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03-10 Resolution No. 11725 RESOLUTION NO. 11725 RESOLUTION APPROVING A CONSTRUCTION AGREEMENT FOR A PLANNED PARKING STRUCTURE FOR AUDI RICHFIELD AT 1401 77TH STREET EAST WHEREAS, on April 28, 2015, the City Council approved a comprehensive plan amendment, rezoning, and a resolution authorizing a planned unit development, conditional use permit, and final development plans to allow Audi Richfield ("Developer") to build a new car dealership at 1401 77th Street East ("Property"); and WHEREAS, the minimum required building coverage in the Mixed Use—Regional Zoning District is 50 percent. The Developer's proposal included building coverage of only 29 percent of the site; and WHEREAS, during the application process with the City, Developer represented it had plans to build a multi-story parking ramp on the Property, but indicated it would prefer to wait and assess its business for the future rather than construct the parking ramp immediately, because the anticipated volume of business for a newly opened automobile dealership did not justify the construction of a parking ramp. Developer represented that addition of the parking ramp would increase the building coverage on the site to approximately 44 percent; and WHEREAS, Developer agreed that it would construct a parking ramp on the Property within five years of the City's land use approvals and was willing to stipulate to this as a condition in the Conditional Use Permit (City Council Resolution No. 11075); and WHEREAS, Developer has not submitted plans for construction of the parking ramp and now wishes to extend the deadline for completion by up to five additional years. NOW, THEREFORE, BE IT RESOLVED, by the City Council that the City of Richfield enter into a Construction Agreement ("Agreement") with ARB L.L.C. d/b/a AUDI RICHFIELD for the purposes of completing construction of a parking ramp on the Property no later than April 28, 2025, subject to all terms stated in the Agreement. BE IT FURTHER RESOLVED that the Mayor and the City Manager are authorized to execute the Agreement and any amendments to the Agreement. Adopted by the City Council of the City of Richfield, Minnesota this 10th day of March, 2020. V‘ ' Maria Regan Gonzal -, ayor ATTEST: tih Elizabeth VanHo. e, City Clerk