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Page 2 <br /> <br />LA515-110-862820.v1 <br /> <br />FISCAL IMPACT: <br />The future financial impacts include maintenance of public infrastructure and other public financial <br />responsibilities typically associated with a new development. The City will collect any necessary <br />building permit fees, Sewer Accessibility Charges, Water Accessibility Charges, and property taxes at <br />the time of building permit application. <br /> <br />OPTIONS: <br />The City Council is being asked to consider the approval of the Development Agreement and has the <br />following options: <br />1) Adopt Resolution 2023-025 approving the Development Agreement for DPS Lake <br />Elmo 3rd Addition; or <br />2) Direct Staff to amend the draft Development Agreement to bring back to a future City <br />Council meeting. <br /> <br />RECOMMENDATION: <br />Staff recommends the City Council adopt Resolution 2023-025 approving the Development <br />Agreement for DPS Lake Elmo 3rd Addition with the following motion: <br />“Move to adopt Resolution 2023-025 approving the Development Agreement for DPS Lake Elmo <br />3rd Addition” <br />ATTACHMENTS: <br />1. Resolution 2023-025 <br />2. DPS Lake Elmo 3rd Addition Development Agreement <br />