8A, Planning Case 10-008 - Arden Plaza Development Agreement Amend. #1

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applicant also requested an extension to the plat filing and building permit deadlines laid out in their development agreement with the City, which is critical to moving the entire redevelopment proposal forward. At the time of their review, the City Council voted to table the application citing concerns over the removal of Building 3 and the ramifications this may have on the overall design and site plan of the development. While the applicant continues to work towards a solution that will accommodate the requirernents of the City and the needs of their future tenants, they have withdrawn their request for the alternative development option to remove Building 3, and are focusing their request on the timeline extensions only. Since the approval of the Master PUD in July 2009, the developer has been in negotiations with Walgreen's. Given the delays of the proj ect due to market conditions and extended negotiations with Walgreen's, the applicants are requesting a one year extension for filing the Final Plat with the County and for submitting for building permits for each of the three phases. According to the existing development agreement the deadline to pull building permits for Phase I of the Arden Plaza redevelopment is July 13, 2010. If the deadline is not extended, the development agreement will expire, essentially ending the proj ect. The one year extension will give the developer time to continue their negotiations with Walgreen's or another user for the site. The Applicants have submitted a letter describing their request (Attachment A). Findings of Fact The Planning Commission offers the following findings of fact. The application has since been modified to eliminate the request for the amendment to the Master PUD and Final PUD for Phase I allowing for the alternative development option. 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 ofA�den Hills City Council Meeting for July 12, 2010 IlMetro-inetiardenhillslAdminlCounciliAgendas & Packet Information1201017-12-10 RegularlPacket Information107-12-10 - Arden Plaza PUD Amendment - Memo.doc Page 2 of 3