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HomeMy WebLinkAbout2022-089 Council Resolution CITY OF LINO LAKES RESOLUTION NO. 22-89 RESOLUTION APPROVING FIRST AMENDMENT TO DEVELOPMENT AGREEMENT FOR BELLAND FARMS WHEREAS,the City Council approved the Development Agreement for Belland Farms with Resolution No. 22-04 on January 10, 2022; and WHEREAS,the City has entered into an agreement with Metropolitan Council to construct a meter vault and the Belland Farms Development is the first be served by the trunk sanitary sewer which requires metering. Rehbein Properties, the Developer,through its contractor agrees to install the Meter Vault as part of its sanitary sewer work on the Belland Farms project; and WHEREAS, The City will reimburse the Developer, Rehbein Properties for 100%of the contract work. The reimbursement shall be applied as credit towards any trunk fees payable by the developer. Any remaining balance shall be paid directly to the developer. NOW, THEREFORE BE IT RESOLVED by The City Council of the City of Lino Lakes hereby approves the First Amendment to Development Agreement between Rehbein Properties and the City of Lino Lakes for Belland Farms and authorizes the Mayor and City Clerk to L execute such agreement on behalf of the City. Adopted by the Council of the City of Lino Lakes this 12th day of September, 2022. The motion for the adoption of the foregoing resolution was introduced by Councilmember Stoesz and was duly seconded by Councilmember Lyden and upon vote being taken thereon,the following voted in favor thereof: Lyden, Cavegn, Stoesz, Rafferty The following voted against same: None (Absent- Ruhland) fL ' Ro afferty, Mayor ATTEST: r ,/ t,.-1 a e Bartell, City Jerk