22-044 Approving an Amendment to the Development Agreement for Excelsior Woods Located at 20325 Excelsior BoulevardRESOLUTION 22-044
CITY OF SHOREWOOD
COUNTY OF HENNEPIN
STATE OF MINNESOTA
A RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT
AGREEMENT FOR EXCELSIOR WOODS
LOCATED AT 20325 EXCELSIOR BOULEVARD
WHEREAS, in 2021, the City of Shorewood approved a final plat and Development
Agreement for Excelsior Woods (the "Project"), located at 20325 Excelsior Boulevard, on
property legally described as:
Lot 37, Auditor's Subdivision No. 141, Hennepin County, Minnesota; and
WHEREAS, the Project is subject to a Development Agreement (the "Agreement"),
dated October 12, 2021 which outlines required setbacks for the Project; and
WHEREAS, Red Granite Construction, LLC., (the "Applicant"), has agreed to install an
eight -inch watermain where a six-inch watermain was previously approved and to amend the
fees required by the Agreement based on the higher cost of installing the larger watermain.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Shorewood has approved a First Amendment to Development Agreement, as follows:
1. The amendment to the Development Agreement (Exhibit A) eliminates the cash payment
for water connection fees as the work to install the mains would exceed the watermain
connection fees and is hereby approved.
2. Prior to the issuance of any permits for homes, the Applicant must record the First
Amendment to Development Agreement with the Hennepin County Recorder.
3. This Resolution authorizes the Mayor and City Clerk to execute the First Amendment to
Development Agreement.
Adopted by the City Council of the City of Shorewood this 9tn day of May, 2022.
Jen fifer La adie, Mayor
ATTEST:
Sandie Thone, City Clerk