CCP 11-12-2002 - Laserfiche WebLink

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PLANNED UNIT DEVELOPMENT PERMIT AND DEVELOPMENT AGREEMENT CITY OF ARDEN HILLS GUIDANT CORPORATION . 1,00 Parties. This Agreement is dated the day of , 20_, and is entered into by and between City of Arden Hills, a Minnesota municipal corporation (herein "City"); and Guidant Corporation, a Minnesota corporation, its successors and assigns (herein "Guidant"). 2,00 Recitals. A, Guidant is the record fee owner of certain real property ("Guidant Property") located within the City which is defined and illustrated on a Preliminary Plat attached and incorporated as Exhihit A (the "Preliminary Plat"). B. Guidant has requested that the City approve a planned unit development ("PUD") for the Guidant Property, The Master Plan PUD which is labeled "Guidant Campus Master Plan - Prepared by Guidant Corporation for City of Arden Hills, September, 2002" is attached and incorporated as Exhihit B (the "Master Plan PUD"), . C. Guidant has proposed to develop the Guidant Property in three (3) phases between 2003 and 2018, The phasing schedule is contained in the Master Plan PUD, D. Subsequent to Master Plan PUD and Preliminary Plat approval, Guidant will need to obtain Final Plan PUD approval, Final Plat approval and building permit approvals for improvements to be constructed within each phase, all in compliance with the procedures defined in the City's Development Regulations. E. On October 28, 2002, the City agreed to approve the Master Plan PUD and the Preliminary Plat for the Guidant Property subject to the terms and conditions of this Development Agreement. 3,00 Terms and Conditions, In consideration of the mutual undertakings herein expressed, the parties agree: A, Construction of Imrrovements, Building improvements shall be constructed in compliance with building plans and specifications which have been reviewed and approved by the City's building inspector. Traffic .