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Discussion Staff is currently working with the City Attorney and the Arden Plaza property owners on an Amended and Restated Development Agreement for the site. This effort was initiated so that the development agreements pertaining to the City approvals granted for the project can be properly recorded with Ramsey County. The Amended and Restated Development Agreement will encompass all previous development agreements and amendments, and going forward will be the principal regulatory document for the parcels within the PUD. Staff presented a draft version of the Amended and Restated Development Agreement to the City Council at a Work Session on April 21, 2014. The draft document included two substantive changes from what was originally approved by the City. One of these changes was the extension now being reviewed in Planning Case 14-018. Following its discussion, the City Council directed staff to have Arden Plaza, LLC submit a formal application requesting this extension. The Pamela Couch Trust and JGC Trust, joint owners of the parcel where Walgreens is located, also requested a change that would have removed the condition that waives their right to appeal assessments levied against their property for the B-2 District streetscape improvements. The City Council directed staff to keep the existing language regarding the assessment in the document. Staff is continuing to work with the Trusts and Walgreens on how they would like to proceed. Once this issue is resolved, a final Amended and Restated Development Agreement will come back to the City Council for review. The Agreement will incorporate any approvals granted by the City Council in Planning Case 14-018. Staff Recommendation Staff recommends approval of Planning Case 14-018 for a Planned Unit Development Amendment at 3527 Lexington Avenue North and 1150 County Road E West, based on the May 27, 2014, Report to the City Council. Requested Action Motion to approve Planning Case 14-018 for a Planned Unit Development Amendment at 3527 Lexington Avenue North and 1150 County Road E West, based on the May 27, 2014, Report to the City Council. Options 1.Approve the proposal as submitted. 2.Approve the proposal with conditions (Recommended Action). 3.Deny the application with reasons for denial. If the City denies the petitioners request, _________________________________________________________________________________________ City of Arden Hills City Council Meeting for May 27, 2014 P:\Planning\Planning Cases\2014\PC 14-018 - Arden Plaza - PUD Amendment\Memos_14-018 34 Page of