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Page 2 Craig Waldron April 22, 1986 2.. The developers and the city both desire that landscaping be installed between the pavement and the previously described parking lots. With this in mind, the agreement should include a requirement that the landscaping plan be approved by the staff, the developer install the landscaping as per the approved plan, and that he be responsible for maintaining it as long as the buildings and the parking lots exist. The city in turn would agree to these landscape materials being installed and maintained in the proposed Lexington road easements, and that they would not be damaged unless absolutely necessary for public improvements. 3. The existing utilization of the shopping center requires that parking against the building occur both on the north side and the south side of Dionne. Once again, the removal of these parking spaces would make the continued use of that portion of the shopping center somewhat tenuous. The agreement should, therefore, allow the developer to have the head -in parking continue along the roadway until such time as the structures no long exist. 4. The owner as part of his remodeling of the parking area on the east side of the road has indicated his concurrence to Dionne being reconstructed including concrete curb and gutter for that portion adjacent to the shopping center. The condition to petition for this public project should be included in the agreement as well as a pledge to pay 100% of the costs involved in this undertaking. Any miscellaneous drainage that might be needed to make this feasible would likewise be included. The city in turn could agree to special assess these costs over a 15 year period with the option being to pay the principle off at any time. The interest rages involved would be 1% above the cost of the bonds sold to produce the revenue to pay for the improvement. 5. The east development does not at this time have a sidewalk which goes along Larpenteur Avenue adjacent to its parking area. This is a badly needed public facility with a particular need for the senior citizen building east of the shopping center. The conditions should be included whereby the owner would petition that the sidewalk would be installed as a public improvement. Said cost again being 100$ paid by the shopping center. Thy► owner must provide a pedestrian easement for said sidewalk if it were found to be necessary; as long as it did not cause the removal of any parking spaces. The city would agree to undertake the construction of the project and to assess it over a fifteen year period. Once again, the developer would have the option of paying off the principle any time they would choose, and the interest rate would be 1% over what the city paid for the sale of the bonds involved in the project. Other items associated with the development may well be appropriate for inclusion in the agreement. Since these do not affect the public portions of the development, I will leave those to your discretion. One particular item that comes to mind is the establishment of a fence, landscaping, or both along the east side of the Lexington Plaza Shoppes boundary. Undoubtedly, other items will be appropriate. If you have any questions, please contact me.