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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2024-080 <br />A RESOL UTIONAPPR 0VING FIRST AMENDMENT TO DEVELOPMENT AGREEMENT FOR <br />EASTON VILLAGE 6THAND 7THADDITIONS <br />WHEREAS, the City of Lake Elmo (the "City") is a municipal corporation organized and <br />existing under the laws of the State of Minnesota; and <br />WHEREAS, Chase Development, Inc., a Minnesota corporation (the "Developer") and <br />the City entered into that certain Development Agreement on April 8, 2024 (the "Development <br />Agreement") relating to the development of Easton Village 6th Addition and Easton Village 71h <br />Addition; and <br />WHEREAS, the Developer and City have agreed to amend the approved Development <br />Agreement in order to allow for the Developer to obtain a building permit and a certificate of <br />occupancy for Lot 1, Block 1 in Easton Village 6th Addition prior to completing the subdivision <br />improvements in Easton Village 7th Addition; 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 and authorizes <br />the Mayor and City Clerk to execute the First Amendment to Development Agreement with a <br />condition that any outstanding escrows for any of the Easton Village additions be paid by the <br />Developer prior to execution of this Amendment by the City. <br />Passed and duly adopted this 2nd, day of July, 2024 by the City Council of the City of Lake Elmo, <br />Minnesota. <br />Charles Cadenhead, May <br />ATTEST: <br />V�10 <br />ohns, Clerk <br />LA515\89\960022A <br />