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HomeMy WebLinkAbout07/23/15 EDA Meeting   Meeting Location: Municipal Center 7100 147th Street West City of Apple Valley, Minnesota 55124   NOTICE: The Apple Valley Economic Development Authority will hold a meeting at the Municipal Center, on Thursday, July 23, 2015, at 6:00 p.m. to consider the items listed in the following agenda: JULY 23, 2015 ECONOMIC DEVELOPMENT AUTHORITY MEETING TENTATIVE AGENDA 6:00 p.m. 1. Call to Order. 2. Approval of Agenda. 3. Approval of Minutes of May 28, 2015. 4. Approval of Consent Agenda Items*: None 5. Regular Agenda Items: None 6. EDA Items and Communications. (For items EDA wishes to discuss). 7. Staff Updates: A. Mixed Business Campus Discussion. B. Village Pointe Plaza. C. Other Development Updates. 8. Adjourn. * Items marked with an asterisk (*) are considered routine and will be enacted with a single motion, without discussion, unless a commissioner or citizen requests the item separately considered in its normal sequence on the agenda  ECONOMIC DEVELOPMENT AUTHORITY City of Apple Valley Dakota County, Minnesota May 28, 2015 Minutes of the meeting of the Economic Development Authority of Apple Valley, Dakota County, Minnesota, held May 28, 2015, at 6:00 p.m., at Apple Valley Municipal Center. PRESENT: Commissioners Bergman, Grendahl, Goodwin and Hooppaw ABSENT: Commissioners Hamann-Roland, Maguire and Melander City staff members present were: Executive Director Tom Lawell, City Attorney Michael Dougherty, Community Development Director Bruce Nordquist, Finance Director Ron Hedberg, Planner Margaret Dykes and Department Assistant Joan Murphy. Meeting was called to order at 6:00 p.m. by President Goodwin. APPROVAL OF AGENDA MOTION: of Grendahl, seconded by Hooppaw, approving the agenda. Ayes - 4 - Nays - 0. APPROVAL OF MINUTES MOTION: of Bergman, seconded by Grendahl, approving the minutes of the meeting of April 9, 2015, as written. Ayes - 4 - Nays - 0. CONSENT AGENDA None CENTRAL VILLAGE WEST PARKING LOT Planner Margaret Dykes reported that earlier this year, the City submitted an application for a Redevelopment Incentive Grant (RIG) for $99,585 from the Dakota County Community Development Agency (CDA). The funds are slated to be used to partially support a shared, public neighborhood parking lot in the Central Village area on a 1.64-acre lot north of the Grandstay Hotel. The Central Village Plan, which was adopted by the City in 2002, always envisioned a public parking solution as the area intensified as a destination. Surrounding businesses, including the Grandstay Hotel, Culver's, and Apple Valley Ford, are all becoming more intensified in their uses, and the shared parking lot would help them solve peak parking demand that each experiences. Staff had discussed a shared license agreement arrangement with the businesses so that they could use up to half of the spaces at various times as the need arises, and the businesses would pay towards the costs of seasonal maintenance (mowing, snow plowing, etc.). The shared parking lot would also help support Kelley Park especially when there are large special events. The CDA has provided $68,396 in RIG funds, and has stated it will reallocate to this project another $15,000 from a CDA grant provided to the City that has not yet been used. The total to be Economic Development Authority City of Apple Valley Dakota County, Minnesota May 28, 2015 Page 2 provided by the CDA is $83,396. The CDA chose not to fully fund the City's request because of the number of applications received from other communities. Discussion followed. MOTION: of Grendahl, seconded by Hooppaw, adopting Resolution No. EDA-08 approving allocation of $273,048 from funds available to the Apple Valley Economic Development Authority for the construction of a 130-space parking lot on Lot 1, Block 2, Village at Founders Circle ("Project 2015-105"). Ayes - 4 - Nays - 0. 6. OTHER NONE 7. STAFF UPDATES Community Development Director Bruce Nordquist reported that: • There is a purchase agreement for the triangle area. • There is a manufacturer interested in the 20 acres NW of Johnny Cake Ridge Road and 147th Street W. • There is a developer interested in a senior rental building at SW quadrant of 140th Street and Cedar Avenue. ADJOURNMENT MOTION: of Grendahl, seconded by Hooppaw, to adjourn. Ayes - 4 - Nays - 0. The meeting was adjourned at 6:07 p.m. Respectfully Submitted, n Murphy, Department Assis Approved by the Apple Valley Economic Development Authority on city of Apple, ITEM: EDA MEETING DATE: SECTION: 7.A July 23, 2015 Staff Updates ITEM DESCRIPTION: Review and discussion related to the Mixed Business Comprehensive Plan Campus designation in the 2030 STAFF CONTACT: Bruce Nordquist, Community Development Director DEPARTMENT /DIVISION: Community Development Department Action Requested None Summary With the attached materials, a review and discussion is planned over the next few Planning Commission meetings concerning the Mixed Business Campus designation in the 2030 Comprehensive Plan. The 2030 Comprehensive was adopted by the City Council on January 14, 2010. A prior action taken by the City Council in May, 2009, directed staff "to review and update the City Council every five years on development and continued viability of the Mixed Business Campus." It is appropriate to keep the EDA informed of this process as well. It has been five years since the adoption of the 2030 Comprehensive Plan. The Planning Commission has conducted its first meeting on July 15. See attached materials. Future Planning Commission meetings will discuss marketing, development, official actions and viability of the Mixed Business Campus to provide an update to the City Council and Economic Development Authority. Budget Impact r CITY OF APPLE VALLEY RESOLUTION NO, 2010-11 ADOPTION OFTIIE 2030 APPLE VALLEY COMPREHENSIVE PLAN UPDATE WHEREAS, pursuant to the Metropolitan Land Planning Act of 1976 the City of Apple Valley is required to prepare a Comprehensive Plan setting tbrth land use and development policies throughout the City: and WHEREAS, on „July 13. 1981, the City of Apple Valley, adopted a plan titled the City of Apple Valley Comprehensive Guide Plan; and WHEREAS, pursuant to 1995 amendments to said Act, the City adopted an updated plan on October 14, 1999; and WHEREAS, pursuant to 2006 amendments to said Act, local government units are required td review and, if necessary, amend their entire comprehensive plans: and WHEREAS, a public hearing on the proposed 2030 Comprehensive Plan update was held before the Apple Valley Planning Commission on May 642009, and May 20, 2009; and WI. IEREAS, the 2030 Comprehensive Plan update was recommended for submission to the Metropolitan Council by the Apple Valley Planning Commission on May 20, 2009; and WI IFREAS. the City of Apple Valley City Council authorized submission of the Comprehensive Plan update to the Metropolitan Council on ;May 28. 2009: and WHEREAS. the Metropolitan Council has completed its review and approved the update to the Comprehensive Plan on December 11. 