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21-115 Approving Amendments to the Development Agreement and an Extension to the Final Plat Approval for the Walnut Grove Villas PUD Located North of Highway 7 between Eureka Road and Seamans DriveRESOLUTION 21-115 CITY OF SHOREWOOD COUNTY OF HENNEPIN STATE OF MINNESOTA A RESOLUTION APPROVING AMENDMENTS TO THE DEVELOPMENT AGREEMENT AND AN EXTENSION TO THE FINAL PLAT APPROVAL FOR THE WALNUT GROVE VILLAS PUD LOCATED NORTH OF HIGHWAY 7 BETWEEN EUREKA ROAD AND SEAMANS DRIVE WHEREAS, the City of Shorewood approved a request on July 12, 2021 from Senior Housing Ventures, Inc. (the "Applicant") for final plat and including a development contract for the property legally described as: Lot 26, Meeker's Outlots to Excelsior, except the north 2 acres thereof and except the following described part thereof; Commencing at the intersection of north line of Highway 7 with the west line of Lot 26; thence east along said highway distant 210 feet; thence north parallel with west line of Lot 26 distant 210 feet; thence west parallel with said highway line 210 feet; thence south to beginning, and except part taken for highways, Hennepin County, Minnesota; WHEREAS, Resolution 210-072 included a condition that the approvals would expire in 180 days if the Section 1202.03 Subd. 2. f. (3) of the City Code establishes the deadline for recording the final plat and other required materials as 180 days from the approval of the preliminary plat; and WHEREAS, the 180-day period expires on January 8, 2022, unless an extension is requested subject to Chapter 1202.03 Subd. 3 c; and WHEREAS, the Applicant has outstanding conditions of approval that they have yet to satisfy; and, WHEREAS, the Applicant is transitioning their role as developer to "CCS Walnut Grove Villas, LLC" (the "Developer"); and, WHEREAS, the Walnut Grove Villas PUD Development Agreement (the "Agreement") indicates that the applicant may not assign the agreement to any other party without the consent of the City of Shorewood; and, WHEREAS, the City of Shorewood has prepared a revised Agreement assigning all the responsibilities for the contract to the Development Agreement to the Developer. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Shorewood that the deadline to submit the final plat to be called "Walnut Grove Villas", is hereby extended and the Agreement amendments are hereby approved, subject to the following conditions: 1. The Agreement shall be executed and recorded with the county recorder or registrar or titles by January 8, 2022. 2. The final plat approved by the City of Shorewood Resolution 21-072 on July 12, 2021 be recorded with the country recorder or registrar of titles by July 12, 2022 or as specified in the Agreement. 3. All conditions listed in Resolution 21-072 shall be adhered to. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 12th day of October, 2021. ATTEST: Sandie Thone, City Clerk 2 J nifer Labadie, Mayor