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CITY OF LAKE ELIC <br />WASHINGTON COUNTY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 201642 <br />A RESOLUTION APPROVING THE DEVELOPER'S AGREEMENT FOR THE SECOND <br />PHASE OF THE BOULDER .PLANNED RESIDENTIAL DEVELOPMENT <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing <br />under the laws of the State of Minnesota; and <br />WHEREAS, OP4 Boulder fonds, LLC, 11455 Viking Drive, Suite 350, Eden Prairie, <br />MN"Applicant" has previously submitted an application to the City of Lake Elmo "City„ for <br />a Final Plat for boulder Ponds; and <br />WHEREAS, the Lake Elmo City Council considered and approved the Preliminary Plat <br />request for Boulder Ponds at a meeting held on September 16 2014 and <br />WHEREAS, The Lake Elmo City Council adopted Resolution No. 2016-41 on May 17 <br />2016 approving the Final Plat for Boulder Ponds 2 `1 Addition; and <br />WHEREAS, A condition of said Resolution No. 2016-41 establishes that, prior to the <br />execution of the Final Plat by City officials, the Applicant is to eater 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 May 17 <br />2016 meeting. <br />NOW, THEREFORE, based on the information received, the City Council of tile City <br />of Lake Elmo does hereby approve the Developer's Agreement for Boulder Ponces 2�d Addition <br />and authorizes the Mayor and City Clerk to execute the document. <br />Passed and duly adopted this 17th clay of May 2016 by the City Council of the City of Lake <br />Elmo, Minnesota. <br />Mike Pearson:, Mayor: <br />ATTEST: <br />JtA e Jolnibtf, City Clerk <br />Resolution 2016- <br />