2009: and WHEREAS, the 2030 Comprehensive update was recommended for adoption by the Apple Valley Planning Commission on January 13, 2010, NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Apple Valley, Dakota County. Minnesota, that the updated Apple 'Valley Comprehensive Guide Plan, as attached hereto, is hereby adopted. ATTES1 : ADOPTED this 14th day of January, 2010. Pamela 1 Gac stet er. City Clerk • vs, L i—a& 90,..diad Map/ am, )-R 'and, Mayor city of Apple II Valley TO: Mayor, City Council and City Administrator FROM: Bruce Nordquist, Community Development Director Tom Lovelace, City Planner Kathy Bodmer, Associate City Planner Margaret Dykes, Associate City Planner MEETING DATE: January 14, 2010 MEMO Community Development Department SUBJECT: Final Adoption of 2030 Comprehensive Plan Update and Report on 2009 Planning Activity Introduction An important accomplishment by the Planning Commission in 2009 was the completion of the draft 2030 Comprehensive Plan Update for the City Council and Metropolitan Council review. The review work is completed, the Metropolitan Council has found the document to be in compliance with regional system planning and on January 13 the Planning Commission is being asked to recommend approval to the City Council. Key accomplishments in this plan include: • A Mixed Business Campus land use designation, with support of the property owner. • Inclusion of a vision statement, active living concepts, and transit oriented development policies. • The addition of an Economic Development chapter and the emphasis on job creation and higher density development. Annually in January, the Planning Commission is to report on their prior year activity. In addition to the work on the Comprehensive Plan, Planning Commission activity in 2009 will be shared with the City Council as part of this action item. History of 2030 Comprehensive Plan Update The Planning Commission began working on the 2030 Comprehensive Plan update at the May 2, 2007, meeting. For two years the Commission worked diligently on the update, reviewing numerous drafts, discussing issues with City Staff and consultant, and making recommendations to the City Council. As the Steering Committee for the project, the Planning Commission members attended 10 work sessions outside of their regularly scheduled twice monthly meetings. Two joint work sessions were held with the City Council and Planning Commission which allowed the Commission to discuss their work directly with the City Council. On May 28, 2009, the City Council authorized submission of Apple Valley's 2030 Comprehensive Plan Update to the Metropolitan Council for their review and approval. A short time later, like most of the other cities in the metropolitan area, Met Council staff notified the City that additional information was 2030 Comprehensive Plan Update January 14, 2010, City Council Meeting Page 2 needed before they would consider the plan to be "complete." Staff worked with other city departments to discuss the outstanding issues and collect the additional information that was requested. The Metropolitan Council notified the City on October 27, 2009, that the additional information the City had provided addressed the Council's outstanding issues. At its December 9, 2009, meeting, the Metropolitan Council reviewed the City's plan update and authorized the City of Apple Valley to put the plan into effect. Summary of Met Council's Request for Additional Information The Metropolitan Council staff notified the City in mid-June that additional information was needed from the City before it could take action on the plan. No significant issues of policy were raised by the Met Council. Instead, most of the information that was requested was a more detailed explanation of some of the City's policies, programs and ordinances. A summary of the issues is provided below. A chart is attached showing the specific issues identified by the Met Council and the City's detailed responses to those comments. Items requiring additional information: 1. Housing — The Met Council requested more detail information on the amount of land that would be developed in 5-year increments. Response: A table was created in the Land Use Chapter (page 4-25) that shows the amount of land that is projected to be developed in 5-year increments. 2. Individual Sewage Treatment Systems (ISIS) — The Met Council requested more detailed information to ensure the City has a tracking system and notification system to ensure ISTSs are regularly inspected and properly maintained. Response: The City Code complies with this requirement. A copy of the code section was forwarded to the Met Council. 3. Land Use 4. Sewers a. The Met Council requested more detailed information on the amount of land that would be developed in 5-year increments to the year 2030. Response: A new table and map were created to provide this information. b. Residential density ranges — The Met Council requested more detailed information concerning minimum and maximum densities in the Low Density Residential (LD) and High Density Residential (HD) land use designations. Response: The paragraphs discussing the LD and HD designations were revised to add more specific density information. a. Inflow and Infiltration (1/1) — The Met Council asked for detailed information on the City code sections that regulate this issue. Response: A copy of the code sections were forwarded to the Met Council. b. Intercommunity Flows — The Met Council asked for copies of intercommunity agreements between the City and Eagan and Burnsville. Response: A copy of the documents was forwarded to the Met Council, 2030 Comprehensive Plan Update January 14, 2010, City Council Meeting Page 3 5. Forecasts — The Met Council pointed out that there was a typo concerning the City's 2020 population forecast in the water demand section. Response: Typo was corrected. 6. Parks a. North Creek "Greenway" Trail — The Met Council requested that the designation of the North Creek Greenway Trail be changed from a "regional" trail to simply a "greenway" trail. Response: The trail designations used in the City's Comp Plan update were based on Dakota County's draft park system plan. The County's plan changed after the City began working on its Comp Plan update. Because the trail is referred to frequently throughout the plan, there were several edits that needed to be made. However, the edits were not substantive. b. Terrace Oaks Greenway Regional Trail — Dakota County's draft plan removed the alignment and designation of the Terrace Oaks Trail. Response: The requested change was made striking references and depictions of the Terrace Oaks Trail. Recommended Action At its December 9, 2009, meeting, the Metropolitan Council reviewed the City's 2030 Comprehensive Plan Update and authorized the City of Apple Valley to put the plan into effect. The Planning Commission is scheduled to review this item at their January 13, 2010, meeting. A copy of their recommendation will be forwarded to the City Council on the night of its meeting on January 14, 2010. The Planning Commission will consider the following motion: Recommend approval of the draft resolution adopting the 2030 Apple Valley Comprehensive Plan Update. If the Planning Commission recommends approval of the motion, the following motion would adopt the plan: Approve the attached draft resolution adopting the 2030 Comprehensive Plan Update. Next Steps The City is required to ensure that its official controls (Zoning Code, Subdivision Code and Capital Improvement Plan) comply with the Comprehensive Plan within nine months of the adoption of the updated plan. Any ordinance amendments will be forwarded to the Planning Commission and City Council for their review and recommendation. CITY OF APPLE VALLEY Dakota County, Minnesota January 14, 2010 Page 6 where the multiple funding so es were when the project was first be' , considered. He wants the amenities in the desig they were first discussed. Mayor Hamann- d acknowledged times are difficult, the Council wants to keep the , ' d original ' ' ' le as it is developed. She t n thanked Mr. Nordquist for the report. 