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f e <br />CITY OF ORONO <br />HENNEPIN COUNTY, MINNESOIA <br />PLANNED UNIT DEVELOPMENT NO. 4 AGREEMENT <br />“2550" WAYZATA BOUI.EVARI) <br />DEVELOPER; DAHLSTROM DEVELOPMENT CORPOlLA'l’ION LLC <br />NAME OF DEVP^LOPMENT: STONEBAY <br />THIS AGREEMENT, made and entered into this day of , 2003, <br />oy and between the City of Orono, a municipal corporation organized and exi.sting under the <br />laws of the Slate of Minnesota (hereinafter called "City ”), and Dahlstroni Development <br />Corporation LLC, a Mitmesota Corporation, its heirs, successors and assigns (hereinafter called <br />“Developer”). <br />WITNESSETH: <br />WHEREAS, the Developer has made application to the City Council for approval of a <br />Planned Unit Development (PUD) rezoning and fonnal plat application for property located at <br />“2550" Wayzata Boulevard, such development to include the followLig elements; <br />1. <br />2. <br />3. <br />Rezoning of the portion of the Property north of Kelley Parkway from RR-IB Single <br />Family Rural Residential District to RPUD Residential Planned Unit Development <br />District for construction of 162 residential multi-family dwelling units on a portion of the <br />site comprising approximately 41 acres, such development to be known as <br />“STONEBAY”. <br />Creation of two commercial outlots south of Kelley Parkway to be rezoned and <br />developed at a later date. <br />As part of the residential development, construction of Kelley Parkway as a public street, <br />as well as construction of municipal sewer, water, and stonn sewer systems to serve the <br />proposed development; and <br />WHEREAS, on January 27, 2003 the City Council granted General Development Plan <br />Approval for the proposed development subject to conditions per Resolution No. 4915, on the <br />condition that the Developer enter into this agreement to provide for conformance with the City ’s <br />Planned Unit Development (PUD) ordinances, and to provide for the installation of and establish <br />responsibilities for maintenance of improvements associated with the development. <br />NOW, THEREFt)RE, in consideration of the premi.scs, and of the actual promises and <br />conditions hereinafter contained, it is hereby agreed as follows: <br />A. General Toriii.s and Condition.s <br />Prope l ty Description. This I’lanned Unit Development No. 4 Agreement for Dahlstroni <br />Development Corporation LLC applies to the following describetl propeity located in <br />Hennepin County, Minne.sota: <br />•m -• ^ M . . <br />* A <br />■tm • <br />■ ;iRc7clopcSni;ialll’? | "