23-109 Authorizing the Assignment of the Development Agreement for Excelsior Woods Located at 20325 Excelsior BlvdCITY OF SHOREWOOD
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION 23-109
A RESOLUTION AUTHORIZING THE ASSIGNMENT OF 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 rights and obligations of the developer, Red Granite, LLC; and
WHEREAS, Red Granite Construction, LLC, has sold the property and project to Excelsior
Woods, LLC. (the "Applicant"); and
WHEREAS, the applicant has agreed to assume the rights and obligations of the development
agreement as drafted.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Shorewood has
approved the Assignment of the Development Agreement, as follows:
1. The Assignment of the Agreement makes no other changes to the rights and obligations
outlined therein.
2. Prior to the issuance of any permits for homes, grading or other work on the site, the
Applicant must record the Assignment with the Hennepin County Recorder and complete all
outstanding conditions of approval.
3. This Resolution authorizes the Mayor and City Clerk to execute the Assignment of the
Development Agreement.
Adopted by the City Council of the City of Shorewood this 131" day of November, 2023.
Je er La die, Mayor
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Sandie Thone, City Clerk