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• 11 <br />RESOLUTION NO. 1 -4 <br />SC L TIC NAPPROT17NG THE DEVELOPER'S AGREEMENT FOR TFI F"IhST PHASE <br />OF THE VILLAGE PRESERVE SIL ENTIAL SUBDIVISION <br />WHEREAS, the City of Labe Elmo is a municipal corporation organized and existing <br />under the laws of the State of Min esota and <br />WHEREAS, t3W SA Land Development, LLC, 10850 Old County Road 15, Suite 200, <br />Plymouth; MN 55441 "Applicant" has previously submitted an application to the City of Lake <br />Elmo ("City") for a Final Plat for Village Preserve; and <br />WHEREAS, the Lake Elmo City Council considered and approved the Preliminary Plat <br />request for Village Preserve at a meeting held on July 15, 2014; and <br />WHEREAS, The Lake Elmo City Council adapted Resolution No. 201 - 4 on May 5th; <br />215 approving the Final Plat for Village Preserve; and <br />WHEREAS, Condition 3 of said Resolution No. 115-34 establishes that, prior to the <br />execution of the Final Plat by City officials, the Applicant is to enter into a Developer's <br />Agreement with the City; and <br />WHEREAS, the Applicant and City have agreed to enter into such a contract, and a copy <br />of the Developer's Agreement was submitted to the City Council for consideration at its June 2, <br />2015 meeting <br />NOW, THEREFORE, based on the information received, the City Council of the City <br />of Lake Elmo sloes hereby approve the Developer's Agreement for Village Preserve and <br />authorizes the Mayor and City Clerk to execute the document. <br />Passed and duly adopted this 2 nd day of June 2015 by the City Council of the City ofLake Elmo, <br />r <br />Hike Pearson, Mayor <br />ATTEST: <br />Aim;l3eil, City Clerk <br />1 <br />Resolution No. 215-47 <br />