provided an overview of the following requests for the City Council to consider and discuss jointly with RRLD: . Joint agreement and approval of schedule for decision making and approval necessary to work on all three legs of the stool in order to proceed to closing. RRLD would propose working with Stacy K vilvang in terms on the draft schedule prior to the May 12th Council meeting. . Request for immediate commencement of discussions and negotiations relating to the project financial models and public financing in order to proceed to project models and development densities. . After the above discussions are better framed, Council would be requested to approve a conceptual master plan and a conceptual public financing framework. . A joint commitment between RRLD and the City to completion and Council approval of a term sheet as a milestone towards a master development agreement. o Reassessment of the highway infrastructure funding status and the pursuit of funds. There are roles the City and Council should play and roles the developer and outside legal firm should play. . Commitment by the City and RRLD to finalize, approve and implement a joint communication plan. o Identification of things the City and RRLD can accomplish together that help to foster a "We are in this together" approach to the development.