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<br /> STAFF REPORT <br />DATE: 3/18/25 <br /> CONSENT <br /> <br />TO: Mayor and City Council <br />FROM: Nathan Fuerst, AICP, Consulting Planner <br />AGENDA ITEM: Lake Elmo Elementary Development Agreement <br />REVIEWED BY: Jason Stopa, Community Development Director, <br /> Jack Griffin, Senior Engineering Project Manager <br /> Sarah Sonsalla, City Attorney <br /> <br />CORE STRATEGIES: <br /> <br />☐ Vibrant, inclusive, connected community ☐ Efficient, reliable, innovative services <br />☐ Responsive, transparent, adaptive governance ☐ Balanced Finances now and future <br />☒ Managed Growth ☐ Resilient Infrastructure <br /> <br /> <br />BACKGROUND: <br />On February 4, 2025, the Lake Elmo City Council approved the final plat for 10th and Lake Elmo School <br />Addition, which is the Lake Elmo Elementary School project, through Resolution 2025-15. An executed <br />developer’s agreement is a condition of final plat approval and is required prior to recording the final plat <br />with Washington County. <br /> <br />ISSUE BEFORE COUNCIL: <br />The City Council is being asked to adopt Resolution 2025-031 approving the developer’s agreement for <br />Lake Elmo Elementary. <br /> <br />PROPOSAL DETAILS/ANALYSIS: <br />A condition of approval of the Lake Elmo Elementary final plat is that the Stillwater Area Public Schools <br />District enter into a Developer’s Agreement prior to the execution of the plat by City officials. The key <br />aspects of the agreement include the following components: <br />• That all public improvements to be completed by October 31, 2026. <br />• That the Developer provide a letter of credit in the amount to be determined once all <br />construction costs are reviewed related to the cost of the proposed improvements. Staff is <br />asking in the resolution for authority to add or modify that completed Exhibit C once it is <br />available. <br />• That the school district construct the necessary stormwater management and intersection <br />improvements as required through Resolution 2025-15, approving the final plat. <br /> <br />Upon execution of this Agreement, receipt of all fees and securities, recording of the final plat and the <br />completion of a Preconstruction meeting with the City, construction can commence. <br /> <br />