2030 COMPREHENSIVE PLAN Mr. Nordquist introduced Planning Commission Chair Jeannine Churchill, citing she has been a great leader in helping to create the 2030 Comprehensive Plan. Mayor Hamann-Roland thanked Chair Churchill for her leadership on the Planning Commission and the work she and Planning Commission did on the 2030 Comprehensive Plan. Chair Churchill commended the Planning Department for the hours and hours of work necessary to complete the 2030 Comprehensive Plan. She also thanked the rest of the City staff, Council, and citizens who contributed. She said it was a long effort for the Planning Commission. She commented on the pressure on Apple Valley's business community and acknowledged their cooperation as well. Chair Churchill said the Planning Commission recommends approving the 2030 Comprehensive Plan. Ms. Bodmer reviewed the purpose of the 2030 Comprehensive Plan, noting that it guides future development in the City and provides the legal framework for land use controls. It also discusses the qualities and characteristics the City envisions for itself through 2030. A unique feature of the Plan is the vision statement which includes the 11 keys. She read the keys and stated they are woven throughout the Plan. Ms. Bodmer said on May 28, 2009, the Council authorized submission of the Plan to the Metropolitan Council for review and approval. In mid-June, the Metropolitan Council requested additional information from the City. Staff and the City's consultant worked with staff from the Metropolitan Council over the next several months to answer questions and make minor modifications. On October 27, 2009, the Metropolitan Council notified the City that the Plan was considered complete. On December 9, 2009, the Metropolitan Council reviewed the Plan and found it consistent with regional system plans and authorized the City to adopt it. The Planning Commission reviewed the final draft of the 2030 Comprehensive Plan last night and unanimously recommended its approval. Although the Planning Commission's motion includes approval of the Tier II Sanitary Sewer Plan, staff is recommending the Council adopt the 2030 Comprehensive Plan with the understanding the Tier II Sanitary Sewer Plan will be presented to the Council by Public Works staff at a future meeting. Councilmember Goodwin thanked the Planning Commission and Planning Department for all the work necessary to draft this Plan, acknowledging it was a huge task that required many hours to complete. CITY OF APPLE VALLEY Dakota County, Minnesota January 14, 2010 Page 7 Mayor Hamann-Roland thanked the Planning Commission for producing such an exceptional product and said the Plan is so well done it could be a model for other communities. Chair Churchill said the credit for the design work goes to staff and the consultant, the Planning Commission simply provided input along the way. Councilmember Bergman echoed the thanks and remarked about how comprehensive it is. Mr. Nordquist commented about the upcoming census, noting that the 2030 Comprehensive Plan is based on census information from 2003 with annual adjustments. He added that the census is very important. 7" MOTION: of LaComb, seconded by Goodwin, adopting Resolution No. 2010-11 approving the 2030 Comprehensive Plan. Ayes - 5 - Nays - 0. 2010 ACTING MAYOR MOTION: of LaComb, seconded by Be Councilmember Goodwi for the year 2010. Ay - 5 - Nays - 0. Mayor Hamann-Roland thanke• ouncilmember Goodwin for his dedicated serv - to the community and serving on t• - Council and commended him for the good job • has done as Acting Mayor in the past DAKOTA COMM J ICATIONS CENTER DCC APPOINTMEN an, adopting Resolution No. 201042 appoi mg serve as Acting Mayor, in the absence of the ■ ayor, Mr. Lawell sa in accordance with the Dakota Communicatio Center (DCC) By-laws, it is necessary t appoint the Alternate and Primary representativ to the DCC Board of Directors. The dire ors are appointed for a two-year term. Current , Councilmember Bergman serves as Prim Director and Councilmember LaComb serve :s Alternate Director. Additionally, four s members have been appointed to various DC 's ositions. Council should make a motion pointing City representatives for these six po ons. Mayor Hamann-Roland thanked Council mbers Bergman and LaComb for the excellent job they have done representing the City o is Board. MOTION: of Grendahl, seco d by Goodwin, appointing Councilmember Bergman Primary and Councilme er LaComb Alternate to the Dakota Communications Center (DCC) Boar. •f Directors and appointing the City Administrator DCC Executive Committe ember, the Assistant City Administrator DCC Executive Committee Altemat ember, the Police Chief DCC Police Operations Committee Member, and the ire Chief DCC Fire Operations Committee Member, for 2010 and 2011. Ayes -5 - Nays 0. A RESOLUTION DIRECTING STAFF TO REVIEW AND UPDATE THE CITY COUNCIL EVERY FIVE YEARS ON CERTAIN ASPECTS OF THE 2030 APPLE VALLEY COMPREHENSIVE PLAN UPDATE WHEREAS, pursuant to the Metropolitan Land Planning Act of 1976 the City of Apple Valley is required to prepare a Comprehensive Plan setting forth and use and development policies throughout the City; and WHEREAS, on July 13, 1981, the City of Apple Valley, adopted a plan titled the City of Apple Valley Comprehensive Guide Plan, and WHEREAS, pursuant to 1995 amendments to said Act, the City adopted an updated plan on October 14, 1999; and WHEREAS, pursuant to 2006 amendments to said Act, local government units are required to review and, if necessary, amend their entire comprehensive plans, and WHEREAS, a public hearing on the proposed 2030 Comprehensive Plan update was held on May 6, 2009, and May 20, 2009; and WHEREAS, the 2030 Comprehensive Plan update was recommended for adoption by the Apple Valley Planning Commission on May 20, 2009 and the City Council on May 28, 2009 WHEREAS, there is a Mixed Business Campus land use designation within the 2030 Comprehensive Plan Update and the City Council desires reports from staff in five year increments. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Apple Valley, Dakota County, Minnesota, that staff is directed to review and update the City Council every five years on development and continued viability of the Mixed Business Campus as set forth in the 2030 Comprehensive Plan Update ATTEST ADOPTED this 28th day of May, 2009 'PaNYVItx- Pamela J Gac stetter, City Clerk CITY OF APPLE VALLEY RESOLUTION NO 2009 -74 May H a nn Oland �`y . y , Mayor cug CITY OF APPLE VALLEY Dakota County, Minnesota May 28, 2009 Pages operations and fleet plan. Mr Nau covered the facili aluation, corridor integrati transitway enhancements, the Financial/Implement A on Plan, and the project sc e. Councillnember Bergman commented abo e regional transitways. He ' ggested the key players work together and look at bring - the rail system that will ru • m St. Paul to the City of Northfield to Apple Valley It wo be beneficial to Apple Val and help the Mixed Business p Campus that is being r.. • osed in the 2030 Comprehe r e Plan. He thinks BRT is p fabulous but felt this message `= eded to be heard by the parts a present this evening. Mayor Hamann -Rolan • aid Mr Nordquist, Commissi • ` r Branning, and she have been party to conversations regar g high speed rail. They learne it is going to travel along existing lines ..n beca most pra and economical. Howe r' } er, there can be connections in Apple Valley ation uch as St. Paul, all of America, and the airport. She agreed that the City needs eep on top of the regional transit 2030 COMPREHENSIVE PLAN Mr quist - ' . t • - nni r mission has completed its work on the Draft 2030 omprehensive Plan and it is ready to submit to the Metropolitan Council. The Plan will provide the framework for 2030 economic development. Mr Brad Scheib of Hoisington Koegler Group, Inc., thanked the Planning Commission and staff for their help in shaping the direction, dialogue, and story within the plan. He presented a PowerPoint presentation which provided an overview, addressed key changes, and summarized the content of the Draft 2030 Comprehensive Plan. There are 11 keys. Keys are the elements that when put together guide the community The keys are Sustainability, Livability, Business Oriented, Employment Focused, Safe, Play and Preserve, Healthy and Active, Accessible, Successful Downtown, Learning, and Service