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CITY OF LINO LAKES <br /> RESOLUTION NO.22-07 <br /> RESOLUTION APPROVING DEVELOPMENT AGREEMENT <br /> FOR MTO PROPERTIES ADDITION <br /> WHEREAS,the City Council approved the final plat for MTO Properties Addition with <br /> Resolution No. 22-06 on January 10, 2022; 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 MTO Properties LLC and the City of <br /> Lino Lakes for MTO Properties Addition and authorizes the Mayor and City Clerk to execute <br /> such agreement on behalf of the City. <br /> Adopted by the Council of the City of Lino Lakes this 1 Oth day of January, 2022. <br /> The motion for the adoption of the foregoing resolution was introduced by Councilmember <br /> Stoesz and was duly seconded by Councilmember Cavegn and upon vote being taken thereon, <br /> the following voted in favor thereof. Ruhland, Cavegn, Stoesz,Rafferty <br /> The following voted against same: None (Absent Lyden) <br /> 41 , P-- 'k <br /> Rob Rafferty, Mayor <br /> ATTEST: <br /> Bartell, City lerk <br />