Rough Draft Agreement - PUD #2 - 4-30-2001

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NOW, THEREFORE, in consideration of the premises, and of the actual promises and conditions hereinafter contained, it is hereby agreed as follows: A. General Terms and Conditions 1. Property Description. Outlot F, Sugar Woods (being re-platted as Lots 1 and 2, Block 1, Orono Woods Addition,Hennepin County,Minnesota)according to the plat thereof on file in the office of the Registrar of Titles of Hennepin County, Minnesota(sometimes herein referred to as the "Property"). 2. Zoning. The property is(will be)rezoned as a Planned Unit Development under the Orono planned unit development ordinance with underlying B-6 zoning for Lot 1 (Office Building) and underlying RPUD zoning for Lot 2 (Senior Housing Building). 3. Permitted Uses. Within Lot 1 the only permitted principal structure is the 25,000 gross s.f., 2 story office building with underground parking in the basement level and additional surface parking as depicted in the site plan (attached hereto as Exhibit A) and construction plan (attached hereto as Exhibit B). The permitted use of the office building is general office uses which may include business and professional offices of a general nature, and may include a clinic for human care on an outpatient basis only. The office building shall not be used for general retail use,except that retail uses customarily accessory to the general office use may occur in no more than twenty percent(20%) of the office building gross floor area. Other uses shall not be allowed except by amendment of this PUD agreement. Within Lot 2 the only permitted principal structure is the 3-story 62-unit Senior Housing Building with underground parking in the basement level and additional surface parking as depicted in the site plan (Exhibit A) and construction plan (Exhibit C). This building is to be used solely for Senior Housing under the terms of this agreement. Within Lots 1 and 2 the only accessory structures allowed shall include: a)Trash enclosures attached to the principal structures, constructed of materials comparable to and compatible with those of the principal structure; and b) Monument identification signs subject to approval by the City Council. Within Lot 2, an accessory recreational structure such as a gazebo shall be allowed subject to City Council approval of the design,size and location but without the need to amend this PUD agreement. No other accessory structures are permitted except by amendment of this agreement. Users shall be obligated to conform to all applicable Orono ordinances and to the provisions of this PUD agreement. The foregoing uses are permitted pursuant to this PUD agreement. 4. Site Access. Internal circulation for Lots 1 and 2 shall be via a new private road to be developed within Lots 1 and 2. The private road shall serve the uses for both Lots 1 and 2. The easterly access point for the private road shall be at Brown Road North per the site plan attached as Exhibit A.The easterly access point shall allow full entrance and exit movements to North Brown Road. Page 2 of 14