He said the keys are critical. He noted there are a number of new chapters and covered key points in them. The ten chapters of the 2030 Comprehensive Plan are Introduction, Vision for Apple Valley, Community Context, Land Use, Housing, Economic Development, Parks & Active Living, Transportation, Utilities, and Using the Plan. The Plan is a structure or framework for dialogue and the blueprint to achieve the vision and a common goal. Mr Scheib said they have worked on the Plan over one and one -half years. The Planning Commission has labored over it. The public has had an extensive number of opportunities to provide input including the public hearings on May 6 and May 20, 2009 If the Council approves the Draft Plan this evening, it will be submitted to the Metropolitan Council. They will review it for regional consistency Mayor Hamann - Roland noted members of the Planning Department also took comments from the public at the Home and Garden Show as well as other touch points. The Plan is dynamic and it is important for the City to keep in touch with what is happening in the market place and in the world in order to be as effective as possible in the Comprehensive Plan. CITY OF APPLE VALLEY Dakota County, Minnesota May 28, 2009 Page 6 Mr Nordquist stated a significant amount of work has gone on with the Fischer mining property owners. He added that Mr Fischer recently indicated a willingness to collaborate on the Mixed Business Campus (MBC) designation. Mr Nordquist presented demographic data as forecasted in 2030 He noted that the 3 million square feet of office, commercial, industrial, and warehouse uses, and 2,260 housing units as reflected in the Alternative Urban Areawide Review (AUAR) completed by Fischer in 2007 are very similar numbers to those reflected in the City's model in the analysis completed by Hoisington Koegler He recapped the history of communications with the Fischers and their representatives. The property owner's number one concern is the need for flexibility He said the Fischers are supporters of the Mixed Business Campus and he thanked Mr Fischer for being a willing partner Mr Nordquist then reviewed the items that were being discussed. There are approximately 200 to 210 acres for development, or 2.7 to 3.2 million square feet. The City's model seeks approximately 55% in single and multi-tenant, office, and light industrial, 20% in healthcare, clinics, and training; 20% in medium density housing; and the 5% in retail. The City is interested in exploring the health care option. Equally important to Mr Fischer is having housing options integrated into the area. The number of jobs created in this model ranges from 7,600 to 9,300 He then reviewed other items upon which they both agreed. One of the key points they agree on is there should not be housing along County Road 42 He presented a graphic showing key quadrants and the location for housing. Mr Nordquist said the second resolution addresses the property owner's request for flexibility and requires the City revisit in five years the assumptions and proposals for the south central planning area as defined in the 2030 Comprehensive Plan. Mayor Hamann-Roland recognized Jeannine Churchill, the Planning Commission, and staff for their efforts in completing this Plan. Councilmember Bergman asked about the ratios or heights of the buildings in the business campus. Mr Nordquist responded the ratio is a 5 or 6 stories. Councilmember Bergman said he wants varied height buildings to break up the topography Mayor Hamann-Roland said it is the Council's desire and intent to have that ratio While the economy is poor right now, it is important to have a vision for what we want. Councilmember Grendahl asked if there is any new direction for the Central Village. Mr Nordquist said the Comprehensive Plan stays dedicated to the original vision. If Council directs, staff can look at modifying it, While it is incredibly difficult to work with lenders in this environment, they have said the concepts being proposed are viable In addition, the Council has CITY OF APPLE VALLEY Dakota County, Minnesota May 28, 2009 Page 7 been receptive and flexible in the various modifications to the plan designs and layout for projects in the Central Village. Councilmember Grendahl said she wants assurances there are not going to be two projects that may be considered failures. The current project has a property owner who indicates he is not a developer The property owners of the Central Village said they were developers and they could not get the project off the ground even with the help of a $2.3 million dollar grant. She is concerned the vision for the Mixed Business Campus will then rely on the Planning staff and the Council. She hopes the project is not doomed before it starts. Mayor Hamann - Roland reminded things have happened in the Central Village, including the hotel, restaurant, and other businesses. It is a difficult time, yet it is important the City maintain the opportunity to have head of household jobs. The proposed plan provides the framework for an opportunity to do that. She thanked Mr Fischer for collaborating with the City and giving the City a reasonable amount of time to work towards the goal. In five years, the City can revisit the designation. Mr Nordquist said the City is looking for developments sooner rather than later in the Central Village The completion of the transit facility and bus operations are going to be paradigm changing in terms of how the development community would look at that area because it is so close to the transit facility If the Council would like staff to consider a new direction, they would be happy to do that. He believes the transit facility will bring new direction. Councilmember Goodwin has many of the same concerns as Councilmember Grendahl He noted that if the City had gone with a more traditional approach in the Central Village, there would be more tax base down there right now If the Central Village had worked, it would have been wonderful, although, he has not given up on it. He commented about the roads. He is also concerned about having two large projects that may not move forward. He noted the 40 acres of medical mentioned in the presentation earlier in the Cities of Woodbury, Burnsville, and Maple Grove includes a hospital. The City is doing more with economic development every day; and there may be more staff emphasis in the next budget. If the City goes that way, he would like this project to be a high priority It is important to stay flexible so there is not a repeat of the Central Village. Without a hospital or medical school, 40 acres is a lot of land. Information he gathered from a knowledgeable developer indicates 12 to 15 acres may be a more reasonable amount to be designated for medical. He agrees that flexibility is important. He does not want to loose a great opportunity down the road because the City is stuck on a concept that may or may not work. Councilmember Bergman also wants flexibility He said it is great news to hear the senior complex across from Enjoy! is going to be built. He hopes that is the trend. He does not want another big project to fail because its plan is set in stone Mayor Hamann -Roland reminded that the Council was flexible and approved a variety of changes to the Central Village plan. She met with the property owner and his representatives and heard their message and concern for flexibility She wants to do what is going to work. She CITY OF APPLE VALLEY Dakota County, Minnesota May 28, 2009 Page 8 wants a plan the Fischers will be proud of and one that will be good for Apple Valley By working together, she is hopeful the result will be a project of which both sides will be really proud. Councilmember LaComb said the Council is being rather harsh on itself. The Council took the best plan at that economic time, and found out nothing