4F, Planning Case 11-016 - Approval of Arden Plaza, LLC Development Agreement

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'...A.RZN HILLS MEMORANDUM DATE: October 10, 2011 TO: Honorable Mayor & City Councilmembers Patrick Klaers, City Administrator FROM: Meagan Beekman, City Planner SUBJECT: Planning Case #11 -016 Applicant: Arden Plaza, LLC Property Location: 3585 Lexington Avenue North Subject: Arden Plaza, LLC Development Agreement Requested Action Motion to approve the development agreement between the City and Arden Plaza, LLC, as presented in the October 10, 2011, report to the City Council. Background At the August 29, 2011, meeting, the City Council approved a Preliminary and Final Plat, and amendment to the Final PUD for the Arden Plaza redevelopment. The original Master PUD and Final PUD were approved in June of 2009. The amendment adjusted the site layout, and construction timeline from the original approval, and replaced CVS Pharmacy with Walgreen's as the user on the corner parcel. As part of any Master and Final PUD, the City requires that a development agreement between the developer and the City be signed and filed with the County against the deed of the property. At the August 29, 2011, meeting, Staff did not present a development agreement because there were details within the agreement that had not yet been worked out between the City and the applicants. The Council also added conditions that needed to be incorporated into the final development agreement. For this application, Staff and the City Attorney have decided to prepare two separate development agreements; one between Arden Plaza, LLC and the City, and one between CVS City of Arden Hills City Council Meeting for October 10, 2011 P; IAdmin1Council \Agendas & Packet Information12011110 -10 -11 Regular1Packet Information110 -10 -11 - Arden Plaza - Memo.doc Page 1 of 2