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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 2024-089 <br />A IESOL I TION APPRO VING THE DEVELOPMENT AGREEMENT FOR PRAIRIE SKY- <br />TWEV110MES <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, Landucci Construction, LLC. a limited liability company (the "Applicant") <br />previously submitted an application to the City for a final plat and final PUD plan for Prairie Sky <br />Twinhomes; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2023-076 on August <br />15, 2023 approving the final plat and final PUD plan for Prairie Sky Twinhomes (the <br />"Resolution"); and <br />WHEREAS, the conditions of approval of the final plat and final PUD plan in the <br />Resolution included a requirement that the Applicant enter into a development agreement <br />acceptable to the City Attorney and approved by the City Council that delineates who is <br />responsible for the design, construction, and payment of the required improvements with financial <br />guarantees therefore; and <br />NOW, THEREFORE, the City Council of the City of Lake Elmo hereby: <br />1. Approves the Development Agreement for Prairie Sky Twinhomes and authorizes the <br />Mayor and City Clerk to execute it. The City Attorney is authorized to insert or modify <br />Exhibits of the Development Agreement as needed. <br />Passed and duly adopted this 20th day of August, 2024 by the City Council of the City of Lake <br />Elmo. Minnesota. <br />Charles Cadenhead, Mayor <br />j T: <br />T Jlic ohns n-,V1yjClerk <br />LA515-119-856339A <br />