is guaranteed. Nothing is guaranteed about the plan the Council is currently looking at either The Council can only project what it has some experience in doing. She sees that flexibility has been added to the plan. There is also a partnership that has been formed which makes it more plausible to vote for it. She is not willing to move forward without vision, and she is hopeful the vision of this plan will work. However, if it does not work, there is the option to revisit the plan. Mr Tony Gleekle, of Siegel Brill Greupner Duffy & Foster, P.A., said he represents the Fischer family on this Mixed Business Campus. There has been a lot of dialogue in the last 60 days. The concerns with the site have to do with the economy, but have more to do with access and other issues. They were originally concerned with some of the land uses and percentages of uses on the site. They still have some concerns, but feel the flexibility driven into the plan works. There is an opportunity here because the land is not yet ready to be developed. They appreciate the additional residential, which is consistent with the AUAR. The retail also allows them some flexibility Their major concern is access to the site. They believe a corporate headquarters or major density will be difficult. However, now there is a vision and an opportunity to take this plan and work with the City to pursue grants. The time while the site is still being mined can be used to come up with potential opportunities to increase access or connections to the BRT They appreciate the City's response and good communications with staff, the Mayor, and Mr Sheib The guide plan is not perfect, but the concepts were embraced. They will be at the public hearing for the zoning ordinance to submit information and ideas. They support the resolutions and think that revisiting the plan in five years is a great idea and makes the Fischers comfortable Job creation and density is positive for the land owner because it means higher land values. They have concerns, but are willing to work as a team and work through the concerns. Mr Peter Fischer, of Fischer Sand & Aggregate, said over the last one and one -half years he has resisted the proposed plan. He decided there is a better way He will compromise with the City and become the City's partner He will collaborate with the City on this issue In return, he asked the City provide enough flexibility so both parties can do what is necessary if the plan does not work as well as both would like. Neither the City nor he wants to see a tract of land this large not develop in a timely fashion. He believes cooperation can make this work. He appreciates the efforts of the staff and the Council's input on this issue. Mayor Hamann - Roland thanked Mr Fischer for his partnership and the affirmation. She went on to say the Council wants to do what is best for the City and for Fischers. MOTION of Goodwin, seconded by LaComb, adopting Resolution No. 2009 -73 approving the Final Draft of the 2030 Comprehensive Plan and authorizing submittal to the Metropolitan Council for review Ayes - 4 - Nays - 0 - Abstain - 1 (Grendahl) CITY OF APPLE VALLEY Dakota County, Minnesota May 28, 2009 Page 9 MOTION of Bergman, seconded by LaComb, adopting Resolution No. 2009 -74 directing staff to review and update the City Council every five years on certain aspects of development and continued viability of the Mixed Business Campus as set forth in the 2030 Comprehensive Plan. Councilmember Goodwin said if something significant comes up in three or four years, he would like the Council to be flexible enough that it would revisit the plan at that time WHITE CASTLE Vote was taken on the motion. Ayes -- 5 - Nays - 0 Mr Lovelace reviewed the request by White Castle Systems, Inc nd AVW Company for a Conditional Use Permit and a site plan/building permit authors ion for a 2,584 square foot building on a 79 -acre lot. The property is located at 15101 dar Avenue, which was formerly the Boston Market site He reviewed the site plan, access, . d drive thru. The Planning Commission had some minor issues with the site White astle sent revised plans and a letter today stating they will meet all the conditions and satis ' all the concerns as brought forth b y the Planning Commission and staff The only items left tstanding are the request for a Letter of Understanding regarding the maintenance and sere e requirements for the sanitary sewer system and a maintenance agreement for the stormwater filtration system. He then reviewed colored renderings. Councilmember LaComb said it looks na are any concerns regarding safety Mr Lovelace stated the City's traff consultant reviewed the plan and did not have any outstanding issues. He noted it i . y ecessary to circle the building twice in order to use the drive - thru window, but it will not ha an impact on access to parking or the internal circulation patterns. Councilmember LaCom pointed out that circling the building twice creates two times the possibility of someon rossing the driving lane if they are parking and walking into the building. She asked staff to 1. , at it one more time Mr Lovelace s he would pass that on to the traffic consultant. w on the north end of the building and asked if there er Bergman asked if Boston Market had the same traffic pattern. Mr Lov ace responded that Boston Market had a one -way traffic pattern, but did not have a drive- window C4 • \ -.5 4) rt 74' t) o ..?-,' -4,1 a. -- 4) ,..0 tg) .4 4.) 3 .., vi V 4.) 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This item is informational. Project Summary /Issues Attached for your review is the Purchase Agreement between the City and OneTwoOne Development, LLC for the acquisition of Lot 1, Block 1, Village at Founders Circle, a 3.65 -acre lot southwest of the intersection of Galaxie Avenue and 153 Street W., commonly called the "Triangle Site ". Earlier this year, the City received a $1,148,639 Livable Communities Development Account (LCDA) Grant from the Metropolitan Council to help a developer acquire the site from the City through the Apple Valley Economic Development Authority ( AVEDA). The City acquired the property from Dakota County after the site went through the tax forfeiture process, and paid the County the $1,148,639 for the site to prevent auction or further languishing in the marketplace. The City was approached by Cooperative Lifestyle Group, LLC, now OneTwoOne Development, LLC (the developer), a partnership of Ecumen and Lifestyle Communities, LLC, in April 2014 to develop the Village Pointe Plaza project, which is a pedestrian - friendly, integrated mix of uses including 78 units of senior -owned housing, retail, office, and a boutique grocery store. In January 2015, the Metropolitan Council approved the grant request of $1,148,639. The funds will be used for site acquisition in order to convey the property to the developer so that they may move forward with an intensive, vertical mixed -use to provide lifecycle housing, and neighborhood commercial uses with an innovative structured parking solution on the most prominent center parcel in the Central Village. In March 2015, AVEDA directed City staff to draft a predevelopment agreement; the attached purchase agreement is the initial agreement that will assist the developer in obtaining private financing for the project. The Purchase Agreement, drafted by the City Attorney's office, lays out the following items: • Transfer of the site from the City to AVEDA and then to the developer • Transfer of grant funds from the City to AVEDA and then to the developer • Payment of special assessments, starting in 2016 • Development performance standards • Timeline for submittal, review, and completion of sale of the property • Project components as shown on the preliminary sketch plan B July 23, 2015 Additional actions will need to be taken by the City