HomeMy WebLinkAbout2024-092CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO.2024-092
A RESOL UTION A PPR 0 VING THE DEVELOPMENT AGREEMENT FOR BRIDGE WATER
VILLAGE
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, Bridgewater Bancshares, Inc. a domestic business corporation (the
"Applicant") previously submitted an application to the City for a final plat for Bridgewater
Village; and
WHEREAS, the Lake Elmo City Council adopted Resolution No. 2024-067 on May 21,
2024 approving the final plat for Bridgewater Village (the "Resolution"); and
WHEREAS, the conditions of approval of the final plat 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 Bridgewater Village and authorizes the
Mayor and City Clerk to execute it. The City Attorney is authorized to insert or modify
Exhibits of the Development Agreement and to fill in any blanks within the
Development Agreement as needed.
Passed and duly adopted this l 7t' day of September 2024 by the City Council of the City of Lake
Elmo, Minnesota.
y
Charles Cadenhead, Mayor
ATT T:
Jultjl
nson Cit Clerk
LA515-119-856339.vl