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1 <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing <br />under the laws of the State ofMinnesota; and <br />WHEREAS, The Ryland Group, Inc., 7599 Anagram_l rive Eden Prairie, MN <br />"Applicant'° has previously submitted an application;to the City of Lake Elmo ("City") for a <br />Final Plat for Hammes Estates 1 st Addition; and <br />WHEREAS, The Lake Elmo City Council adopted Resolution No. 2014- 2 on October <br />7 2014 approving the Final Plat for Hammes Estates I" Addition; and <br />WHEREAS, The Lake Elmo City Council adapted Resolution No. 2014- 3 on October <br />7, 2014 approving the Development Agreement for Hammes Estates 1" Addition; and <br />WHEREAS, the Ryland Croup, Inc. did not record the Final Plat, nor does it intend to <br />develop the property; and, <br />WHEREAS, can November 4, 2015 the Lake Elmo City Council approved an extension <br />of the Final Plat until October 31, 2016, and <br />WHEREAS, Rachel Development Inc. 4125 'rapier Ct NE, St. Michael, Minnesota <br />55376 has purchased the property in order to develop it according to the Plans approved by the <br />City, and <br />NOW, THEREFORE, based on the information received, the City Council of the City <br />of Lake Elmo does hereby approve the Developer's Agreement for Hammes Estates 1" Addition <br />and authorizes the Mayor and City Clerk to execute the document. <br />1 <br />Resolution 201 i-71 <br />