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CITY OF LINO LAKES <br />RESOLUTION NO.21-41 <br />RESOLUTION APPROVING DEVELOPMENT AGREEMENT <br />FOR OTTER CROSSING <br />WHEREAS, the City Council approved the final plat for Otter Crossing with Resolution No. 21- <br />40 on May 10, 2021; and <br />WHEREAS, the City's subdivision ordinance and conditions of approval require the execution <br />of a development agreement between the Developer and the City of Lino Lakes. <br />NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes <br />hereby approves the Development Agreement between BLino, LLC and the City of Lino Lakes <br />for Otter Crossing and authorizes the Mayor and City Clerk to execute such agreement on behalf <br />of the City. <br />Adopted by the Council of the City of Lino Lakes this 1 Oth day of May, 2021. <br />The motion for the adoption of the foregoing resolution was introduced by Councilmember <br />Lyden and was duly seconded by Councilmember Ruhland and upon vote being taken thereon, <br />the following voted in favor thereof: Lyden, Ruhland, Stoesz, Cavegn, Rafferty <br />The following voted against same: None <br />oj� 0 r % I Z�A <br />Rob Rafferty, Mayor <br />ATTEST: <br />Ju ' e Bartell, Ci Clerk <br />