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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 2021- 077 <br />A RESOL UTION APPROVING FIRST AMENDMENT TO DEVELOPMENT AGREEMENT FOR <br />ROYAL GOLF CLUB AT LAKE ELMO 2ND ADDITION <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing <br />under the laws of the State of Minnesota; and <br />WHEREAS, Royal Development Inc., 11074 Radisson Road NE, Blaine, MN 55449 (the <br />"Applicant") has previously submitted an application to the City of Lake Elmo (the "City") for a <br />final plat for Royal Golf Club at Lake Elmo 2°d Addition; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2018-062 on June 19, <br />2018 approving the final plat for Royal Golf Club at Lake Elmo 2"d Addition; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2018-064 on June 19, <br />2018, approving the Development Agreement for Royal Golf Club at Lake Elmo 2nd Addition; and <br />WHEREAS, the Applicant and City have agreed to amend Section 28 (F) of the approved <br />Development Agreement so the Developer may make the required $1,000,000 cash donation to <br />the City Parks fund either before the City issues any building permits for the 3'd Addition OR all <br />or a portion of the Yd Addition is conveyed by Royal Development to another developer, <br />whichever comes first; and <br />NOW, THEREFORE, based on the information received, the City Council of the City of <br />Lake Elmo does hereby approve the First Amendment to Development Agreement for Royal Golf <br />Club at Lake Elmo 2nd Addition and authorizes the Mayor and City Clerk to execute the agreement. <br />Passed and duly adopted this 61h day of July 2021 by the City Council of the City of Lake Elmo, <br />Minnesota. <br />i y <br />Charles Cadenhead, Mayor <br />ATTEST: <br />100 <br />hns ,City Clerk <br />Resolution 2021 <br />