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HomeMy WebLinkAbout2022-007 Council Resolution CITY OF LINO LAKES RESOLUTION NO.22-07 RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR MTO PROPERTIES ADDITION WHEREAS,the City Council approved the final plat for MTO Properties Addition with Resolution No. 22-06 on January 10, 2022; and WHEREAS,the City's subdivision ordinance and conditions of approval require the execution of a development agreement between the Developer and the City of Lino Lakes. NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes hereby approves the Development Agreement between MTO Properties LLC and the City of Lino Lakes for MTO Properties Addition and authorizes the Mayor and City Clerk to execute such agreement on behalf of the City. Adopted by the Council of the City of Lino Lakes this 1 Oth day of January, 2022. The motion for the adoption of the foregoing resolution was introduced by Councilmember Stoesz and was duly seconded by Councilmember Cavegn and upon vote being taken thereon, the following voted in favor thereof. Ruhland, Cavegn, Stoesz,Rafferty The following voted against same: None (Absent Lyden) 41 , P-- 'k Rob Rafferty, Mayor ATTEST: Bartell, City lerk