HomeMy WebLinkAbout2022-078CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2022-078
A RESOLUTION APPROVING THE THIRD 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
71 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, The Lake Elmo City Council adopted Resolution 2022-076 on August 3, 2022
approving the Second Amendment to Development Agreement (the "Second Amendment"); and
WHEREAS, the Second Amendment authorized Developer an extension of time to
complete Public Improvements providing certain restrictions were placed on tenant
improvements; and
WHEREAS, Developer and City have agreed to further amend the Development
Agreement to remove the restrictions on building permits for tenants; and
WHEREAS, the City is willing to remove the restrictions on building permits for tenants
provided that 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 Third Amendment to Development Agreement for
Crossroads East First Addition and authorizes the Mayor and City Clerk to execute the Third
Amendment.
Passed and duly adopted this I day of August 2022 by the City Council of the City of Lake
Elmo, Minnesota.
Charles Cadenhead, Mayor
TE
Juli Jo nso , ty Clerk