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CR 07-008 PUD/Development Agreement-Opus Northwest LLC C\IY OF - December 27,2006 HOPKINS Council Report 07-8 PUDIDEVELOPMENT AGREEMENT - OPUS NORTHWEST L.L.C. ProDosed Action. Staff recommends the following motion: Move to approve an amended Planned Unit Development (PUD)/Development Agreement with Opus Northwest. L.L.C.. to redevelop the former SUPERV ALU North Annex site. With this action is it understood that staff is authorized to make minor changes that do not impact the overall intent of this agreement. Overview. Opus Northwest, L.L.C., has purchased the former SUPERV ALU North Annex site. Opus is proposing to construct an office development. The proposed development will be three 5- 7 story office buildings. The proposed square footage is approximately 740,000 square feet, anticipated to be constructed in three phases. There is also a small retail area on the east side of the site. The site was rezoned with an overlay zoning of Planned Unit Development (PUD) with the approval of a master plan. The PUD zoning allows flexibility with the underlying zoning of Business Park. In this agreement the specific parameters on how the site will be developed are detailed. A site plan approval, replatting, and vacation is before the City Council tonight for approval. The development agreement, as presented, was prepared by Jerry Steiner of the City Attorney's office. As of the date of this report the final details of the agreement are still being discussed. If there are changes, the final agreement will be distributed Tuesday night. Prima" Issues to Consider. . What are the main points of the original and amended agreements? . Why is the agreement being amended? SUDDortin!! Documents. . Amendment to PUD/Development Agreement · Memo from Jerry Steiner N ancYi . Anderson, AI CP Planner Financial Impact: $_N/A_Budgeted: Y/N Related Documents (CIP, ERP, etc.): Notes: Source: CR07 -8 Page 2 Primarv Issues to Consider. What are the main points of the original and amended agreements? . Allows for the property to be developed in phases . The project will be developed in compliance with the approved plans . Developer will construct a Regional Storm Water Facility . Any improvements will be constructed according to City codes and ordinances . Any improvements on City-owned land will be transferred to the City of Hopkins . Developer warrants City improvements for two years . The developer reimburses the City for out-of-pocket costs for development . Timing for installation of the light at Jackson Avenue project entrance . Why is agreement being amended? The agreement is being amended to reflect the revised plans from Opus. The main change is the office development will now be 55,000 square feet larger than originally planned. See the memo from Jerry Steiner for a summary of the amendments. Alternatives. 1. Approve the development agreement. By approving the PUD agreement, the redevelopment must be developed as outlined in the agreement. 2. Deny the development agreement. By denying the PUD agreement, Opus will be allowed to develop the former SUPERV ALU North Annex site with the Business Park zoning. If the City Council considers this alternative, findings will have to be identified that support this alternative. 3. Continue for further information. If the City Council indicates that further information is needed, the item should be continued. AMENDMENT TO PUDIDEVELOPMENT AGREEMENT. This Amendment to PUD/Development Agreement (this "Amendment ") is made and executed this day of , 2007, by Opus Northwest, L.L.C., a limited liability company under the laws of the State of Delaware ("Developer"), and the City of Hopkins, a municipal corporation under the laws of Minnesota ("City"). RECITALS A. On August 14, 2006, Developer and the City entered into a PUD/Development Agreement (the "PUD Agreement") stating the terms and conditions of the City's approval of PUD zoning and a Development Plan for the development of certain real property legally described in Exhibit A attached to the PUD Agreement (the "Real Property"). The PUD Agreement was filed for record on , 2006, as Hennepin County Recorder , 2006, as Hennepin County Registrar Document No. of Titles Document No. B. Paragraph 1 of the PUD Agreement provides that the Real Property is to be developed in phases and that, at the time Developer applies for and obtains approval of a plat or site plan for each phase of development of the Real Property, the Developer and the City are to , and on enter into an Amendment to the PUD Agreement stating the particular terms, covenants and ..4 . conditions attached to the City's approval for each phase of development in accordance with Minnesota Statutes 462.358, Subd. 2a, Section 565 of the Hopkins City Code and consistent with the terms and conditions stated in the PUD Agreement. Developer has applied to the City for approval of a plat of the Real Property to be known as Excelsior Crossings (the "Plat"); and for site plan approval for the development and improvement of three phases of development of the Real Property. On January 2, 2007, the City Council of the City adopted Resolution No. 07- , approving the preliminary Plat, and Resolution No. 07- granting site plan approval for the site plans submitted by Developer for those phases of development. As a condition of these approvals, the City has required Developer to execute and record this Amendment and to comply with and perform all of the agreements, terms, covenants, conditions and restrictions hereof. Developer has agreed to execute this Amendment and record the same as a servitude upon title to the Real Property. NOW, THEREFORE, in consideration of the foregoing Recitals, which are incorporated in and made a part of this Amendment, Developer and the City agree the PUD Agreement is amended as follows: 1. Defined Terms. All words and phrases defined in the PUD Agreement shall, when used in this Amendment, have the same meanings stated in the PUD Agreement unless the context clearly requires a different meaning. 