HomeMy WebLinkAbout2021-076CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2021- 076
A RESOL UTIONAPPR 0 VING SECOND AMENDMENT TO DEVELOPMENT AGREEMENT
FOR ROYAL GOLF CLUB AT LAKE ELMO IST ADDITION
WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing
under the laws of the State of Minnesota; and
WHEREAS, Royal Development Inc., 11074 Radisson Road NE, Blaine, MN 55449 (the
"Applicant") has previously submitted an application to the City of Lake Elmo (the "City") for a
final plat for Royal Golf Club at Lake Elmo Is' Addition; and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2017-093 on September
5, 2017 approving the final plat for Royal Golf Club at Lake Elmo l' Addition; and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2017-096 on September
19, 2017, approving the Development Agreement for Royal Golf Club at Lake Elmo ls' Addition;
and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2018-028 on March 20,
2018, approving a First Amendment to the Development Agreement for Royal Golf Club at Lake
Elmo I" Addition; and
WHEREAS, the Applicant and City have agreed to amend Section 28 (G) of the approved
Development Agreement so the Developer may make the required $1,000,000 cash donation to
the City Parks fund either before the City issues any building permits for the 3'd Addition OR all
or a portion of the Yd Addition is conveyed by Royal Development to another developer,
whichever comes first; and
WHEREAS, the Applicant and the City also have agree to amend Section 28 (H) of the
approved Development Agreement regarding the Developer's payment to the City of a cash
contribution of $75,000 for the future maintenance costs of all three lift stations ($25,000/each)
that will be serving the Subdivision and its subsequent phases; and
WHEREAS, the Section 28 (H) Agreement required the Developer to make a cash
contribution to the City of $50,000 for the first two phases prior to the City signing the final plat
for the Subdivision; and
WHEREAS, the proposed Amendment to Section 28 (H) will require the Developer to
pay the City the remaining $25,000 cash contribution for the third lift station prior to the City
signing the final plat for the third phase of the development and the Developer also shall be
responsible for constructing the lift stations and the costs of construction.
Resolution 2021
NOW, THEREFORE, based on the information received, the City Council of the City of
Lake Elmo does hereby approve the Second Amendment to Development Agreement for Royal
Golf Club at Lake Elmo 1" Addition and authorizes the Mayor and City Clerk to execute the
agreement.
Passed and duly adopted this 6`h day of July 2021 by the City Council of the City of Lake Elmo,
Minnesota.
arles Cadenhead, Mayor
ATTEST:
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Resolution 2021