HomeMy WebLinkAbout2022-091CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2022-091
A RESOLUTION APPROVING THE FOURTH 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, 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, the Lake Elmo City Council adopted Resolution 2022-078 on August 16, 2022
approving the Third Amendment to Development Agreement (the "Third Amendment"), and
WHEREAS, the Third Amendment authorized Developer to obtain building permits for
tenants provided that Public Improvements are complete no later than September 30, 2022; and
WHEREAS, Developer and City have agreed to further amend the Development
Agreement to move the deadline for a shortened list of Public Improvements to December 31,
2022 in exchange for erection of a 6-foot opaque fence on the top of the screening berm running
along the northern lot line by the same deadline; and
NOW, THEREFORE, based on the information received, the City Council of the City of
Lake Elmo does hereby approve the Fourth Amendment to Development Agreement for
Crossroads East First Addition and authorizes the Mayor and City Clerk to execute the Fourth
Amendment.
Passed and duly adopted this (q� day of October 2022 by the City Council of the City of Lake
Elmo, Minnesota
Charles Cadenhead, Mayor
ATT
Julie o so ty
Clerk