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^2640/2641 Dunbar Development Corp. <br />October 19.2001 <br />P0Bc2 <br />DOCIIMF.NTS <br />Following is an updatc/review of each of the final documents Council is requested to approve on <br />October 22: <br />Resolution: Hreiiminan- l*l«t Approval (Exhibit B). This diKument lias been considerably <br />revised since the October 8 version to streamline it, to incorporate by reference the findings and <br />conditions of the General Concept Plan Approval Resolution, and to detail the specific submittals <br />required for Final Plat approval. Council will be asked to adopt this resolution prior to the Final Plat <br />app.nval resolution. <br />Resolution; Approval of (General Development Plan A Final Plat (Exhibit O. This Resolution <br />documents tlic process and agreements that have resulted General Deveh'pment Pl;ui approN al and <br />Final Plat approval, and grants those approvals subject to the referenced agreements. Tliis document <br />has changed only slightly since the prior version (mostly filling in blanks). <br />PCD 2.\ Agreement (Office) (Exhibit D). Tliis document has been sligmly re\ i.sed since October <br />8 to relleet that final plans have yet to be .submitted, l-xeciition of this agreement commits the <br />developer to the ofl ’ice building as preliminarily proposed unle.ss the PlID Agreement is amended. <br />pen 2H Agreement (Senior Housing) (Exhibit E), This Agreement diKumcnts the conditions of <br />approval for development of the Senior Mousing site (Phase I). It establishes approval conditions <br />for the specific site plans, building plans, landscaping, grading, access, lighting & signage, etc. It <br />also documents the use of I IF funding and the City's intent and conditions regarding the duration <br />of the Senior I lousing use. The agreement establishes City or Developer responsibility for various <br />aspects of the development, and requires a Letter of Credit prior to issuance of building pemiits. It <br />has changed only slightly to reflect the change in the agreement regarding deferred fees. <br />Ordinance; Rc/onine. PCD Documcnlation (.Add 10.53 Subd. 9) (Exhibit F). This document <br />has not changed since October 8. <br />Development Aurcement Relating To Oronn Woods Apartments {Exhibit 6T. This is the <br />primary agreement between the City, the HR.\ and Orono Senior 1 lousing l.LC that establishes and <br />diKuments the v.irious financing arrangements including TIF financing. Housing Bonds, etc. It has <br />been revised since October 8 to incorporate the provisions for preference for Orono residents. City <br />staff, and Long Lake residents (see Section 4.4 of the Ground Lease. Exhibit B of this agreement) <br />and to reflect the deferred fees changes..