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At their August 12'*' meeting, the City Council moved to ap(ut>ve the PUD concept plan and <br />rezoning for this project, subject to several conditions that required us to continue to work with <br />the City to resolve the outstanding issues. The Council direct^ staff to prqmre a resolution for <br />adoption on August 26*^. We do not believe there is any reason to further delay City Council <br />approval of the PUD concept plan and rezoning. We mtend to continue working with the City of <br />Orono to resolve any outstanding issues between now and submittal of the preliminary plat and <br />PUD master plan and City Council approval of the PUD concq>t plan in a timely manner is <br />absolutely critical if we are to move forward with this project. <br />We have worked with the City for over four months in the hopes of obtaining PUD concept plan <br />approval and we respectfully request City approval of our PUD concqrt plan and rezoning <br />request at the August 26'*' meeting. However, we do hearby provide another extension to the 60- <br />day review period until Sq>tember 9,2002. <br />I would like to state in closing that we stand ready and committed to work with the City of Orono <br />to address their concerns regarding the affordability issue, but I ask that you give consideration to <br />the fact that we do not have all the information that is necessary to address the availability of <br />affordable fimding programs on housing units that have not been completely designed and may <br />not be constructed until late 2003 or early 2004. Upon City Council approval of the PUD <br />concq)t plan, we will be able to obtain financing and move forward with the design details and <br />respond to all of the City of Orono concerns. <br />Sincerely, <br />f Terry P. DahlstromIII M <br />Copy: Bruce Malkerson, Malkerson Gilliland Martin LLP <br />Steve Johnston, Landform <br />Mike Gaffion, City of Orono <br />End: Terry Dahlstrom Background <br />Jdm Hessler Background <br />Orono Project Maiuigement <br />Letter from Don Solie, US Bank <br />Letter from Maxfield Research <br />MaryC. Bujold Background <br />----------------^