HomeMy WebLinkAbout2022-076CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2022-076
A RESOLUTION APPROVING THE SECOND AMENDMENT TO THE DEVELOPMENT
AGREEMENT FOR DEVELOPMENT OF THE CROSSROADS EAST FIRST ADDITION.
WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing under
the laws of the State of Minnesota; and
WHEREAS, Airlake Development Inc, and Crossroads East, LLC (together the
"Developer") previously submitted an application to the City of Lake Elmo (the "City") for a final
plat for Crossroads East First Addition; and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2021-115 on November
3, 2021 approving the final plat for Crossroads East First Addition; and
WHEREAS, the Lake Elmo City Council adopted Resolution No.2021-134 on December
7, 2021, approving the Development Agreement for Crossroads East First Addition; and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2022-034 on April 5,
2022 approving the First Amendment to Development Agreement (the "First Amendment"); and
WHEREAS, the First Amendment authorized Developer to proceed with vertical
construction of the buildings on the Property prior to completion of the public Subdivision
Improvements provided that the public Subdivision Improvements were completed on an agreed -
upon schedule; and
WHEREAS, Developer and City have agreed to further amend to the Development
Agreement to extend the deadline for completion of Public Improvements, as herein defined; and
WHEREAS, the City is willing to grant the requested extension provided that The
Developer signs the Second Amendment to the Development Agreement by August 10, 2022,
certain restrictions are placed on tenant improvements and the Public Improvements are complete
no later than September 30, 2022.
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
Crossroads East First Addition and authorizes the Mayor and City Clerk to execute the Second
Amendment.
Passed and duly adopted this ffi66y of August 2022 by the City Council of the City of Lake
Elmo, Minnesota. 0— 4 �,Z 4, �,
Charles Cadenhead, Mayor
A T:
Juli hn , City Clerk