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Resolution 1099-19 Page 4 of 5 Finding: The proposed 128 -unit apartment building fits a need for additional market -rate housing, as demonstrated by a housing study submitted by the Developer, and completed by Viewpoint Consulting Group, dated April 23, 2018. The study supports a need for 130 —173 market -rate apartment units between the years 2017-2022 within the Mounds View area, to capture 15% - 20% of the unmet demand within the area. 5. The use is consistent with the purposes of the Zoning Code and the purposes of the zoning district in which the applicant intends to locate the proposed use. Finding: The proposed 128 -unit apartment building is consistent with the purposes of a Planned Unit Development. 6. The use is not in conflict with the Comprehensive Plan of the City. Finding: The Comprehensive Plan (2008) guides these properties as Mixed Use PUD. The proposed apartment building is consistent with the residential component of the Mixed -Use designation. The use will not cause traffic hazards or congestion. Finding: The addition of a 128 -unit apartment building will significantly increase local traffic. Careful consideration was made on the appropriate location of the property's driveway access, with consultation from Ramsey County and the City Engineer. The proposed location on Edgewood Drive will have the least impact on the greatest number of residents and users. 8. Adequate utilities, access roads, drainage and necessary facilities have been or will be provided. Finding: Adequate utilities, roads, and drainage facilities exist, or will be constructed as part of the project. WHEREAS, Prior to the issuance of any building permits, the Developer shall submit a Landscape Escrow to the City, or other surety acceptable to the City Attorney, in an amount equal to 150% of the estimated cost of landscape materials and labor. The City may hold this in a non-interest bearing account. Landscaping shall be completed prior to a Certificate of Occupancy (C/O) being issued. On or about one year after the C/O is issued and landscaping is completed, landscaping shall be inspected by Staff. Any landscaping that has not survived or is in poor health, shall be replaced by the Developer. The City shall refund the escrow, but may withhold a proportionate amount until one-year after the replaced landscape materials have been inspected and determined satisfactory.