2. Amendment of PUD Zonin!!. The platted lots delineated in the Plat do not conform with the standards stated in Section 500.55 of the Hopkins City Code regulating the shape and dimensions of platted lots. After a public hearing held in accordance with the requirements of Subdivision 2 of Section 565.05 of the Hopkins City Code, the City Council has approved an amendment to the PUD zoning approval for the Real Property so that the c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 2 - dimensions and shape of the platted lots delineated in the Plat shall be permitted within the PUD District established for the Real Property. 3. Authoritv to Proceed. Developer may proceed with construction of the buildings and related or ancillary improvements for those phases of development of the Real Property for which site plan approval was granted by City Council Resolution No. 07- , In accordance with the terms and conditions of such Resolution, the PUD Agreement and this Amendment; and otherwise in accordance with the terms and conditions of all applicable ordinances, codes, statutes and regulations, it being understood at this time Developer is electing to proceed with development of the buildings designated in the site plan as Buildings A and B (Phases 1 and 2) only, and Developer is not required to proceed with development of Building C (Phase 3).. 4. Construction of ImDrovements. Developer acknowledges that, in addition to any other Public Improvements Developer is required to construct in accordance with the provisions of the PUD Agreement and this Amendment, Developer shall commence and complete construction of the First Phase Improvements defined in Paragraph 2 of the PUD Agreement simultaneously with construction of the Improvements to be constructed by Developer as part of the first phase of development of the Real Property in accordance with the approved site plan therefor. The City acknowledges it has determined it is not necessary to construct the new water main described in Subparagraph 2e of the PUD Agreement. Developer shall commence construction of the First Phase Improvements simultaneously with commencement of construction of the first phase of development of the Real Property, and shall thereafter proceed and continue with all due diligence to complete the First Phase Improvements, subject to Unavoidable Delays (as defined in the PUD Agreement). c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 3 - . 5. Amendment of Para!!raDh 3 of PUD A!!reement. Paragraph 3 of the PUD Agreement is deleted and replaced with the following new Paragraph 3: 3. Identification of and ComDliance With Plans. The Real Property shall be developed and the Improvements constructed and completed in accordance with the following plans which are herein collectively referred to as the "Plans." The Plans shall not be attached to this PUD Agreement. If any of the Plans are designated as "Preliminary", such Planes) shall, subject to City review, comment and approval, be modified, at Developer's expense, after the date of this PUD Agreement to be suitable for final construction purposes before commencement of any of the work described or depicted in the Plan in question or issuance of a building permit for the work depicted in such Plan. At such time as a preliminary Plan has been replaced by a final Plan approved by the City, all references in this PUD Agreement to such Plan shall refer to the final Plan. In the event of any conflict or inconsistency between the Plans and the provisions of this PUD Agreement, the provisions of the Plans shall control. All of the Improvements shall be constructed in the manner depicted in and required by the Plans, the final construction documents prepared in accordance with the Plans and this PUD Agreement, by Developer at Developer's sole expense. The Plans are: Description of Plan Plan A Preliminary Plat of Excelsior Crossings prepared by Sunde Land Surveying, LLC, dated Plan B Preliminary Grade Level and Upper Level Site Plans prepared by Opus Architects and Engineers, Inc., dated November 27,2006. Plan C Preliminary Signage and Dimensional Site Plan prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27, 2006. Plan D Preliminary Grading Plan prepared by Opus Architects and c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 4 - Plan E Plan F Plan G Plan H Plan I Plan J Engineers, Inc., and RLK, Incorporated, dated November 27, 2006. Preliminary Storm Water Pollution Prevention Plan and Storm Water Pollution Prevention Details prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27,2006. Preliminary