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<br /> � S��-�'c c�r.�s �� � �. � �
<br /> � CITY OF ORONO
<br /> HENNEPIN COUNTY, MINNESOTA
<br /> PLANNED iJNIT DEVELOPMENT NO. 4 AGREEMENT
<br /> "2550" WAYZATA BOULEVARD
<br /> DEVELOPER: DAHLSTROM DEVELOPMENT CORPORATION LLC
<br /> NAME OF DEVELOPMENT: STONEBAY
<br /> THIS AGREEMENT, made and entered into this day of , 2003,
<br /> by and between the City of Orono, a municipal corporation organized and existing under the
<br /> laws of the State of Minnesota (hereinafter called "City"), and Dahlstrom Development
<br /> Corporation LLC, a Minnesota Corporation, its heirs, successors and assigns (hereinafter called
<br /> "Developer").
<br /> WITNESSETH:
<br /> WHEREAS, the Developer has made application to the City Council for approval of a
<br /> Planned Unit Development (PUD) rezoning and formal plat application for property iocated �t
<br /> "2550" Wayzata Boulevard, such development to include the following elements:
<br /> 1. Rezoning of the portion of the Property north of Kelley Parkway from RR-1B Single
<br /> Family Rural Residential District to RPUD Residential Planned Unit Development
<br /> District for construction of 162 residential multi-family dwelling units on a portion of the
<br /> site comprising approximately 41 acres, such development to be known as
<br /> "STONEBAY".
<br /> 2. Creation of two commercial outlots south of Kelley Parkway to be rezoned and
<br /> developed at a later date.
<br /> 3. As part of the residential development, construction of Kelley Parkway as a public street,
<br /> as well as construction of municipal sewer, water, and storm sewer systems to serve th�
<br /> proposed development; and
<br /> `VHEREAS, on 7anuary 27, 2003 the City Council granted General Development Plan
<br /> Approval for the proposed development subject to conditions per Resolution No. 4915, on the
<br /> condition that the Developer enter into this ajreement to provide for conformance with the City's
<br /> Planned Unit Development (PUD) ordinances, and to provide for the itistallation of and establish
<br /> responsibilities for maintenance of improvements associated with the development.
<br /> NOW, THEREFORE, in consideration of the premises, and of the actual promises and
<br /> conditions hereinafter contained, it is hereby agreed as follows:
<br /> A. General Terms and Conditions
<br /> 1. Propertv Description. This Planned Unit Development No. 4 Agreement for Dahlstrom
<br /> Development Corporation LLC applies to the following described property located in
<br /> Hennepin County, Minnesota:
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