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23-042 Approving Amendments to the Development Agreement for the Maple Shores PUD to be located at and near 20430 Radisson RoadCITY OF SHOREWOOD COUNTY OF HENNEPIN STATE OF MINNESOTA RESOLUTION 23-042 A RESOLUTION APPROVING AMENDMENTS TO THE DEVELOPMENT AGREEMENT FOR THE MAPLE SHORES PUD TO BE LOCATED AT AND NEAR 20430 RADISSON ROAD WHEREAS, the City of Shorewood approved a request on March 27, 2023 from Chamberlain Capital, LLC. (the "Applicant") for final plat and a development and PUD agreement for the property legally described as: Lot 24, Radisson Inn Addition, and Tracts A, B, C, D, H, I, J, and K, Registered Land Survey No 730, all in Hennepin County, Minnesota (the "Property"); and WHEREAS, the Applicant's contractors submitted bids substantially under their engineer's estimate and they propose to amend the development and PUD agreement to reflect the appropriate financial guarantee based on the contractor bids; and, WHEREAS, the Applicant has proposed some minor changes to the Agreement based on revised plans which they would like reflected in the documents approving the Maple Shores PUD Development and PUD Agreement (the "Agreement"); and, WHEREAS, the City of Shorewood has prepared a revised Agreement with these changes into the Development and PUD Agreement to the Developer. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD, MINNESOTA AS FOLLOWS: that the amendments proposed in the development and PUD agreement for Maple Shores PUD 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 September 27, 2023. 2. All conditions listed in Resolution 23-034 shall be adhered to. ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 24th day of April, 2023. ten fifer IJbadie, Mayor ATTEST: iluL Sandie Thone, City Clerk