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2009-01-13 Amendment to PUD/CUP CITY OF ALBERTVILLE AMENDMENT TO PLANNED UNIT DEVELOPMENTI CONDITIONAL USE AGREEMENT ALBERTVILLE MARKETPLACE WHEREAS, the City of Albertville ("City"), a municipal corporation organized under the laws of the State of Minnesota, and Albertville Marketplace, LLC "Developer," a Minnesota Limited Liability Company, entered into an Agreement titled "Planned Unit Development/Conditional Use Agreement Albertville Marketplace" ("Developer's Agreement") dated August 7, 2007 and recorded as document number AI065358 at the Wright County Recorder's Office, Wright County, Minnesota; and WHEREAS, Developer seeks to modify the landscaping requirements and surety requirements of the original agreement; NOW, THEREFORE, IT IS HEREBY AND HEREIN MUTUALLY AGREED, in consideration of each party's promises and considerations herein set forth, as follows: 1. Letter of Credit. Paragraph 4A of the Developer's Agreement is modified to read as follows: "Developer will provide the City with an irrevocable letter of credit (or other surety as approved by the City Attorney) as security that the obligations of the Developer under this contract shall be performed. Said letter of credit or surety shall be in the amount of $629,450.00, representing the sum of 100% of the estimated cost of the Municipal Improvements ($298,450.00), 100% of the cost of selected Private Improvements, ($273,000.00, including private street, retaining walls, grading, and all utility work), and 150% of the estimated cost for landscaping/screening materials marked as "perimeter" and "restaurant" and "street corridor" on Exhibit D ($58,000.00). Said letter of credit or surety must meet the approval of the City attorney as to form and issuing bank.." 2. Landscaping. Paragraph 1] of the Developer's Agreement is modified to read as follows: "Trees, shrubs, berms and screening are to be planted and installed as shown on the landscape plan attached as Exhibit D. Developer shall install landscaping marked "perimeter" and "restaurant" and "street corridor" on Exhibit D by October 31, 2008, The Developer shall guarantee that all new trees shall survive for two full years from the time the planting has been completed or will be replaced at the expense of the Developer. The remaining Landscaping on Exhibit D shall be installed by Lot Owners on a lot-by-lot basis as buildings are constructed on each lot. Each lot owner will be required to post a cash escrow with the City prior to the issuance of a building permit for such lot. The escrow shall cover the estimated cost to purchase and install landscaping for that lot and the escrow shall remain with the City for the full two year guarantee period." 3. Site Plan. Paragraph 1 H of the Developer's Agreement is modified to read as follows: Developer shall develop Said Plat consistent with the site plan attached as Exhibit C. No building and site construction which otherwise complies with the Site Plan attached as Exhibit C shall be required to receive separate site and building plan approvals from the Planning Commission and City Council. In addition, no separate building plan approval is needed from the City Council for any building plan where the building size has been reduced by not more than 10% of the square footage shown on Exhibit C and otherwise complies with the Site Plan shown on Exhibit C. However, this requirement shall not relieve the applicant from obtaining all necessary building plan approvals required by the City's building code. Any changes to the building configuration, increases in building size, decrease in building size. greater than 10%, change in parking configuration, curb locations, drive lanes or traffic flow shall require the requisite building and/or site approval from the City Council, and may, depending upon the scope of the change, be required to be referred back to the City's planning commission for additional public hearing proceedings. Developer may delay installing the fence shown on the Site Plan until 60 days after the later of such time as 1) the City Council specifically requires such fence to be installed, or 2) the Developer determines that such fence should be installed. 4. Exhibit Modification. Exhibit D of the Developer's Agreement shall be replaced by the Exhibit D attached to this Addendum. 5. Developer's Agreement. Except as specifically altered by this Addendum, the terms of the Developer's Agreement shall remain in full force and effect for the properties in Albertville Marketplace. Dated January \ ~ ' 2009 CITY OF ALBERTVILLE, (\ :1(;." \,." . // I By I.~CJvL~J-e~~---- Its Mayor By 6. i,1 atii i . ~\.':.~, '" ALBERTVILLE MARKETPLACE, LLC /? J /7 f'J1 (/;{,.{/ j/// (J1 A.-.., Its: {./ (..-1 ) Y\ r ~ By: Albertville Marketplace, LLC STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this IJ+S day of '- ~ClnuaxL{ , 2009, by ~\'\ V\\et}/)eN"" as Mayor of the City of Albertville, a Minnesota municipal corporation, on behalf of the city and pursuant to the authority of the City Council. )-Ult _ ....r"""'AF.y,A"\!I\..........~ "7"':i!"'{r:;J\/'fJ'V,/'1!VW'r[;' Wli' ,,~........ TCf1i t,:,iN LEONHARDT I NO\I.W PUBLlC.MINNESOTA . M'v CGrnrn. E}cp. Jan, 31,2009 t.Jt~~;'N,,:?l~J~?~tt'e\};'?,\'t.:l"'~';;;{;" 'i;,<:-f!~f';~fr::.r'1J{icfJ{-H:flj!J STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) . The foregoing instrument was acknowledged before me this \ ~~ day of I. ~u.cury. , 2009, by bidgtt 1'\1\1leY, as Clerk of the City of Albertville, a Minnesota municipal corporation, on oehalf of the city and pursuant to the authority of the City Council. 31,2DOS day of ),I',6V'#N~ I reF:i Arm LEONHARDT I' NorMW PUBLIC-MINNESOTA I My CO!TIm. Exp. Jan. 31 12009 . f'41ff"~~1t;{~J1f;4\rf*r.1'j:~"f';/y,,'f:;1~1f:']':+'/'/:"1\S'l::~)rJ:;'f!~~f'~t~:f1 DRAFTED BY: Couri, MacArthur & Ruppe, P .L.L.P. P.O. Box 369 705 Central Avenue East St. Michael, MN 55376 (763) 497-1930