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<br />FISCAL IMPACT: <br />The future financial impacts include maintenance of sanitary sewer mains, watermains and other public <br />infrastructure, and other public financial responsibilities typically associated with a new development. The <br />City will collect any necessary building permit fees and Sewer and Water Availability and Connection <br />Charges at the time of building permit application. <br /> <br />OPTIONS: <br />The City Council is being asked to consider the approval of the developer’s agreement and has the following <br />options: <br />1. Adopt Resolution 2025-031 approving the developer agreement for Lake Elmo <br />Elementary; or <br />2. Direct Staff to amend the draft developer agreement to bring back to a future City Council <br />meeting. <br /> <br />RECOMMENDATION: <br />Staff recommends the City Council approve this item adopting Resolution 2025-031 on its consent agenda, <br />or by approving the developer’s agreement for 10th and Lake Elmo School Addition (Lake Elmo <br />Elementary) with the following motion: <br /> <br />“Move to adopt Resolution 2025-031 approving the developer’s agreement for 10th and Lake Elmo <br />School Addition” <br /> <br />ATTACHMENTS: <br />• Resolution 2025-031 <br />• Lake Elmo Elementary Development Agreement <br />