HomeMy WebLinkAbout2024-133CITY OF LAKE ELMO
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. 2024-133
A RESOLUTIONAPPROVING THE FIRSTAMENDMENT TO THE DEVELOPMENT
AGREEMENT FOR BRIDGEWATER VILLAGE
WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing
under the laws of the State of Minnesota; and
WHEREAS, Bridgewater Bancshares, LLC., (the "Applicant") has previously submitted
an application to the City of Lake Elmo (the "City") for a final plat for Bridgewater Village; and
WHEREAS, the Lake Elmo City Council adopted Resolution No 2024-090 on August 20th
2024 approving the final plat for Bridgewater Village; and
WHEREAS, the Lake Elmo City Council adopted Resolution No 2024-092 on September
17th 2024 approving the Development Agreement for Bridgewater Village; and
WHEREAS, the Applicant and the City have agreed to amend the Development
Agreement for Bridgewater Village a first time in order to allow a building permit to be issued for
Lot 2, Block 2, prior to public improvement acceptance by the City with revisions to allow
temporary gravel access, require adequate stormwater management while site work is ongoing,
and other modifications found in the staff report to City Council dated December 17, 2024; and
NOW, THEREFORE, based on the information received, the City Council of the City of
Lake Elmo does hereby approve the First Amendment to Development Agreement for Bridgewater
Village, authorize the City Attorney to draft the First Amendment to the Development Agreement
to include provisions to allow building permits for Lot 2, Block 2 to be issued according to the
amendments proposed in the staff report dated December 17, 2024, and authorize the Mayor and
City Clerk to execute the First Amendment to Development Agreement.
Passed and duly adopted this J T1 Iday of D(e . 2024 by the City Council of the City of
Lake Elmo, Minnesota.
Charles Cadenhead, Mayor G'
ATTEST:
Vohn'11110*
Clerk