Sanitary Sewer/Water Main Plan prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27,2006. Preliminary Storm Sewer Plan prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27,2006. Preliminary Regional Pond Construction Plan prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27,2006. Preliminary General Details and Cross Sections (Sheet Nos. C 12 - C 14) prepared by Opus Architects and Engineers, Inc., and RLK, Incorporated, dated November 27, 2006. Preliminary Overall Landscape Plan, Enlarged Landscape Plan, Central Area Landscape Plan, Landscape Details and Landscape Details and Plant List (Sheet Nos. Ll.O - L1.9) prepared by Opus Architects and Engineers, Inc., dated November 16,2006. At the time of submission of a request for site plan approval for any phase of development of the Real Property for which site plan approval has not been previously given or has expired, Developer shall submit comprehensive plans depicting such phase of development, including all Improvements to be constructed and completed as part of such phase (herein collectively referred to as the "Future Phase Plans"). The Future Phase Plans shall be prepared and submitted in accordance with the City's standard practices for approval of plats and site plans and construction of Public Improvements and will include, but are c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 5 - not limited to, preliminary and final plats, grading, drainage and erosion control plans, landscaping plans, utility plans, site plans and such other surveys, plans, drawings and engineering plans as are customarily required by the City in connection with plat or site plan approval or are appropriate to the development of each such phase of the Real Property. At the time of approval of each subsequent phase of development of the Real Property, Developer shall submit the Future Phase Plans for such phase of development for review and approval by City staff, and the Amendment to this PUD Agreement to be entered into in connection with the approval of each such phase of development shall identify the Future Phase Plans for that phase and incorporate such Future Phase Plans by reference. 6. Intersection ImDrovements. Paragraph 4, C, of the PUD Agreement is deleted and replaced with the following new Paragraph 4, C: C. A traffic signal and all related roadway, sidewalk and other Public Improvements as generally depicted in the Plans (the "Intersection Improvements") shall be constructed by the City at the primary access point to the Real Property at the intersection of Jackson Avenue and Hennepin County Road 3. The Intersection Improvements shall (subject to Unavoidable Delays) be constructed by the City during the 2007 construction season, provided Developer also begins construction of Building B during the 2007 construction season. Construction of the Intersection Improvements shall be completed by the City as a public improvement project in accordance with the City's standard practices and the requirements of all applicable statutes and ordinances for public improvement projects. Any and all costs incurred by the City to complete the Intersection Improvements (collectively "Intersection Costs"), including, but not limited to, costs for planning, design, engineering, inspection, attorney's and administration fees, bidding, supervision and construction, shall be paid by Developer as the same are incurred. Specifically, Developer shall directly reimburse the City for all Intersection Costs within thirty (30) days after delivery of a request for such reimbursement accompanied by invoices or other evidence in reasonably sufficient detail itemizing all Intersection Costs incurred by the City to date and not previously reimbursed or paid by the Developer. If Developer fails to reimburse or pay the City any amount due for the Intersection Costs within the thirty (30) day period provided in this Paragraph, the unpaid amount shall bear interest at the rate of 1.5% per month until paid. In addition, if Developer fails to c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 6 - payor reimburse the City for Intersection Costs due under this Paragraph C, all such unpaid amounts shall be assessed against the Real Property (except for the Three-Acre Open Space Parcel) as a special assessment repayable in installments at a rate of interest and upon such terms and conditions as are determined by the City in accordance with the City's standard practices for residential special assessment projects as in effect at the time of the assessment, except that 100 percent of all such unpaid Intersection Costs due to the City shall be assessed against the Real Property. Developer agrees to waive and does hereby waive any and all rights of hearing, objection or appeal to or from such special assessments to be levied against the Real Property, and agrees the City shall be entitled to assess the Real Property (except for the Three-Acre Open Space Parcel), for such unpaid Intersection Costs in accordance with Minnesota Statutes Chapter 429. 