and AVEDA prior to the transfer of the property, including the subdivision of the property creating separate lots for the senior housing and commercial uses; various agreements for the development; and business subsidy agreements for the LCDA funds. These will need to occur over the next 18 months, or City may cancel the sale of the property to the developer. The attached Purchase Agreement assists the developer in obtaining additional private financing from lenders. The City and AVEDA are not providing any additional assistance beyond the site acquisition grant and the payment of special assessments over time. Budget Impact None identified at this time. The LCDA funds will be used by AVEDA and the City to assist the developer with site acquisition. Attachment(s) 1. Draft Purchase Agreement with Exhibits 2. Aerial Map 3. Sketch Site Plan PURCHASE AGREEMENT This Purchase Agreement (the "Agreement ") is entered into as of the "Effective Date" by and between OneTwoOne Development, LLC, a Minnesota limited liability company (hereinafter referred to as "Buyer ") and the City of Apple Valley (hereinafter referred to as "Seller "). Buyer and Seller are jointly referred to as the "Parties." In consideration of the foregoing and the mutual covenants, and agreement hereinafter expressed, and for other good, fair and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Seller and Buyer hereby agree as follows: 1. Purchase and Sale. Buyer desires to purchase, and Seller desires to sell and convey to Buyer all of Seller's right, title and interest in and to that certain parcel of real estate located in Dakota County, State of Minnesota, which is approximately 3.65 acres in area, and which is assigned Property ID Number 01- 81750 -01 -010 and legally described in Exhibit "A" attached hereto (the "Property "), subject to the terms and conditions of this Agreement. 2. Conditions. The obligations of Buyer and Seller under this Agreement are conditioned upon each of the following occurring on or prior to Closing Date (defined herein): 2.1 Buyer entering into a Development Assistance Agreement with the Apple Valley Economic Development Authority ( "AVEDA ") that provides for the AVEDA loaning $1,148,639.00 to Buyer for purposes of Buyer acquiring the Property from Seller (hereinafter "Loan "); 2.2 Buyer providing a promissory note and mortgage in favor of AVEDA in a form acceptable to AVEDA, which provides AVEDA with security for the Loan; and 2.3 Upon completion of paragraphs 2.1 and 2.2, AVEDA wiring the $1,147,639.00 to the title company handling the Closing (defined herein) on the Closing Date. 3. Price And Payment. 3.1 Price. The total purchase price for the Property is One Million One Hundred Forty -Eight Thousand Six Hundred Thirty -Nine and 00 /100 Dollars ($1,148,639.00) (the "Purchase Price "). 3.2 Payment. The Purchase Price shall be paid as follows: a. Earnest Money. Within three (3) business days following the Effective Date (defined herein), Purchaser shall deliver to the Seller the sum of One Thousand and 00 /100 Dollars ($1,000.00) (the "Earnest Money "). The Earnest Money shall apply to and be credited against the Purchase Price, as set forth below, and shall be non - refundable in all events other than in connection with Buyer's exercise of its option to terminate this Agreement as expressly set forth in Paragraph 7.1 hereof. (1) 4. Title Examination. b. Balance Due. On the Closing Date (defined herein), Buyer shall deliver payment of Purchase Price, minus the Earnest Money, plus pay all costs related to the Closing. 4.1 Title Commitment. Seller will, within a reasonable time after the Effective Date, furnish at Seller's expense a current title commitment (the "Commitment ") for an owner's policy of title insurance for the Property from a reputable title insurance company, which shall include proper searches covering bankruptcy, state and federal judgments and tax liens and a pending, deferred and levied special assessment search. Buyer shall be allowed fifteen (15) calendar days after receipt of the Commitment for the examination thereof and the making of any objections to the insurability of title, said objections to be made in writing, by facsimile or email or deemed to be waived. Any objections to title not made within fifteen (15) calendar days shall be deemed Permitted Encumbrances. If any objections are so made, Seller shall promptly commence such actions reasonably necessary to cure such objections and shall be allowed sixty (60) days after the making of such objections by Buyer to cure said objections, and in such case the Closing Date shall be extended accordingly. Notwithstanding the foregoing, Seller shall not be obligated to cure any Permitted Encumbrances as set forth herein. If such defects are cured within said 60 day period, Buyer shall be notified in writing of the curing of said defects, and Buyer shall proceed to close this transaction according to its terms and conditions. 4.2 Defective Title. If such title is not insurable and cannot be made so within said 60 day period, and if Buyer does not waive, by written notice given to Seller within 10 days after the end of said 60 day period, the curing of said defects, this Agreement shall be null and void, in which event neither Buyer nor Seller shall be liable for damages hereunder to the other, and the Earnest Money shall be returned to Buyer. 4.3 Title Insurance Policy. The Parties agree that Buyer's obligation to purchase the Property is contingent upon a title insurance company providing Buyer with title insurance for the Property. 5. Closing Procedures. 5.1 Closing Date. Subject to the fulfillment or waiver of the conditions hereof, the closing of the purchase and sale contemplated hereunder shall occur on September 15, 2016 (hereinafter "Closing Date" or "Closing "). 5.2 Place of Closing. The Closing shall be conducted at a title company providing title insurance with respect to this transaction, if any, or at such other place as Buyer and Seller may mutually agree upon. 5.3 Buyer's Closing Obligations. At Closing, Buyer shall deliver to Seller the following: (2) a. The Purchase Price, minus Earnest Money, by wire transfer or other immediately available funds; b. Buyer shall execute and deliver to Seller a Waiver of Objection to Special Assessments (Exhibit "B ") associated with special assessments in the principal amount of $1,344,770.00 ( "Principal Special Assessment Amount ") payable over 15 years together with interest at the rate of 5% per year with the first installment shall be due and payable in 2016. If the Buyer chooses to subdivide the Property subsequent to purchasing the Property, the Principal Special Assessment Amount and any accrued interest ( "Allocated Special Assessment Amount ") shall be allocated in the following manner: (1) 50% of the Allocated Special Assessment Amount shall be allocated to the parcel(s) to be developed in whole or in part as senior cooperative housing and associated parking, and (2) 50% of the Allocated Special Assessment Amount shall be allocated to the remaining parcel(s) that comprise the Property, based upon acreage. This allocation of the Allocated Special Assessment Amount is based upon the Buyer's representation that the parcel to be developed for senior cooperative housing will be developed prior to or at the same time as the other subdivided parcels that comprise of the Property. These obligations shall survive the Closing Date; and c. Such documents as may be reasonable necessary to effectuate the transfer contemplated in this Agreement. 