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RESOLUTION NO.9866 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING DEVELOPMENT AGREEMENT FOR LONG LAKE WOODS SECOND ADDITION WHEREAS, to facilitate development of certain real property in the City of Mounds View, Minnesota (the "City") located generally north of Sherwood Road, east of Eastwood Road, south of Ardan Avenue, and west of Long Lake Road, the City proposes to enter into a Development Agreement (the "Contract") with certain individuals and entities that own property (collectively, the "Developer") within said area; and WHEREAS, The City Council previously approved the Contract by Resolution 9237 on February 10, 2020; and WHEREAS, the Contract has been revised by the City and the Developer due to changes and clarifications in the scope of the development project occurring over the past three years; and WHEREAS, the City Council has reviewed the updated Contract and finds that the execution thereof by the City and performance of its obligations thereunder are in the best interest of the City and its residents. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Mounds View, Minnesota that the Contract is approved in substantially the form presented to the City Council on the date of this Resolution, subject only to modifications that are approved by the City Attorney and do not alter the general substance of the agreement. NOW, THEREFORE, BE IT FURTHER RESOLVED, by the City Council of the City of Mounds View, Minnesota that the proper City staff and officials are authorized to execute the final version of the Contract and take all actions necessary to perform the City's obligations under the Contract as a whole, including without limitation, the execution of any documents to which the City is a party referenced in or attached to the Contract, and any deed or other documents necessary, all as described in the Contract. Dated: January 22, 2024. ATTEST: Nyle u , City Administrator MU210\262\636104.v3