7. Amendments to Para!!raDh 12 of PUD A!!reement. Paragraph 12 of the pun Agreement is amended as follows: a. The last sentence of Paragraph 12., D., is modified to read as follows: "Developer shall incorporate in the Plans all mitigative measures as identified in the updated Alternative Urban Area-Wide Review Mitigation Plan dated April 6, 2006, as adopted by the City Council on May 16, 2006, and in the December 2006 Update to the May Updated AUAR for the Excelsior Crossings office development dated December 1, 2006, as adopted by the City Council on " b. Developer agrees that all of the Park Dedication Fees to be paid by Developer in accordance with the provisions of Paragraph 12., I., are due and payable to the City, in full, at the time of the City's execution and release of the Plat to Developer, provided Developer shall be entitled to withhold payment of $25,000.00 of said Park Dedication Fees pending final determination of the actual costs incurred by Developer in constructing the public trail around the storm water pond located within the Three-Acre Open Space Parcel. At such time as the actual costs of constructing such public trail have been determined, as provided in Paragraph 12., I., Developer shall be entitled to deduct such costs from the $25,000.00 balance of the Park Dedication Fees and the unpaid balance of such Park Dedication Fees, if any, shall then c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 7 - be promptly paid to the City. In no event shall Developer be entitled to a credit of more than $25,000.00 for the cost of constructing the public trail around the storm water pond located within the Three-Acre Open Space Parcel, nor shall the City be responsible for payment of any of the costs associated with construction of such public trail. c. The City acknowledges it has approved the form of Declaration submitted to the City by Developer on December _, 2006. 8. Inte!!ration. This Amendment is incorporated in and made a part of the PUD Agreement in its entirety. The PUD Agreement shall remain in effect in all of its terms, covenants and conditions as modified by this Amendment. IN WITNESS WHEREOF, Developer and the City have executed this Amendment as of the date and year first above written. OPUS NORTHWEST, L.L.C. By David J. Menke Its Vice President, Real Estate Development STATE OF MINNESOTA ) ) SSe COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this day of , 2007, by David 1. Menke, the Vice President of Opus Northwest, L.L.C., a limited liability company under the laws of the State of Delaware, on behalf of the limited liability company. Notary Public c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 8 - CITY OF HOPKINS By Eugene J. Maxwell Its Mayor By Richard B. Getschow Its City Manager STATE OF MINNESOTA ) ) ss COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this day of , 2007, by Eugene J. Maxwell, the Mayor, and Richard B. Getschow, the City Manager, of The City of Hopkins, a municipal corporation, under the laws of the State of Minnesota, on behalf of the municipal corporation. Notary Public THIS INSTRUMENT WAS DRAFTED BY: Steiner & Curtiss, P .A. 400 Wells Fargo Bank Building 1011 First Street South Hopkins, Minnesota 55343 c:\Hopciv\Opus PUD Agmt Amend. 122606.redline - 9 - STEINER & CURTISS, P.A. ATTORNEYS AT LAW 400 WELLS FARGO BANK BUILDING 1011 FIRST STREET SOUTH HOPKINS, MN 55343 JEREMY S. STEINER* WYNN CURTISS JASON T. HUTCmSON *Real Property Law Specialist, certified by the Minnesota State Bar Association Writer's Direct Dial No. 952-938-6219 (952) 938-7635 FAX (952) 938-7670 MEMORANDUM TO: Honorable Mayor and City Council Members City of Hopkins FROM: Jeremy S. Steiner, Esq. DATE: December 29, 2006 RE: Amendment to PUD/Development Agreement for Excelsior Crossings The purpose of this Memorandum is to summarize the terms and conditions of the proposed Amendment To PUD/Development Agreement ("Amendment") between the City of Hopkins and Opus Northwest, LLC ("Opus") for the Excelsior Crossings development. On August 14, 2006, Opus and the City entered into the PUD/Development Agreement ("PUD Agreement") to document the terms and conditions of the City's approval of the PUD zoning for the Excelsior Crossings development. Paragraph 1 of the PUD Agreement states that the development is to occur in phases, that Opus may not proceed with construction of buildings and other improvements for any phase of the development until site plan and plat approval has been obtained from the City and that, at the time of plat or site plan approval for each phase of development, Opus and the City are to enter into an Amendment to the PUD Agreement "stating the particular terms, covenants and conditions attached to the City's approval for each phase of development." Opus has now applied for approval of the plat of Excelsior Crossings and the site plans for the fust three phases of development. The Amendment documents the following specific terms and conditions attached to the City's approval of the plat and site plans: 1. Non-Conforming Lots. The proposed lots and outlots in the plat of Excelsior Crossings are irregular in shape and do not conform with the standards stated in Section 500.55 of the c:\Hopkins.Opus\Mayor Council Memo re PUD Amend. 122906 ~ 1 - -..--.-r-.---..~.._----~~--.-.-.-.~....~~-IITrlfl."-~--.,-."-"'~'---~~r-I-"'-~~"-':' _....-.-.-~-""-._-.,---, ...-,-.,..----.,--.. -..... ,......_......--IErf~..-..-_. -- ..-,' .".. ..-.-..---. ---_. ---~--.---- ---..~-rT-l.-..