5.4 Seller's Closing Obligations. a. Provided Buyer has complied with the terms and conditions of this Agreement, Seller shall convey title that is marketable, insurable, and indefeasible. At Closing, the Property shall be conveyed by Seller to Buyer by quit claim deed (the "Deed ") duly executed in form for recordation, subject only to the following exceptions (the "Permitted Encumbrances "): (i) applicable building and zoning laws, ordinances, and state and federal regulations; (11) restrictions relating to use or improvements of the Property without effective forfeiture provisions; (iii) reservation of any minerals or mineral rights by or to the State of Minnesota; (iv) such other exceptions or conditions as are approved by Buyer in writing in accordance with this Agreement; (v) easements, covenants, conditions, encumbrances and restrictions of record, if any; (vi) real estate taxes for the current year; and (vii) 2016 /future assessments in the amount of $1,344,770.00 payable over 15 years together with interest at a rate of 5% per year; (3) b. A Certificate of Real Estate Value in the form required by Dakota County and /or the State of Minnesota; c. A standard seller's affidavit relating to the absence of bankruptcies, tax liens, judgments or other proceedings and unrecorded interests that affect or could affect the title to the Real Estate; d. A Well Disclosure Statement as required by the State of Minnesota; and e. Such other documents as may be reasonably necessary to effectuate the transfer contemplated in this Agreement. 5.5 Real Estate Taxes. Buyer shall pay all real estate taxes and installments of special assessments due and payable following the Closing Date. 5.6 Cost of Recording. The cost of recording the Deed shall be borne by Buyer. 5.7 Escrow Fees. The parties agree that any and all closing fees of any Title Company involved in the Closing shall be borne by Buyer. 6. Buyer's Representations, Warranties and Covenants. Buyer warrants, represents and covenants to Seller each and every one of the following which shall be true on the Closing Date and shall survive the Closing Date unless specifically waived in writing by Seller: 6.1 The person executing this Agreement and any documents required hereunder is fully authorized to execute such documents. 6.2 The execution, delivery and performance by Buyer of this Agreement and all instruments and agreements contemplated hereby will not result in a breach or violation or constitute a default under any agreement, instrument, indenture, order, law, ordinance or decree to which Buyer is a party or by which Buyer is bound. 6.3 Buyer represents that each and every undertaking and obligation of Buyer under this Agreement and any collateral agreement shall be performed by Buyer timely when due. 6.4 Buyer shall devote the Property to its intended use as shown in the Preliminary Site Plan (Exhibit "C ") and obtain all necessary permits and begin construction of the senior cooperative housing and other commercial buildings on the Property on or before December 1, 2016. Buyer's failure to do so is subject to Section 7.3 herein. Buyer shall not transfer title to the Property prior to January 1, 2017 without the Seller's written consent. 6.5 All representations and covenants of Buyer contained in this Agreement shall be true on the Closing Date and shall survive the Closing. (4) 7. Remedies. 7.1 If Seller shall default in the performance of any of its obligations hereunder, and such default is not corrected within ten (10) days after receipt by Seller of notice from Buyer setting forth such default, Buyer shall have the right (i) to bring an action for specific performance, provided such action is commenced within six (6) months from the Effective Date of this Agreement, or (ii) to cancel this Agreement, in which event the Earnest Money shall be promptly returned to Buyer. These are the sole and exclusive remedies available to Buyer in the event of Seller's default. In no event shall Buyer be permitted to recover monetary damages from Seller. 7.2 Buyer shall be in default hereunder if it breaches a material covenant hereunder. In addition to remedies available under Section 7.3, if Buyer is in a default in the performance of any of its obligations and fails to cure that breach within within ten (10) days after receipt by Buyer of notice from Seller setting forth such default, Seller may (i) cancel this Agreement, in which event Seller shall be entitled to retain the Earnest Money as liquidated damages, or (ii) bring an action for specific performance, provided such action is commenced within six (6) months from the Effective Date. The parties hereby acknowledge that it is extremely difficult or impossible to calculate the damages associated with the removal of the Property from the market and agree that the Earnest Money to be retained as liquidated damages represents a fair estimation of the damages that would be incurred by Seller in the event of a default by Buyer under the terms of this Agreement. 7.3 If Buyer fails to comply with Section 6.4 herein, Seller may cancel the sale and title to the Property shall return to Seller and Seller shall return the Loan funds to AVEDA by December 8, 2016. To the extent that Buyer is required to perform under this Section (7.3), Buyer shall indemnify and hold harmless both the Seller and the AVEDA and their officers, agents and employees from and against all claims, damages, losses or expenses, including attorney fees, which may be suffered or for which they may be held liable, arising out of or resulting from the assertion against them of any claims, debts or obligations arising from Buyer's ownership or development of the Property. 8. Miscellaneous. 8.1 Notices. All notices and other documents of similar legal effect from either party to the other shall be in writing and considered to have been duly given or served if sent by first class certified mail, return address as set forth below, or to such other address as such party may hereafter designate by written notice to the other party. To Seller: City of Apple Valley c/o Tom Lawell 7100 West 147 Street Apple Valley, Minnesota 55124 (5) With a copy to: To Buyer: Mike Dougherty Dougherty, Molenda, Solfest, Hills & Bauer P.A. 14985 Glazier Avenue, Suite 525 Apple Valley, Minnesota 55124 OneTwoOne Development, LLC 3530 Lexington Avenue North, Suite 100 Shoreview, Minnesota 55126 8.2 Broker's Commission. There is no brokerage fee or commission payable to any third party with respect to the transaction described herein. 8.3 Successors and Assigns. The terms, conditions and covenants of this Agreement shall extend to, be binding upon and inure to the benefit of the successors and assigns of the parties hereto. This Agreement may not be assigned by Buyer without the prior written consent of Seller. Any assignment consented to by Seller shall not relieve Buyer of the obligations contained herein except as approved by Seller. 8.4 Headings. The headings of the paragraphs and subparagraphs of this Agreement are for convenience of reference only. They do not form a part hereof and in no way interpret or construe such paragraphs and subparagraphs. 8.5 Entire Agreement. This instrument contains the entire agreement of the Parties. It may be changed only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension or discharge is sought. 8.6 Time of Essence. Time is of the essence in this Agreement. 8.7 Governing Law. This Agreement is made and executed under and in all respects to be governed and construed by the laws of the State of Minnesota and the parties hereto consent and submit themselves exclusively to the First Judicial District, Dakota County, State of Minnesota. 8.8 Non - waiver. The waiver by either party hereto of any condition of the breach of any term, covenant or condition herein shall not be deemed to be a waiver of any other condition or of any subsequent breach of the same or other terms, covenants, or conditions herein contained. 