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ARDEN HILLS CITY COUNCIL—JUNE 27, 2016 16 10. A traffic study has been completed for the expansion of the Campus and suggests that a 3/4 access be constructed during Phase 1 of the project. 11. The proposed plan is in conformance with the City's 2030 Comprehensive Plan. The property at 4001 Lexington Avenue North is guided for Light Industrial and Office (1/0). The IO area is designated for a broad range of light industrial uses such as warehousing with manufacturing and office. City Planner Streff stated the findings of fact for the Master Planned Unit Development (PUD) Amendment and Final PUD for Phase 1 support approval. However, if the City Council chooses to deny the application, the findings of fact would need to be amended to reflect the reasons for the denial. Staff explained the Planning Commission reviewed Planning Case 16-014 at their regular meeting on June 8, 2016, and unanimously recommends approval (5-0) for a Master Planned Unit Development (PUD) Amendment & Final PUD for Phase 1 located at 4001 Lexington Avenue North, based on the finding of fact and submitted plans, as amended by the sixteen(16) conditions in the June 27, 2016, Report to the City Council. 1. That the project shall be completed in accordance with the submitted plans as amended by the conditions of approval. Any significant changes to these plans, as determined by the City Planner, shall require review and approval by the Planning Commission and City Council. 2. That the applicant shall obtain a permit within one year of the Final Phase 1 PUD approval or the approval shall expire unless extended by the City Council prior to the approval's expiration date. Extension requests must be submitted in writing to the City at least 45 days prior to the expiration date. 3. That the applicant shall apply for a Final Phase II PUD within one year of the approval of the Final Phase 1 PUD or the approval shall expire unless extended by the City Council prior to the approval's expiration date. Extension requests must be submitted in writing to the City at least 45 days prior to the expiration date. 4. That a Master PUD Agreement and Phase I Development Contract shall be prepared by the City Attorney and subject to City Council approval. The Master PUD Agreement and Final Phase I Development Contract shall be executed prior to the issuance of any development permits for Phase 1. 5. The applicant shall provide a construction phasing plan that includes plans for fire and police access throughout construction, subject to the approval of the Fire Marshall, Public Works Director, and Ramsey County Sheriff prior to the issuance of any development permits. 6. The Developer shall submit a financial surety in the amount of $200,000 for site improvements, including grading, utilities, and paving, prior to the issuance of any development permits. Upon completion of required Developer improvements, and acceptance by the City, the City may reduce the amount of security for the improvements still to be completed. The financial surety shall be in the form of a letter of credit issued by a FDIC-insured Minnesota bank, and be in a form acceptable to the City. The purpose of the letter of credit is to ensure that private site improvements stabilized in the event that the Developer defaults on the Master PUD Agreement and Phase I Development Contract. 7. The Developer shall submit a cash escrow for site improvements, including grading, utilities, and paving, in the amount of$20,000 prior to the issuance of any development permits. The escrow will be used for City costs related to review, approval, and inspection