24-099 Authorizing an Amendment to the Development Agreement and Extension of Plat Approval for Excelsior Woods on Property Located at 20325 Excelsior BoulevardCITY OF SHOREWOOD
COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLUTION 24-099
A RESOLUTION AUTHORIZING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT AND
EXTENSION OF PLAT APPROVAL FOR EXCELSIOR WOODS ON PROPERTY
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 and the First Amendment to Development Agreement approved March 11,
2024 which outlines obligations for construction of improvements and the dates when such
improvements would be required to be completed; and
WHEREAS, Excelsior Woods, LLC. (the "Applicant") has requested an extension of the plat
approvals and an amendment to the deadline as it expired in October of 2024 and they only
recently secured financing for the project and had no ability to record the plat or construct the
improvements prior to the included deadlines.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Shorewood has
approved the Second Amendment of the Development Agreement, as follows:
1. The Applicant's request for approval of this Second Amendment to the Development
Agreement (Exhibit A) allowing amendments to Paragraphs 9 and 31 is hereby approved,
subject to the following:
a. Prior to the any activity on the site, the Applicant must record the First and Second
Amendments to Development Agreement with the Hennepin County Recorder and
fulfill the remainder of the conditions of approval.
The plat approval shall be extended for a new expiration date of April 29, 2025, unless
the plat is recorded with the Hennepin County Recorder or another extension request is
received.
All applicable conditions of approval shall be satisfied prior to recording the plat and no
activity may begin on the site until the plat and all related documents are recorded.
4. This Resolution authorizes the Mayor and City Clerk to execute the Second Amendment
to Development Agreement.
Adopted 6vthe City Council ofthe City ofShorewood this 9mday ufDecember, 2024.
JennifL4�habadfe, mayor
Sandie Thone, City