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HomeMy WebLinkAbout2024-088CITY OF LAKE ELMO WASHINGTON COUNTY STATE OF MINNESOTA I A RESOL UTION APPROVING THE DEVELOPMENTAGREEMENTFOR LAKE ELM# TOWNHOMES8 WHEREAS, the City of Lake Elmo (the "City") is a municipal corporation organized and existing under the laws of the State of Minnesota; and WHEREAS, At Rome Apartments, LLC, a limited liability company (the "Applicant") previously submitted an application to the City for a final plat and final PUD plan for Lake Elmo Townhomes 8; and WHEREAS, the Lake Elmo City Council adopted Resolution No. 2024-066 on May 21, 2024 approving the final plat and final PUD plan for Lake Elmo Townhomes 8 (the "Resolution"); and WHEREAS, the conditions of approval of the final plat and final PUD plan in the Resolution included a requirement that the Applicant enter into a development agreement acceptable to the City Attorney and approved by the City Council that delineates who is responsible for the design, construction, and payment of the required improvements with financial guarantees therefore; and NOW, THEREFORE, the City Council of the City of Lake Elmo hereby: 1. Approves the Development Agreement for Lake Elmo Townhomes 8 and authorizes the Mayor and City Clerk to execute it. The City Attorney is authorized to insert or modify Exhibits of the Development Agreement as needed. Passed and duly adopted this 20th day of August, 2024 by the City Council of the City of Lake Elmo, Minnesota. CYaries Cadenhead, Mayor ATT Julie tson, TClerk LA515-119-856339.v1