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Pharmacy and the City. Each development agreement describes the obligations of that developer <br />in regards to this application. The reason for this is because there are certain conditions of <br />approval related to the platting of the property that are independent of CVS Pharmacy's <br />obligations with the City. Legally it is cleaner and easier to keep the agreements separate. This <br />was a similar process as was used with the Select Senior Living proposal across the street. <br />As a rather large organization, CVS Pharmacy is still working through their review of the <br />development agreement between their organization and the City, as a result Arden Plaza, LLC <br />has requested that the City move forward with its approval of their development agreement. <br />Approving the development agreement between Arden Plaza, LLC and the City allows Arden <br />Plaza to move forward with platting the property, and potentially begining their own site work in <br />preparation for the pharmacy. <br />The City Attorney has reviewed this proposal and does not have any concerns about approving <br />the two development agreements separately. The development agreement between the City and <br />CVS Pharmacy will likely come before the Council November, but in any event will need to be <br />approved and executed prior to the issuance of any building permits. <br />Discussion <br />At the August 29, 2011, meeting, the Council added three conditions, two of which pertained to <br />the CVS parcel, and will be incorporated into that development agreement. One of the <br />conditions was related to the improvements that will be made by Arden Plaza on the existing <br />retail site. This condition has been incorporated into the development agreement between the <br />City and Arden Plaza, LLC. <br />Recommendation <br />Staff recommends approval of the development agreements. <br />Requested Action <br />Motion to approve the development agreement between the City and Arden Plaza, LLC, as <br />presented in the October 10, 2011, report to the City Council. <br />Attachments <br />A. Development Agreement between Arden Plaza, LLC and the City. <br />City of Arden Hills <br />City Council Meeting for October 10, 2011 <br />P: IAdmin\Council\Agendas & Packet Information12011110 -10 -11 RegularlPacket Information110 -10 -11 - Arden Plaza - Memo.doc <br />Page 2 of 2 <br />