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Original Draft 5/3/01 <br /> Revised Draft 7/31/01 <br /> Revised Draft 9/27/01 <br /> Final 11/28/01 <br /> CITY OF ORONO <br /> HENNEPIN COUNTY, MINESOTA <br /> PLANNED UNIT DEVELOPMENT NO. 2A AGREEMENT FOR <br /> ORONO AMBAR OFFICE BUILDING <br /> (Name of Development) <br /> ORONO AMBAR, LLC., A MINNESOTA CORPORATION <br /> (Name of Developer) <br /> THIS AGREEMENT, made and entered into this 3 day of /h^U , 2001, by <br /> and between the City of Orono, a municipal corporation organized and existing under the laws of <br /> the State of Minnesota(hereinafter called"City"),and Orono Ambar,LLC,a Minnesota Corporation, <br /> its heirs, successors and assigns (hereinafter called "Developer"). <br /> WITNESSETH: <br /> WHEREAS, the Developer has made application to the City Council for approval of a <br /> Planned Unit Development rezoning application(PUD)including a comprehensive plan amendment, <br /> subdivision to create two buildable lots, and commercial site plan review, for the purpose of <br /> developing a 62-unit Senior Housing residential building and a 25,000 s.f. Professional Office <br /> building; and <br /> WHEREAS, on March 12, 2001 the City Council granted Concept Plan Approval for <br /> development of a 62-unit building for senior housing use (the "Senior Housing Building") and a <br /> 25,000 s.f.general office building(the"Office Building")per Resolution No.4619,on the condition <br /> that the Developer enter into this agreement to provide for conformance with the City's Planned Unit <br /> Development(PUD) ordinances,to provide for the installation and maintenance of improvements, <br /> and to establish and document the conditions of approval for the Tax Increment Financing (TIF) <br /> associated with the Senior Housing element of the development. <br /> Developer Initial <br /> City Clerk Initial,,K:e.Al <br /> Page 1 of 13 <br />