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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />November 25, 2024 <br /> <br />City of Lake Elmo <br />3880 Laverne Avenue North <br />Lake Elmo, MN 55042 <br /> <br /> <br /> <br />RE: Bridgewater Village Development Agreement – proposed amendment language <br /> <br /> <br />Dear Mr. Mayor and members of the Council <br /> <br /> <br />I am writing to bring to your attention a crucial issue regarding the Bridgewater Village Development <br />Agreement. Due to unforeseen delays in the entitlement process, our contractors are facing challenges <br />in completing the site construction work required for the release of a building permit for Lot 2, Block 2 <br />before the onset of winter. This has necessitated a proposed amendment to Section 25 of the <br />Development Agreement. <br /> <br />Specifically, we are requesting an amendment to Section 25.B to allow for the use of a gravel road <br />instead of a bituminous road for construction and emergency access for Lot 2, Block 2, which will be <br />occupied by the Developer, Bridgewater Bank. Additionally, we are proposing an amendment to Exhibit <br />C to depict the location of the gravel access road. We assure you that the developer and contractor will <br />collaborate closely with city staff to ensure that the construction traffic utilizing the access road will not <br />pose any risk to utilities during the winter months. <br /> <br />We understand the significance of adhering to the terms of the Development Agreement and are <br />committed to working diligently to address this issue in a timely and professional manner. Your <br />consideration of this proposed amendment is greatly appreciated. <br /> <br /> <br /> <br />Best Regards, <br /> <br /> <br /> <br />Jerry Baack <br />Bridgewater Bank <br />Chairman & CEO <br /> <br />Docusign Envelope ID: 1039D541-30BF-4B2D-91D6-3E79D90880FE