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RESOLUTION NO. <br />STANDARD FORM OF DEVELOPMENT AGREEMENT <br />WHEREAS, the City of Lake Elmo, Minnesota has prepared a standard form of development <br />agreement to be used by development applicants' in cases where public infrastructure <br />improvements are needed to serve the development, and <br />WHEREAS, the Standard form of Development Agreement contains provisions regarding the <br />agreement terms, conditions, development rights, time of performance, responsibility for costs, <br />security requirements, forms of security, ownership transfer of public improvements, and other <br />special provisions. <br />That the City Council of the City of Lake Elmo shall adopt the Standard Form of Development <br />Agreement to specify the content and provisions to be contained within individual development <br />agreements. <br />ADOP'T'ED BY THE LAKE EL,MO CITY COUNCIL, ON THE FIFTH DAY OF MARCH <br />2013. <br />(Seal) <br />ATTEST: <br />dam Dell <br />City Clerk <br />Resolution No. 201316 <br />