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CITYofOROXO <br />RESOLUTION OF THE CITY COUNCIL <br />NO 4 61^ <br />15. The applicant has requested financial assistance from the City of Orono to allow <br />for affordable rents. Such methods include the creation of a TIF district or <br />similar provisions or reimbursements. <br />The developer has proposed to plat the senior housing project as condominiums. <br />Each unit would have a separate legal description and ta.\ statement. Under this <br />type of plat the units would be ouned by a non-profit agency and rented to the <br />occupants under the agreements established for the building. The applicant has <br />provided a preliminary plat drawing to allow subdivision of the property into two <br />lots for development purposes. <br />The City Council finds that the proposed rezoning, proposed comprehensive plan <br />amendment, proposed subdivision and proposed development of an office <br />building and senior housing building are appropriate for the property, will not <br />have negative impacts on the surrounding properties when all approval conditions <br />arc met. and arc in keeping with the goals, policies and philosophies of the City. <br />CONCLl SIGNS, ORDER AND CONDITIONS <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City <br />of Orono hereby approves the General Concept Plan for development of a 62 unit building for <br />senior housing use and a 23.000 s.f general office building, subject to the following <br />declarations and conditions; <br />1.The City of Orono will approve an amendment to the Orono Comprehensive <br />Plan to allow for the proposed uses upon City Council finding of satisfactory <br />completion of the Conditions for Development Plan and Final Plat Approval. <br />The City of Orono will approve rezoning of the property as described herein <br />upon City Council finding of satisfactory completion of the Conditions for <br />Development Plan and Final Plat Approval. <br />3. This resolution is not intended to grant Preliminary Plat Approval. <br />Page 6 of 13 <br />hrt#A .