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05-24-21-R
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05-24-21-R
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5/21/2021 4:18:02 PM
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<br />215189v1A <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(reserved for recording information) <br /> <br />MASTER <br />PLANNED UNIT DEVELOPMENT AMENDMENT <br />AND PHASE 3 – FINAL PLANNED UNIT DEVELOPMENT <br />LEXINGTON STATION <br />(PC#21-004) <br /> <br /> <br /> <br /> THIS MASTER PLANNED UNIT DEVELOPMENT AMENDMENT AND PHASE <br />3 – FINAL PLANNED UNIT DEVELOPMENT (“Agreement”) is dated effective <br />______________, 2021, and is entered into by and among the CITY OF ARDEN HILLS, a <br />Minnesota statutory city (“City”); LEXINGTON STATION, LLC, a Minnesota limited <br />liability company (“Lexington Station”); KENSINGTON DEVELOPMENT PARTNERS, <br />INC.; an Illinois corporation (“KDP”); IMKD3 LLC, a Delaware limited liability company <br />(“IMKD3”); and ARDEN HILLS 1031 LLC, an Illinois limited liability company (“AH1031”) <br />(Lexington Station, KDP, IMKD3 and AH1031 collectively “Developer”). <br /> 1. RECITALS. <br /> A. In 2013, the City approved a Master Planned Unit Development Agreement for <br />the Lexington Station redevelopment project at the southwest corner of Lexington Avenue and <br />Red Fox Road. Phase 1 of the redevelopment was completed in 2013-2014 and included the
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