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City of Arden Hills City Council Meeting for October 31, 2016 P:\Planning\Planning Cases\2016\PC 16-024 - Arden Plaza - 1150 County Road E - Final PUD\Memos_Reports_16-024 Page 8 of 9 financial surety shall be in the form of a letter of credit issued by a FDIC-insured Minnesota bank. The purpose of the letter of credit is to ensure that landscaping is completed in the event that the developer defaults on the Development Agreement. The City will hold the letter of credit for two years after the installation of landscaping. The letter of credit should not expire during the two-year period. 9. The Developer shall submit a cash escrow in the amount of 25 percent of the estimated costs of landscaping prior to the issuance of any development permits. The escrow will be held by the City for two years after installation of landscaping and used for City costs related to review, approval, and inspection of landscaping, or developer default. 10. Final construction plans shall be subject to approval by the Building Official and Fire Marshall prior to the issuance of a Building Permit. 11. The Developer shall provide the City with a copy of the Rice Creek Watershed District permit for the project prior to the issuance of any development permits. 12. A Grading and Erosion Control Permit will be required prior to the issuance of a Building Permit. The Developer shall be required to demonstrate that the existing stormwater system for Arden Plaza is adequate to accommodate the additional runoff that will result from the development. 13. The Developer shall obtain a Right-of-Way Permit from Ramsey County for any construction work required for the development within the County Road E right-of-way. 14. The building shall be permitted no more than a total of 150 square feet of wall signage. 15. All roof-mounted mechanical equipment shall be screened from ground-level view of public streets. Wood screening shall not be permitted. 16. Trash service enclosure shall be fully enclosed and constructed with the same brick fiber cement panel used for the principal structure. 17. All spandrel glass used on the building shall be light grey or other color that closely matches the appearance of the transparent glass being used. 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, “…it must state in writing the reasons for the denial at the time it denies the request.” 4. Table for additional information. Notice The City Code does not require a public hearing for a Final PUD application. However, notice of the application and public meeting was prepared by the City and mailed to property owners within 500 feet of the subject property.