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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2022-034 <br />A RESOL UTION APPRO DING THE FIRST AMENDMENT TO THE DEVELOPMENT <br />AGREEMENT FOR CROSSROADS EAST I ST 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, Airlake Development, Inc., a Minnesota corporation and Crossroads East, <br />LLC, a Minnesota limited liability company (collectively, the "Developer") previously submitted <br />an application to the City of Lake Elmo (the "City") for a final plat for Crossroads East Is' <br />Addition; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2021-115 on November <br />3, 2021 approving the final plat for Crossroads East 1st Addition; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2021-134 on December <br />7, 2021, approving the Development Agreement for Crossroads East Is' Addition; and <br />WHEREAS, The Developer has subsequently requested that the City allow it to proceed <br />with vertical construction of the buildings on the platted property prior to completion of the public <br />improvements; and <br />WHEREAS, the City is willing to agree to allow vertical construction of the buildings on <br />the platted property prior to the completion of the public improvements provided that the <br />Developer agree to enter into an amendment to the approved Development Agreement. <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 Crossroads <br />East 1 st Addition and authorizes the Mayor and City Clerk to execute the First Amendment. <br />Passed and duly adopted this 5"' day of April 2022 by the City Council of the City of Lake Elmo, <br />Minnesota. f J .� <br />�C/ 1 <br />C"fiarles Cadenhead, Mayor <br />A EST: <br />J ie ohns n ity Clerk <br />LA515-57-755583.v 1 <br />