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CITY OF LAKE E <br />AS II GTON COUNTY' <br />STATE OF MINNESOTA <br />LAKE ELMOJF�L PLAT <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing under the <br />laws of the State ofMinnesota; and <br />WHEREAS, Continental 483 Fund :,LC (Continental), Menominee Falls, Wisconsin <br />("applicant") has previously submitted an application to the City of Lake Elmo ("City") for a Final Plat <br />for Springs of Lake Elmo; and <br />WHEREAS, the Lake Elmo City Council approved the 300-unit Springs of Lake Elmo <br />Preliminary Plat and Preliminary PUD on June 18, 2019; and <br />WHEREAS, Continental is now proposing to final plat the 3 0-unit Springs of Labe Elmo <br />residential development; and <br />WHEREAS, the Lake Elmo City Council adopted resolution 201 - 072 on October 1, 2019 <br />approving the Find Plat for the Springs of Lake Elmo addition; and <br />WHEREAS, a condition of approval of said Resolution 2019-072 establishes that prior to <br />execution of the Final Plat by City officials, the Applicant shall enter into a Developer's Agreement with <br />the City; and <br />WHEREAS, the Applicant and the City have agreed to enter into such a contract and a copy of <br />the Developer's Agreement was submitted to the City Council for consideration at its December 17, 2019 <br />meeting <br />NOW, THEREFORE, BE IT RESOLVED THAT the City Council does hereby approve the <br />Developer's Agreement for Springs of Lake Elmo Addition and authorizes the Mayor and City Clerk to <br />execute the document. <br />Passed and duty adopted this 171 day of December, 2019 by the City Council of the City of Lake Elmo, <br />Minnesota: <br />Pea <br />rson, ' e arson, Mayor <br />ZliEST: <br />f <br />Johnson, Clerk <br />