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5. The PUD Concept Plan meets the minimum requirement for a PUD including minimum lot area, open space and street layout. 6. The PUD Concept Plan meets more than one of the required PUD objectives identified in Section 154.751 including providing: innovation in land development techniques that may be more suitable for a given parcel than conventional approaches; provision of a more adequate, usable, and suitably located open space, recreational amenities and other public facilities than would otherwise be provided under conventional land development techniques; accommodation of housing of all types with convenient access to employment opportunities and/or commercial facilities; and especially to create additional opportunities for senior and affordable housing; coordination of architectural styles and building forms to achieve greater compatibility within the development and surrounding land uses; and higher standards of site and building design than would otherwise be provided under conventional land development technique. 7. The PUD Concept Plan meets the expected residential density requirements provided by the 2040 Comprehensive Plan's Land Use Map designation (mixed -use commercial) for this site. NOW, THEREFORE, BE IT "SOLVED THAT the City Council does hereby approve the Concept PUD Plans for the Springs Apartments on Hudson Boulevard as prepared by Continental 483 Fund LLC subject to the following conditions: 1. Approval of a City's 2040 Comprehensive Plan Update by the Metropolitan Council and adoption of the final version of the 2040 Comprehensive Plan by the Lake Elmo City Council before the applicant may submit final plat and final PUD approval applications to the City for consideration. As an alternative, the applicant, at their own risk, may submit applications to the City for the preliminary plat and preliminary PUD approvals for this site such that the City's review of these requests would am concurrently with the Met Council's review and final approval of the 2040 Comprehensive Plan. All development plans and City reviews and approvals for this site would be contingent on the City receiving final approvals of the 2040 Comprehensive Plan. 2. That the applicant prepare any future preliminary plat and preliminary PUD plans showing all of the site perimeter property lines - including any revisions necessary for the right-of-way for the north -south street and all additional right-of-way needed for Hudson Boulevard as the proposal only includes a portion of the parcel with the PID# 34,029,21.43.0003, 3. That the future preliminary plat and preliminary PUD Plans submittal identify all requests for flexibility from the Zoning Code. 4. That the applicant address all comments in the City Engineer's Memorandum dated January 28, 2019 with the future preliminary plat and -preliminary PUD Plans submittal. 5. That the Preliminary Plat and PUD Plans submittal include a complete tree inventory and tree preservation/replanting and landscape plans to be reviewed and approved by the City's Landscape Architect. 6. That the Preliminary Plat and PUD Plans submittal include accurate open space and impervious surface calculations. 2 Resolution 2019-017