8.9 As - Is Condition. Seller makes no representations or warranties, written or oral, express or implied, regarding the condition of the Property. Buyer and Seller hereby acknowledge and agree that the Buyer is purchasing the Property from Seller in As - Is, Where - Is condition. Buyer's acceptance of title to the Property shall represent Buyer's acknowledgement and agreement that: (i) Seller has not made nor has Buyer relied upon any written or oral representation or warranty made by Seller, its agents or employees with respect to the condition or value of the (6) Property; (ii) Buyer has had an opportunity to inspect the condition of the Property, has performed such inspection as determined by Buyer to be necessary or advisable in its sole discretion; and (iii) the condition of the Property is fit for Buyer's intended use. Buyer hereby releases Seller from liability with respect to any of the foregoing, and Buyer hereby waives any cause of action (including without limitation any right of contribution) Buyer may have against Seller with respect to the foregoing, whether arising under common law, or federal, state or local statute, rule or regulation provided Buyer does not waive any cause of action for breach of any express warranty contained in this Agreement. 8.10 Partial Invalidity. In the event that any Paragraph or portion of this Agreement is determined to be unconstitutional, unenforceable or invalid, such Paragraph or portion of this Agreement shall be stricken from and construed for all purposes not to constitute a part of this Agreement, and the remaining portion of this Agreement shall remain in full force and effect and shall, for all purposes, constitute this entire Agreement. 8.11 Construction of Agreement. All parties hereto acknowledge that they have had the benefit of independent counsel with regard to this Agreement and that this Agreement has been prepared as a result of the joint efforts of all parties and their respective counsel. Accordingly, all parties agree that the provisions of this Agreement shall not be construed or interpreted for or against any party hereto based upon authorship. 8.12 Counterparts. This Agreement may be executed in any number of counterparts, each of which when executed and delivered shall be an original, but all such counterparts shall constitute one and the same instrument. 8.13 Effective Date. The "Effective Date" hereof shall be the date the later of Buyer and Seller executes this Agreement. If either party fails to date this Agreement below their signature, the date of execution of the other party shall constitute the Effective Date. Date By: Mary Hamann- Roland, Mayor Date By: Pamela J. Gackstetter, City Clerk ( CITY OF APPLE VALLEY ATTEST: Date ( ONETWOONE DEVELOPMENT, LLC EXHIBIT A LEGAL DESCRIPTION Lot 1, Block 1, Village at Founders Circle, Dakota County, Minnesota EXHIBIT B Waiver of Objection to Special Assessments This Agreement and Waiver of Assessment Appeal (the "Agreement ") is entered into by and between the City of Apple Valley, Minnesota (the "City "), a Minnesota municipal corporation, and OneTwoOne Development, LLC, a Minnesota limited liability company ( "Owner "), as of the date of its complete execution. RECITALS WHEREAS, the Owner is the fee owner of certain real property located at 7070 153rd Street West in the City of Apple Valley, PID No. 01- 81750 -01 -010, legally described as: Lot 1, Block 1, Village at Founders Circle, Dakota County, Minnesota (the "Property "); WHEREAS, the City performed various public improvements that benefited the Property ( "Work "); WHEREAS, the City proposes to levy special assessments on the Property associated with the Work in the principal amount of $1,344,770.00 ( "Principal Special Assessment Amount ") payable over 15 years together with interest at the rate of 5% per year with the first installments due and payable in 2016. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City and the Owner hereby covenant, and agree as follows: 1. UP FRONT PAYMENT FOR WORK. City paid up front the costs to perform the Work that the parties agree benefit the Property. The parties agree that value of benefit to the Property is the amount of $1,344,770.00. 2. REPAYMENT AND ASSESSMENT. The Owner shall repay the Principal Special Assessment Amount, through a special assessment to be levied by the Apple Valley City Council over a period of fifteen (15) years together with five percent (5 %) interest per year on the unpaid principal balance. The first installments shall be due and payable in 2016. 3. SUBDIVISION OF PROPERTY. If the Owner chooses to subdivide the Property, the unpaid Principal Special Assessment Amount remaining due and payable at the time of subdivision shall be allocated in the following manner: (1) 50% of the unpaid Special Assessment Amount shall be allocated to the parcel(s) to be developed in whole or in part as senior cooperative housing and associated parking, and (2) 50% of the unpaid Special Assessment Amount shall be allocated to the remaining parcel(s) that comprise the Property, each allocation based upon acreage. This allocation of the Allocated Special Assessment Amount is based upon the Owner's representation that the parcel to be developed for senior cooperative housing will be developed prior to or at the same time as the other subdivided parcels that comprise of the Property. 4. WAIVER OF OBJECTION OR APPEAL (MINN. STAT. § 429.081). The Owner hereby accepts the special assessment for the Work to be levied against the Property in repayment to the City. The Owner hereby waives the right to object or appeal the assessments pursuant to Minn. Stat. § 429.081. 5. ATTORNEYS' FEES AND EXPENSES. If the City is required to defend the terms of this Agreement or if the Owner breaches this Agreement, the Owner shall reimburse the City for all attorney's fees and costs associated with any such breach. 6. GOVERNING LAW. This Agreement will be construed and enforced in accordance with the laws of the State of Minnesota. 7. SEVERABILITY. To the extent any provision or part of this Agreement is void or otherwise adjudicated to be void or contrary to the law, it is the intention of the Parties that the rest of the Agreement shall be effective and remain a binding agreement. 8. WAIVER. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the Party making the waiver. 9. WILLFUL AND KNOWING. Each party has signed this Agreement willingly and further agree and warrant that each has carefully read this Agreement and understands it. 10. COMPLETE AND BINDING AGREEMENT. The Parties agree this Agreement memorializes the entire agreement by and between the Parties with respect to the matters set forth herein, is binding on the Parties, their heirs, successors and assigns. The Parties also agree that there are no other claims, understandings, promises, or representations, either written or oral, by and between them with respect to matters in this Agreement. IN WITNESS WHEREOF, the Parties agree to all the terms and provisions contained herein. Dated: ONETWOONE DEVELOPMENT, LLC /THE OWNER By: Its: STATE OF MINNESOTA ) ss. COUNTY OF DAKOTA ) On this day of County, personally appeared Tii JOANNE H MURPHY Notary Public State of Minnesota My Commission Expires January 31, 2020 �.r AS STATE OF MINNESOTA ) COUNTY OF DAKOTA ) ss. , 2015, before me a Notary Public within and for said , the et) e- Jr of OneTwoOne Development, LLC. 5 � �'1- ATTEST: Notary Public CITY OF APPLE VALLEY Date By: Mary Hamann - Roland, Mayor Date By: Pamela J. Gackstetter, City Clerk On this day of , 2015, before me a Notary Public within and for said County, personally appeared Mary Hamann- Roland, Mayor of City of Apple Valley, and Pamela J. Gackstetter, City Clerk, City of Apple Valley. EXHIBIT C Preliminary Site Plan imaroT4/ .. ' .�~ ' 'V~ ' r-��� ' '--' - �n , � . ~ 4 GARNET WAY ~~ LF :�~��'��^�__'��^� - __— - .~..~... = . t% FOUNDERS LW � 1.0 ~ ~~ ~' „.• 1 .,^"_ '^| �"��` "IL ` ~ '~. c41.4 14%.40ftilAifti i / 1 .. °~•~ ~~.= .” ."". --- --' -- - - . .� , w r-� 0 z w 0 w