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10 <br />law-mmomma <br />RESOLUTION NO.2018-09 <br />A RESOL UTION APPR0 VING THE LSEVEL OPER 'S A GREEME NTFOR THE THIRD 'H <br />OF THE BOULDER PONDS PLAAWED RESIDENTIAL DEVELOPMENT <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing <br />under the laws of the State ofMinnesota; and <br />WHEREAS, CP4 Boulder Ponds, L,LC, coo Excelsior Group, LLC 1600 Highway 100 <br />S, Ste 400 St. Louis Park, MN 55416 ("Applicant"), has previously submitted an application to <br />the City of Lake Elmo ("City") for a Final Plat for Boulder Ponds, and <br />WHEREAS, S, the Lake Elmo City Council considered and approved the Preliminary flat <br />request for Boulder Ponds at a meeting held. on September 16, 2014and <br />WHEREAS, The Lake Elmo City Council adopted Resolution No. 201 - 65 on .tune 19, <br />2018 approving the Final Plat for Boulder fonds Yd Addition and <br />WHEREAS, A condition of said Resolution No. 2018-065 establishes that, prior to the <br />execution of the Final Plat by City officials, the Applicant is to enter into a Developer' <br />Agreement with the City; and <br />WHEREAS, the Applicant and City have agreed to enter into such a contract, and a copy <br />of the Developer's Agreement was submitted to the City Council for consideration at its August <br />, 2018 meeting. <br />NOW, THEREFORE, based on the information received, the City Council of the City <br />of Lake Elio does hereby approve the Developer's Agreement for Boulder Ponds Yd Addition <br />and authorizes the Mayor and City Clerk to execute the document. <br />Passed and duly adopted this 'n day of August 2018 by the City Council of the City of Labe' <br />Elmo, Minnesota, <br />r <br />Mike Pearson., Mayor <br />TEST: <br />T lie olulson ty Clerk- <br />