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AGENDA ITEM – 8A City of Arden Hills City Council Meeting for July 25, 2016 P:\Planning\Planning Cases\2016\PC 16-016 - Land O'Lakes - Final PUD Phase 2\Memos_Reports_16-016 Page 8 of 13 specific requirements on these road improvements being completed as part of Phase 2 of the development. The traffic study was submitted to the Ramsey County Traffic Engineer for review, and their comments for both Phase 1 and Phase 2 of the Master PUD can be reviewed in Attachment D. Ramsey County has stated that funding for the road improvements, including the proposed traffic signal, shall be provided by Land O’Lakes and potential partners. Ramsey County does not have funds available to contribute to the necessary improvements. However, the County will administer the construction project for public road improvements and provide inspection services. 5. Tax Abatement On April 11, 2016, the City Council approved an Abatement Contract with Land O’Lakes to facilitate the company’s plans for the corporate headquarters consolidation. Under the terms and conditions of the Contract, Land O’Lakes must complete certain minimum improvements including the construction of a 145,000 square foot office building expansion. As proposed, the Final PUD for Phase 2 includes a new 155,000 square foot office building, therefore, meeting the requirement of the Abatement Contract. 6. Financial Surety Requirements As part of the approval for the Master PUD and Final PUD for Phase 1 of the development, the City Council approved conditions requiring Land O’Lakes to provide financial sureties in the form of a Letter of Credit and cash escrow for both the site improvements and landscaping. These financial surety requirements were drafted to provide the City with adequate protection for both Phase 1 and Phase 2 in the event of a default. At this time, Land O’Lakes has provided all of the required financial sureties in conjunction with their development permit submittal for Phase 1. No additional sureties will be required from Land O’Lakes prior to the issuance of development permits for Phase 2. 7. Additional Review A. Building Official, City Engineer, and Fire Marshal The Building Official, City Engineer, and Fire Marshal have reviewed the submitted Plans for Phase 2 of the development. Their comments have been provided in Attachment D. The majority of these comments have been corrected within the updated plan set. All final building plans will be subject to the Building Official and Fire Marshal’s approval prior to