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January 25, 2011 Page 5 of 7 <br />work staff has done to address his questions from the previous meeting. <br />Motion by CouncilmemberPhillips; seconded by Councilmember Burg to approve the revised <br />development agreement <br />5 Ayes, 0 Nays - Motion Carried <br />3. Consideration of a Letter of Credit Agreement with The View at Long Lake, <br />LLC. ReportNo. 11-037. Resolution No. 11-012. <br />Director of Community Development Grant Fernelius reported the resolution defines terms of <br />the letter of credit, and reminded council this is separate from the development agreement. <br />Motion by Councilmember Phillips, seconded by Councilmember Samuelson to Fetter of Credit <br />Agreement with the View at Long Lake LLC. <br />1 5 Ayes, 0 Nays -Motion Carried <br />4. Finn Daniels Architects on behalf of The Stuart Company request approval of <br />a Preliminary & Final Plat, Preliminary & Final Planned Unit Development, <br />and Site Plan to allow construction of a 124 unit apartment building within the <br />Northwest Quadrant, 1300 Northwest Parkway. Report No. 11-038. <br />Resolution No. 11-013 and 11-014. <br />City Planner Janice Gundlach explained three items will be considered; a Plat, site Plan and <br />Planned Unit Development. The request is for a 4 story 124 unit multi family residential <br />building. Units range from $850 to $2200 monthly rents. It was explained that two lots <br />would be combined into one lot. The Site Plan Analysis and the Planned Unit Development <br />was reviewed, the landscape plan meets all requirements of the Northwest Quadrant Zoning <br />code. A PUD declaration will be required; this will govern the development of the site. <br />Computer generated photos of the project were displayed. The Planning Commission held a <br />Public Hearing on December 21, 2010. One verbal inquiry was received from the Ramsey <br />County Park Department, and they were satisfied with the response regarding building <br />height. <br />Councilmember Bauman questioned if the underground parking was one way traffic. City <br />Planner Gundlach explained there is adequate space for a double wide drive aisle. <br />Councilmember Bauman question if the HVAC units will generate notice for the residents. <br />City Planner Gundlach reported that will not be an issue. Councilmember Phillips stated he <br />is pleased with the project, and with the architect. <br />3. Consideration of <br />a Letter of Credit <br />Agreement with <br />The View at Long <br />Lake, LLC. Report <br />No. 11-037. <br />Resolution No. 11- <br />012. <br />Finn Daniels <br />chitects on behalf <br />The Stuart <br />mpany request <br />Iroval of a <br />;liminary & Final <br />I, Preliminary & <br />ial Planned Unit <br />velopment, and <br />e Plan to allow <br />tstruction of a 124 <br />wilding within the <br />lorthwest Quadrant, <br />teport 11-038. <br />tesolution No. <br />1-013 & 11-014. <br />