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3. The PUD process allows for flexibility within the City's regulations through a negotiated process with a developer. 4. The CSM properties are comprised of a total of 16.6 acres. 5. The CSM properties are located at 4255, 4265, 4293 and 4295 Lexington Avenue North. 6. The CSM properties are located in the I-1 —Limited Industrial District. 7. The proposed use is a permitted use in the I-1 —Limited Industrial District. 8. The Master and Final PUD are in substantial conformance with the requirements set forth in the City's Zoning Code and design standards. 9. Where the plan is not in conformance with the City's Zoning Code, flexibility has been requested by the applicant. 10. The proposed plan is in conformance with the City's 2030 Comprehensive Plan. The properties are guided for Light Industrial and Office (I/O). The I/O area is designated for a broad range of light industrial uses such as warehousing with manufacturing and office. Recommendation Based on the submitted plans and findings of fact, staff recommends approval of Planning Case 17-012 for a Master and Final Planned Unit Development (PUD) at 4255, 4265, 4293, and 4295 Lexington Avenue North. If the Planning Commission recommends approval of this request, staff recommends that the following nine conditions be included with the approval: 1. 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. The applicant shall obtain a permit within one year of the 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. A PUD Agreement shall be prepared by the City Attorney and subject to City Council approval. The PUD Agreement shall be executed prior to the issuance of any development permits. 4. The applicant shall submit a financial surety in the amount of 125 percent of the estimated costs of landscaping prior to the issuance of any development permits. The financial surety shall be in the form of a letter of credit issued by a FDIC-insured bank. The letter of credit shall automatically renew for successive one-year terms unless at least sixty (60) days prior to the next annual renewal date, the issuing bank delivers notice to the City that it intends to modify the terms of, or cancel, the letter of credit. A partial reduction in the letter of credit may be granted by the City in the event that landscaping improvements are installed over successive growing seasons. The purpose of the letter of credit is to ensure that landscaping is completed in the event that the developer defaults on the PUD Agreement. City of Arden Hills Planning Commission Meeting for May 3,2017 P:WlanninglPlanning Cases120171PC 17-012-4255-4295 Lexington Avenue-CSM-Master and Final PUDIMemos Reports 17-012 Page 7 of 9