MPG 5-1-01 Draft - Laserfiche WebLink

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, w 4 WHEREAS, on March 12, 2001 the City Council granted Concept Plan Ap: ,• a r development of a 62-unit building for senior housing use (the "Senior Housing Building" 25,000 s.f.general office building(the"Office Building")per Resolution No.4619,on the conditi that the Developer enter into this agreement to provide for conformance with the City's Planned Unit Development(PUD)ordinances,to provide for the installation and maintenance of improvements, and to establish and document the conditions of approval for the Tax Increment Financing (TIF) associated with the development. 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. Page 2 of 16