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1 1. Execution of the Planned Unit Development No. 4 Agreement which sets forth terms <br />and conditions for the development of PUD No. 4, providing for the installation of <br />certain public and private improvements, and which agreement documents the general <br />and detailed conditions for use and development of the Property. <br />NOW, THEREFORE, BE IT RESOLVED that based on the findings of Resolution <br />No. 4915, the City Council of the City of Orono does hereby approve the plat -f Stonebay, Hennepin <br />County, Minnesota subject to the following conditions: <br />1. Upon the final approval and e.xecution of this resolution and the Planned Unit <br />Development No. 4 Agreement, the City Council shall formally approve an ordinance <br />amending the official zoning map of the City to rezone the portions of the Property <br />north of Kelley Parkway to PUD/RPUD Residential Planned Unit Development and <br />to rezone the portions of the Property south of Kelley Parkway to PUD/RR-IB, and <br />amending the Orono Zoning Code by adding language establishing Planned Unit <br />Development No. 4 (PUD-4) to include all portions of the property. <br />2. Upon approval of this Resolution and completion by the Developer of the <br />requirements set forth on pages 2 and 3 of this resolution the City Council shall direct <br />the Mayor and Clerk to execute other documents required by this PUD rezoning, <br />including but not limited to the “Planned Unit Development No. 4 Agicement”, all <br />subject to approval by the City Attorney. <br />3. The City Clerk shall release the plat documents for filing only upon certification by <br />the City Attorney that: <br />a) all requirements of the platting regulations have been satisfied; and <br />b) the language and provisions of the PUD No. 4 Agreement have been found <br />satisfactory to the City Attorney and has been formally executed by the <br />Developer. <br />4. The aforesaid plat shall be filed by the City of Orono with the Hennepin County <br />Registrar of Titles Office on or before October 28, 2003 together with a certified <br />original copy of this resolution and executed copies of the agreements, easements, <br />and covenants pertinent thereto. <br />The approval granted by this Resolution shall expire if the conditions of this <br />Resolution have not been met or the plat has not been filed by the date specified above. In that <br />event, it will be necessary to file a new application with the City of Orono for subdivision review. <br />Page 3 of 4