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B <br />A RESOLUTION APPROVING THE <br />PRELIMINARY PLAT FOR PROPERTY <br />LOCATED AT 2060 WAYZATA BOtLEVARO <br />FILE NO. 2640/2641 <br />WHEREAS, Orono Ambar. LLC (hereinafter the "applicant*) has an interest <br />in property located at 2060 Wayzaia Boulevard within the City of Orono (hereinafter the <br />"City") and legally described as follows: <br />Outlot F. Sugarwoods <br />Hennepin County. Minnesota (hereinafter the "property*); and <br />WHEREAS, the Orono Planned Unit Development (PUD) ordinance requires <br />a multi-step approval process for properties developing as a Planned Unit Development. <br />Resolution No. 4619 for General Concept Plan Approval was adopted on March 12. 2001. <br />Preliminary Plat approval is required prior to the granting of Final Plat approval and <br />General Developtnent Plan .Approval; and <br />WHEREAS, pursuant to the General Concept Plan approval, the applicant has <br />requested Preliminary Plat approval for a two lot plat of the 6.7 acre property to create a <br />2.7 acre parcel to be rezoned from B-1, Retail Sales Business District to B-6/PUD. <br />proposed for use as a site for a 23.000 s.f. office, and a 4.0 acre parcel to be rezoned <br />from B-1. Retail Sales Business District to RPUD/PUD for residential use. specifically for <br />a 3-story 62 unit senior housing building; and <br />WTfEREAS, the property is located in the Highway 12 Corridor Study Area <br />which has established special requirements for rezoning; and <br />WHEREAS, the City of Orono has agreed to purchase the 4.0 acre parcel <br />that will contain the .senior housing building and lease the property to a non-profit <br />organization that will own and operate the building; and <br />Page 1 of 8