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DRAFT <br />Subd. 16. Planned Unit Development (PUD) Final Plan. <br /> <br />A. Purpose. The purpose of the PUD Final Plan is to implement and <br />ensure conformity with the PUD Master Plan. Each stage of the PUD <br />Master Plan shall require a PUD Final Plan before development. <br /> <br />B. Procedures. The applicant for a PUD Final Plan approval of a specific <br />stage of the PUD Master Plan shall complete and submit to the zoning <br />administrator an application on forms provided by the administrator, <br />including all application fees and escrows. Other applications such as <br />preliminary plat, final plat, and conditional use permit may also be <br />required. The applicant shall provide the following: <br /> <br />1. A written statement describing the proposed development in the <br />PUD Final Plan application. <br /> <br />2. The proposed starting and completion dates for the construction <br />and any required environmental remediation. <br /> <br />3. The applicant shall submit documentation demonstrating that the <br />PUD Final Plan is in conformance with the PUD Master Plan and each <br />of the components in Section 1325.135 Subdivisions 5 through 15. <br /> <br />C. Land Use Application Complete. The PUD Final Plan application <br />shall be considered complete once all required application and <br />documentation required in Subdivisions 5 through 15 are submitted and <br />deemed complete by the City. <br /> <br />D. Development Agreement and Bonding. <br /> <br />1. A development agreement and corporate surety are required at the <br />time of PUD Final Plan approval by the City Council to assure that all <br />improvements to be constructed as part of the approved PUD Final <br />Plan and any required environmental remediation are completed in <br />accordance with the terms and conditions of such plan, or each stage <br />thereof as outlined in the construction staging component. The bond <br />shall guarantee in a penal sum equal to one hundred twenty-five (125) <br />percent of the cost of such improvements as estimated by the City. <br />The development agreement and bond shall be filed with the <br />administrator no later than sixty (60) days after PUD Final Plan <br />approval. <br /> <br />2. The development agreement may provide for several bonds <br />covering separate aspects of the PUD, the aggregate of which shall <br />total one hundred twenty-five (125) percent of all the improvements to <br />be constructed and completed by the applicant pursuant to the <br />DRAFT: 6/3/2010 <br />Page 49 of 50