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4. That the Preliminary Plat and Preliminary PUD Plan are generally consistent with the City's engineering standards with exceptions as noted in the City Engineer's memorandum dated May 8, 2019. 5, The Preliminary PUD Plan meets the minimum requirement for a PUD including minimum lot area, open space and street layout. 6. The Preliminary PUD 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 Preliminary PUD Plan meets the expected residential density requirements provided by the 2040 Comprehensive Plan's Land Use Map designation (mixed -use commercial) for this site. 8. That the preliminary PUD Plan includes several amenities that may be worthy of amenity points to increase the overall housing density in the development. These amenities may include: right-of-way dedication, contained parking, pedestrian improvements, a plaza (gathering area) and the use of design elements consistent with the 2013 Lake Elmo Branding and Theming project. 9. That the Applicant's preliminary PUD plan provides the following amenities, for which the City hereby awards the following amenity points: a. Theming elements from the Lake Elmo Theming Study (2 points). b. Plaza/gathering location (5 points). c. Contained Parking (5 points) d. Pedestrian improvements (5 points) NOW, THEREFORE, BE IT RESOLVED THAT the City Council does hereby approve the Preliminary Plat and Preliminary PUD Plans for the Springs Apartments on Hudson Boulevard as prepared by Continental 483 Fund LLC subject to the following conditions: 1. That the Metropolitan Council give final approval of the City's 2040 Comprehensive Plan Update and adoption of the final version of the 2040 Comprehensive Plan by the Lake Elmo City Council. The City's final plat approval will be good for 120 days after the Met Council's approval of the City's 2040 Comprehensive Plan update or for 120 days after the City Council's approval of the final plat, whichever comes later, 2. That the City approves a Zoning Map Amendment to rezone the site from RT (Rural Development Transitional) to HDR (Urban High Density Residential).