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As part of the original application, the developer also received approval for a Final PUD for Phase I of the development. The first phase was for Buildings 1 and 3, but would have also included a mill and overlay of the existing parking lot, construction of main street style entrances at County Road E and Lexington, implementation of the landscape plan, and site grading and grass pads for future buildings 2 and 4. Since the approval of the Master and Final PUD for Phase I, the developer's negotiations with Walgreens have stalled. The developer has since negotiated with CVS Pharmacy, and is proposing amendments to the Final PUD for Phase I in terms of layout and timeline. The changes to the project are summarized in detail in Attachment A. The Master PUD, along with the original plan set and the conditions of approval associated with it, remains valid. The originally approved Development Agreement has been included as Attachment B, along with a copy of the Master Plan. At this time, the applicants are requesting amendments to the Final PUD for Phase I pertaining only to the site layout for Lot 1, as well as the timing of some of the overall site improvements associated with Phase I. In addition, the configuration of the subdivided lots is to be adjusted slightly because Building 3, and the lot it was on, has been removed from the development plan. Project Proposal and Process 1. Project Description The 12.55 acre Arden Plaza property currently includes two buildings: a retail strip mall with approximately 55,000 square feet and the "pod office building" with 45,944 square feet of gross floor area. The applicant proposes to demolish the pod office building, construct three new buildings, retain the strip mall, and subdivide the property into three lots. The entire project would be completed in three phases. The proposed tenant for Building 1 is a CVS Pharmacy store. Building 2 is anticipated to be a single restaurant user, and Building 4 is yet to be determined. Building 3 was originally approved as a 4,500 square foot retail space, attached to Building 1, but has since been removed from the development plan. The developer does not yet have tenants for buildings 2 or 4, though is actively marketing the site. The first phase, which is the subject of this review, is for Building 1. The applicant has included a revised Phase I Development Plan (Attachment C) which details what aspects of the project will be constructed with Phase I. 2. Planned Unit Development (PUD) Process: The PUD process is a tool that provides additional flexibility for developments that an underlying zoning district would not otherwise allow. For example, a PUD may change the City of Arden Hills Planning Commission Meeting for August 3, 2011 P: (Planning \Planning CasesI2011111 -016 - Arden Plaza - PUD Amendment (Pending)108 -03 -11 - PC Report - Arden Plaza - PUD Amendment.docx Page 2 of 10