-------- .,... ---. Hopkins City Code as to the shape and dimensions of platted lots. The City Council is authorized to permit these non-conforming lots within the pun District for Excelsior Crossings by means of an Amendment to the PUD zoning, as opposed to considering the granting of a variance from the standards of the City's subdivision ordinance. The PUD ordinance gives the City Council the flexibility to deviate from standards such as those in the subdivision ordinance through PUD zoning, but requires that the City Council conduct a public hearing before approving these non-conforming lots as permitted within the PUD District for Excelsior Crossings. Paragraph 2 of the Amendment simply documents the Council's approval of the non-confirming lots in the Excelsior Crossings plat as permitted within the PUD zoning district. 2. Authority to Proceed with Construction. Paragraph 3 of the Amendment documents the Council's approval of the site plans for the first three phases of development and authorizes Opus to proceed with construction, subject to all applicable ordinances, codes, statutes and regulations. Paragraph 3 also provides that Opus is not required to proceed with development of the third building (Building C) at this time. 3. Public Imorovement Construction. Paragraph 4 documents the requirement that Opus construct certain public improvements at the same time as it completes construction of the first Building (Building A). The specific public improvements to be completed by Opus at this time are: a. All of the ponds and storm water management improvements that are to be constructed within the entire Excelsior Crossings development as shown on the approved plans. b. The regional storm water retention and treatment facility to be constructed on the approximately three-acre parcel located north of Second Street NE, which is to be transferred to the City following completion of those improvements. c. The public trail to be constructed around the stonn water pond on the approximately three-acre parcel located north of Second Street NE. 4. Identification of Plans. Paragraph 5 of the Amendment modifies Paragraph 3 of the pun Agreement to identify all of the plans that have now been submitted by Opus for City approval of the first three phases of the development. Because this is a phased development, and because Opus had not committed to a schedule for commencement of development when the PUD Agreement was signed in August, it is necessary to modify Paragraph 3 of the PUD Agreement to describe the approved plans for the frrst three phases of development. 5. Intersection Construction. Paragraph 6 of the Amendment modifies Paragraph 4, C, of the PUD Agreement relating to construction of the intersection improvements at the main entrance to the Excelsior Crossings development located at the intersection of Jackson Avenue and 81. Louis Street. The pun Agreement provides that the City is to construct c:\Hopkins.Opus\Mayor Council Memo re PUD Amend. 122906 . 2 - ""''''.---'-!''- M'__'__'___'_~ ._"---.,-".~-,,. ~"'-"""""I'l"fl'r"--'...'-~M--' -~ .----.~" ~ --n~r'r~ I"~~ -..~ '1' '"_.. ----.-.-,---. ,,- "'"...-----~--....._'-'--..-..----"~-.-..-.-'lV'T-~-.- ---..-. ,,--,. -..-.".-..--....-....---...- _...._.._...-'~T'1.-r~..---.,,---- these intersection improvements as a public improvement project and that the cost of completing the intersection improvements will be levied against all of the property in the development and repaid as a special assessment. Construction of these intersection improvements was to occur no later than when Phase III of the development is built or the required warrants are met for the intersection, or earlier, if Opus elected to require the City to construct the intersection improvements at an earlier date. City staff is in the process of negotiating a modification to paragraph 4, C, of the PUD Agreement that will provide the City will construct the intersection improvements at an earlier date, based upon anticipated traffic levels from either Phase I or Phase II of the development. The specifics of this change to Paragraph 4, C, have not yet been finalized. The Amendment also modifies Paragraph 4, C, to state that Opus will directly reimburse the City for all of the costs associated with construction of the intersection improvements at the time the City incurs those costs instead of using the special assessment process to recover the costs. 6. Other Amendments. Paragraph 7 of the Amendment documents that the Plans for the Project will incorporate all of the "mitigative measures" identified in the original ADAR dated April 6, 2006, and any additional "mitigative measures" identified in the updated AUAR dated December 1,2006. Paragraph 7 also provides that Opus will pay the park dedication fees totaling $330,900.00, minus a credit not to exceed $25,000.00 for trail construction, when the City executes and releases the plat of Excelsior Crossings to Opus. Finally, Paragraph 7 documents that the City has approved the private Declaration of Reciprocal Easements, Covenants, Conditions and Restrictions previously submitted to the City by Opus for approval. . JSS c:\Hopkins.Opus\Mayor Council Memo re PUD Amend. 122906 - 3 - ._-'"'-'r'---"~-'-"'.""--~-'-'--'------lI'rm<~+"-'--"-,."....._._-,..._....._.._._.-~-I-.r--~~l r-' '..'--'--'.'''.'- .... .....-.... '- --..---- -------- - .-..-lll!rr..... ..- _..__wo_....~_.___ ---." -_._.---~-r~rT""'----