7C, Planning Case 10-008 - Arden Plaza Master & Final PUD

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constructed with Phase I. While the Final PUD for Phase I has been approved, future approvals for Phase II and III will require review before both the Planning Commission and City Council. Since the approval of the Master and Final PUD for Phase I the developer has been in negotiations with Walgreens Pharmacy. The terms of their agreement will include Walgreens purchasing the parcel that the Walgreens store will be built on. This is made slightly more complicated by the existence of Building 3 with would be attached to the Walgreens store, but located on a separate parcel of land with a zero lot line running along the wall that divides the stores. At this time the applicants are requesting an amendment to the approved Master and Final PUD for Phase I that would allow an alternate development option that excludes Building 3. The applicants would like to maintain the option to construct Building 3 at a later date, reserving the space in the interim as a landscaped green space (Attachment C). The applicants feel that the ability to move forward with the construction of Phase I without the inclusion of Building 3 will greatly assist in their negotiations with Walgreens and allow the development to take place. In essence the applicants are requesting the inclusion of an alternate build out scenario; the original approval of the Final PUD for Phase I which includes Building 3 would remains in place, and a second option that excludes would also be possible. Everything else about the development application would remain unchanged from the original approval. Given the delays of the proj ect due to unforeseen market conditions and extended negotiations with Walgreens, the applicants are also requesting a one year extension for � ling the Final Plat with the County and for submitting for building permits for each of the three phases. The Applicants have submitted a letter describing their request, as well as a site plan of how the green space would be programmed (Attachment C). Findin�s of Fact The Planning Con�mission offers the following findings of fact: 1. On July 13, 2009, the City approved a Master PUD, Final PUD for Phase I, and Preliminary and Final Plat for the Arden Plaza property. 2. The applicant is requesting approval of an amendment to the Master PUD and Final PUD for Phase I to allow the addition of an alternate development option that excludes Building 3. 3. The proposed amendment would increase the amount of landscaped area on the site by 4,700 square feet. 4. The proposed amendment would decrease the amount of signage of the site by 93 square feet. 5. The proposed application is not anticipated to create a negative impact on the immediate area or the community as a whole. City of A�den Hills City Council Meeting for June 14, 2010 P: IAdminl CouncillAgendas � Packet Information1201016-14-10 Regula�IPacket InformationlPlanning Case 10-008 - Arden Plaza - Memo.doc Page 2 of 4