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ARDEN HILLS CITY COUNCIL—MAY 22, 2017 9 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 (1/0). The 1/0 area is designated for a broad range of light industrial uses such as warehousing with manufacturing and office. Senior Planner Bachler stated the Planning Commission recommends approval of Planning Case 17-012 for a Master PUD and Final PUD at 4255, 4265, 4293, 4295 Lexington Avenue North, based on the findings of fact and the submitted plans in the May 22, 2017, Report to the City Council, as amended by the following nine (9)conditions: 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. 5. The applicant shall submit a cash escrow for landscaping improvements in the amount of $10,000 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. 6. The project may require permits, including, but not limited to, MPCA-NPDES, Rice Creek Watershed District, Minnesota Department of Health, Ramsey County and City Right of Way, and City Grading and Erosion Control permits. Copies of all issued permits shall be provided to the City prior to the issuance of any development permits. 7. Final grading, drainage, utility, and site plans shall be subject to approval by the Public Works Director, City Engineer, and City Planner prior to the issuance of a grading and erosion control permit or other development permits.