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April 4, 2022 Honorable Mayor Charles Cadenhead Honorable Council Member Katrina Beckstrom Honorable Council Member Dale Dorschner Honorable Council Member Jeff Holtz Honorable Council Member Lisa McGinn City of Lake Elmo 3800 Laverne Ave North Lake Elmo, MN 55042 RE: Public Comment- Moratorium- Water System Low Pressure Zone Dear Mayor Cadenhead and Members of the City Council: I am writing this letter on behalf of the Peltier family to formally object to the proposed Ordinance No. 2022-03, which would establish a moratorium on platted development with the water system low pressure zone. The Peltier family owns an approximately 60 acre tract of land located on the northwest corner of Hudson Blvd and Lake Elmo Ave (PID Numbers: 35.029.21.44.0006 & 35.029.21.43.0001). We respectfully ask Mayor Cadenhead and members of City Council to either not adopt the moratorium or amend the moratorium to allow our property to continue with the City Entitlement process based on the below information. Early in 2021, the Peltier family entered into a dialog with the City of Lake Elmo regarding a development path for the above mentioned land. It was our understanding that the land was able to be developed on the condition that a water tower location that wa§ acceptable to the city be met. So we agreed to work with the city on an agreeable water tower location while also identifying Tamarack Land Development as a good partner moving forward. A purchase agreement with Tamarack Land Development was signed in May of 2021 and the process continued with the city. Tamarack has worked with city staff for the past 10 months on developing plans that would satisfy the city but also lead to a successful development that all can be proud of. The concept has changed a number of times based on city feedback and we've continued to be a good partner throughout. Tamarack has spent a great deal of time and a sizable amount of money on the project to date. During the beginning stages of the development process with the city, the city identified a portion of the Peltier family property as the ideal location for the future water tower. Although this location is not ideal for us, we decided to be good partners and ultimately agreed to sell the site for $50,000, which is well below what current values are for this property if sold to a developer. But in the interest of moving forward with the city and in turn helping solve a significant issue, we agreed to the price and the location. The water tower site was recently sold and we received the moratorium letter the very next day. The potential for a moratorium was never mentioned during any of the water tower discussions and the city continued to tell us that if the water tower solution was met, we could continue down the development path.