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The property assemblage having been resolved, Chesapeake has been working with Northstar Partners to market the property to potential tenants. Marketing activities include executive marketing letters, monthly broadcast e-mails, marketing material preparations, and even sponsoring a hole at a MNCAR golf tournament. However, even with all the marketing activities, thc office market has been slow to improve. Petcr Carlson of Chesapeake states in his letter that the extension of their Master Plan PUD would allow them to be more successful in promoting the sites to major tcnants who tend to be very risk averse. One of the items submilted with this extension was a bound }rd quarter market update prepared for Chesapeake by their group that is marketing the property. I havc includcd as attaclunents two sheets, one which summarizes the marketing activities, the other is a listing of current prospects (the prospects have a range of different needs, thosc listed include users with a one story 50,000 square foot facility up to a potential two-phase project with a six story and 100,000-200,000 square feet office component for their first phase). It is important to recognize that the Chesapeake Mastcr Plan PUD showed a fcw differcnt plan renditions, one which could include up to two eight story office huildings. This sort of development is prominent at major interstate jWlctions in the metro area and is a much higher quality project than the undcrlying Gateway Business Zoning would othelwise produce. The Gateway Business Zoning District is geared toward modem office/warehousing users and was used to redevelop the area west of Round Lake with these sots of uses. However, while providing good opportunities for modern office/warchousc or officc/showroom uscrs the Gateway Business Zoning District did not adequately plan for the real potential of the Northeast Quadrant property. Granting an extension to the Chesapeake Master Plan PUD not only gives Chesapeake certainty, it gives the City of Arden HiJls certainty that a high caliber developmcnt would be built on the property within the parameters established through the PUD. Staff Recommendation Staff recommends approval ofthe requested one-year extension (to allow Chesapeake Companies to submit a Final Plan PUD no later than September 24, 2006) subject to the applicant continuing to abide by the following 14 existing conditions of approval: 1. Revisions to thc Proposed PUD Design Standards. The proposed document "Gatcway Business Center--Arden Hills, MN, Proposed Planned Unit Developmcnt Design Standards", revision dated March 7, 2001, be amended accordingly (additions arc shown in CAPS, language removed is stricken): a) Page I, Purpose and Intent, third linc of the tirst paragraph should read, "... consist of A PREDOMINATELY office DEVELOPMENT and supporting ancillary uses... "; b) Page 1, Permitted Uses, strike #1 relating to antennas and add it under Pernlitted Accessory Uses; c) Pagc 1, Permilted Accessory Uses, #1 should read, "Any incidental assembly, repair, processing, CLASS I manufacturing..." \\Mctro-inet,lIs\ArdenHills\Planning\Planning Cases\2001\OI-05 Ches3pcakc\09-12-05 CC Memo OJ-OS,doc Page 2 of4 . . .