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Sam <br />im W&I V X11 ad I K11:11,111M <br />A RESOLUTIONAPPROVING THE DEVELOPMENT AGREEMENT FOR ROYAL GOLF <br />CLUB 6T" ADDITION <br />WHEREAS, the City of Lake Elmo (the "City") is a municipal corporation, organized a <br />existing under the laws of the State of Minnesota; and I <br />WHEREAS, U.S. Home, LLC, a limited liability company (the "Applicant") previously <br />submitted an application to the City for a final plat and final PUD plan for Royal Golf Club 6 th <br />Addition; and <br />WHEREAS, the Lake Elmo City Council adopted Resolution No. 2024-038 on April 2 d <br />2024 approving the final plat and final PUD plan for Royal Golf Club 6t" Addition (the <br />"Resolution"); and <br />WHEREAS, the conditions of approval of the final plat and final PUT) plan in t <br />Resolution included a requirement that the Applicant enter into a development agreeme <br />acceptable to the City Attorney and approved by the City Council that delineates who <br />responsible for the design, construction, and payment of the required improvements with financi <br />guarantees therefore; and 11 <br />I . Approves the Development Agreement for Royal Golf Club 6 1h Addition and authorizes <br />the Mayor and City Clerk to execute it. The City Attorney is authorized to insert or <br />modify the security amounts set forth in paragraphs 36, 37, and Exhibit C of the <br />Development Agreement as they are determined by the City Engineer. The City <br />Attorney is also authorized to insert a list of the plan documents approved by the City <br />Engineer in Exhibit B of the Development Agreement. <br />Passed and duly adopted this 7th day of May, 2024 by the City Council of the City of Lake Elmo, <br />Minnesota, <br />Charles Cadenhead, Mayor <br />A ST: <br />J lie ohnsot4" v Clerk <br />j lie <br />ohnso <br />pity <br />V <br />