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2026-049
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7/8/2026 11:49:39 AM
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CITY OF LAKE ELMO <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO.2026-049 <br />A RESOLUTIONAPPROVING THE DEVELOPMENTAGREEMENTFOR HIGHPOINTE <br />CROSSING <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, Rachel Development, Inc., a Minnesota corporation (the "Applicant') <br />submitted an application to the City for the Highpointe Crossing final plat; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2026-048 on July 7, <br />2026 approving the final plat for Highpointe Crossing (the "Resolution"); and <br />WHEREAS, the conditions of approval of the final plat in the Resolution included a <br />requirement that the Applicant enter into a development agreement acceptable to the City Attorney <br />and approved by the City Council that delineates who is responsible for the design, construction, <br />and payment of the required improvements with financial guarantees therefore; and <br />NOW, THEREFORE, the City Council of the City of Lake Elmo hereby: <br />Approves the Development Agreement for Highpointe Crossing and authorizes the <br />Mayor and City Clerk to execute it. The City Attorney is authorized to insert or modify <br />improvement costs and Exhibits of the Development Agreement as needed. <br />Passed and duly adopted this 7th day of July, 2026 by the City Council of the City of Lake Elmo, <br />Minnesota. <br />Charles Cadenhead, Mayor <br />ATTEST: <br />lie John on ity Clerk <br />LA515-119-856339.v1 <br />
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