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modifications of consequence to the Agreement from the version approved on December <br />6tn <br />M/S/P DeLapp/Johnson — to adopt Resolution No. 2006-022, A Resolution Approving <br />An Amended Development Agreement for the Sanctuary of Lake Elmo. (Motion passed <br />4-0: DeLapp said he has to be consistent with the last two votes.) <br />B. Letter of Credit Escrow Reduction — The Sanctuary of Lake Elmo <br />The City Planner reported the developers have competed all of the underground pipe <br />work on this project, inspected by the City, but completed entirely at the developer's risk. <br />They are requesting a reduction of Development Agreement security to reflect the value <br />of the completed work. The City Engineer has certified a new development security <br />requirement of $1,538,750 as 125% of the work remaining by the developer. The <br />grading and erosion control inspection and security are handled separately by the Browns <br />Creek Watershed District. <br />M/S/P Johnson/Smith — to approve reduction of the <br />Sanctuary of Lake Elmo to $1,538,750, as recomme <br />February 17, 2006 Memo, to reflect the value of it <br />(Motion passed 4-0.) 1 <br />10. <br />11. <br />12. <br />Council member Conlin <br />a picture of Mayor John: <br />faces. <br />the City <br />security for the <br />leer, per his <br />o date. <br />winder, a 3M newspaper, which has <br />s hand with big smiles on their <br />Council member DeLapp said we are getting ready to have a workshop with the Met <br />Council and we sliould make 064le aware of this meeting because the Comp Plan affects <br />the entire City. Representatives", om Baytown, West Lakeland, should be invited <br />because everyone is affected by this decision. DeLapp noted that Jane Harper, <br />Washington County Senior Planner, stated as Lake Elmo goes so goes the county. <br />Council member Johnson congratulated Lake Elmo Inn's John Schiltz who received the <br />2005 Restaurateur of the Year from the Minnesota Restaurant Association. <br />The Council adjourn the meeting at 8:01 p.m. and opened up a Closed Session: Lake <br />Elmo vs. Sessing Mediation Update. <br />Respectfully submitted by Sharon Lumby, City Cleric <br />Resolution No. 2006-018 Claims <br />Resolution No. 2006-019 Authorize Engineer to prepare Feasibility Report for Tablyn <br />Park Overlay Project <br />LAKE ELMO CITY COUNCIL MEETING FEBRUARY 21, 2006 <br />