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mom, /57-64Afer DRAFT AGREEMENT FORMAT FOR DISCUSSION PURPOSES CITY OF ORONO HENNEPIN COUNTY, MINESOTA PLANNED UNIT DEVELOPMENT NO. 2 AGREEMENT FOR (Name of Development) (Name of Developer) THIS AGREEMENT,Made and entered into this day of , 2001, by and between the City of Orono, a municipal corporation organized and existing under the laws of the State of Minnesota(hereinafter called "City"), and , its heirs, successors and assigns (hereinafter called "Developer"). WITNESSETH: WHEREAS, the Developer has made application to the City Council for approval of a Planned Unit Development rezoning application(PUD)including a comprehensive plan amendment, subdivision to create two buildable lots, and commercial site plan review; and WHEREAS, on March 12, 2001 the City Council granted Concept Plan Approval for development of a 62-unit building for senior housing use and a 23,000 s.f. general office building per Resolution No. 4619, on the condition that the Developer enter into this agreement to provide for conformance with the City's Planned Unit Development(PUD)ordinances,and to document the conditions of approval as well as establish conditions for the Tax Increment Financing (TIF) associated with the development. NOW, THERFORE, in consideration of the premises, and of the actual promises and conditions hereinafter contained, it is hereby agreed as follows: 1. Property Description: Outlot F, Sugar Woods (being re-platted as Lots 1 and 2, Block 1, ,Hennepin County,Minnesota)according to the plat thereof on file in the office of the Registrar of Titles(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).