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CITY OF ! <br />It ! ! <br />MIJ W1 11910 W11111 <br />RESOLUTION NO.2024-006 <br />RESOL UTION APPR 0 VING A REQUEST BYBRIDGEWATER BANCSHARES, INC. FOR <br />AMENDMENT TO THE CITY OF LAKE ELMO COMPREHENSIVE PLAN LAND USE MAP <br />TO REVISE THE BOUNDARIES OF THE VILLAGE MEDIUM DENSITY RESIDENTIAL AND <br />COMMERCIAL FUTURE LAND USE AREAS FOR BRIDGEWATER VILLAGE <br />WHEREAS, the City of Lake Elmo is a municipal corporation organized and existing <br />under the laws of the State of Minnesota; and <br />WHEREAS, the City of Lake Elmo has established a Comprehensive Plan that includes <br />background data, policy statements, standards, and maps that help to guide the future physical, <br />social, and economic development of the City; and <br />WHEREAS, on September 22, 2023, Bridgewater Bancshares, Inc. (the "Applicant") filed <br />a complete request for a Comprehensive Plan amendment for the Bridgewater Village <br />development on the property legally described in Exhibit A attached hereto (the "Property"); and <br />WHEREAS, the request for a Comprehensive Plan amendment, depicted in Exhibit B <br />attached hereto, is to revise the areas and locations of the future land use categories on the Property, <br />reducing the Village Medium Density Residential area from 17.67 acres to 16.19 acres and <br />increasing the Commercial area from 6.46 acres to 7.0 acres with some area dedicated for public <br />right of way; and <br />WHEREAS, approval of an amendment to the Comprehensive Plan is required in order <br />for the proposed Bridgewater Village development to be consistent with the City's adopted plans <br />and policies; and <br />WHEREAS, the public hearing notice was published, mailed, and posted pursuant to the <br />Lake Elmo Zoning Ordinance, City Code Section 105.12.250, and Minnesota Statutes Section <br />462.355; and <br />WHEREAS, the Lake Elmo Planning Commission held a public hearing on the proposed <br />Comprehensive Plan amendment on October 23, 2023; and <br />WHEREAS, the Lake Elmo Planning Commission has submitted its report and unanimous <br />recommendation of approval to the City Council as part of a staff report dated November 8, 2023; <br />and <br />LA515-137-923090.v2 <br />