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Planned Unit Development <br />Agreement <br />• The PUD Ordinance authorizes the <br />preparation and execution of a PUD <br />agreement. This binding contract is a <br />tool that the developer and the City can <br />use to address issues that go beyond the <br />standards contained in the underlying <br />zoning. It can authorize both greater <br />flexibility and greater control. <br />• 1950s <br />• 1980s <br />• 1988 <br />1988 <br />Abridged History of Site <br />Developmentbegins. Concentration of trucking <br />companies & related services. <br />Federal deregulationof trucking industty. <br />Trucking terminals reduced or left area. Affects <br />related businesses. <br />City designated Twin Lakes Redevelopment <br />Area &created a TIF districtto assist with its <br />long-range development. <br />City developed a Land Use Plan to redevelop <br />area to ofioe, retail, business, 8 light industrial <br />Met Council asked for more info about retail <br />traffic and impact on 35W. <br />Milestones <br />• 1990 City contacts developersto take lead <br />in redevelopment. Trammel Crow Co. <br />negotiatedwith City, but deal fell apart. <br />Ryan Companies negotiated a <br />development agreementwith City. City <br />provides up-front funds from TIF to <br />assist in costs. In turn, Ryan <br />redevelopssites & providesCitywith <br />shares of cash flow 8� proceeds from <br />sales in the future. <br />IV. Background1 <br />H I StOI"j/ <br />Milestones <br />• 1988 Independent traffic study — recommended <br />alternativeeast-west route (Twin Lakes <br />Parkway) to reduce future volumes on CR <br />� Proposed Parkway would align with new <br />35W ramps— moved 800ft north. <br />• 1988-1990s Community survey shows residents warit <br />no more retail. City withdraws Land Use <br />Plan. City replaces planned retail with <br />mixed-useoffice & light industrial, which is <br />allowed in existing Comp Plan and zoning. <br />• 1994 City adopts revised redevelopmentplan <br />1997 New plan adjusts alignmentof Twin Lakes <br />Parkway to existing 35W ramps. <br />Milestones <br />• October 1998 Twin Lakes Parkway corridorofficially <br />mapped and approved by ordinance. <br />• May 7, 2001 City prepares AUAR and mitigation plan for <br />Twin Lakes RedevelopmentArea to review <br />all environmental issues for all <br />redevelopment properties. & create outline <br />for how to address environmental impacts <br />• June 2001 AUAR approved by City <br />• June 26,2001 Twin Lakes Business Park Master Plan <br />Amendmentto the Comprehensive Plan <br />approved <br />� <br />