HomeMy WebLinkAbout22-112 Approve Amendment to Development Agreement – Pike Lake Landing
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 22-112
A RESOLUTION AUTHORIZING THE FIRST AMENDMENT TO THE PIKE LAKE LANDING
DEVELOPMENT AGREEMENT
Motion By: Thompson Second By: Braid
WHEREAS, on February 16, 2021, the City Council adopted Resolutions 21-026 which
authorized the City to enter into a Development Agreement with RT
Development Inc. for the Pike Lake Landing Development; and
WHEREAS, on January 18, 2022, the City Council adopted Resolution 22-015 which
authorized the acceptance of the Pike Lake Landing Development and began
the warranty period for public improvements; and
WHEREAS, in the spring of 2022 settlements began to show up on the roadways within the
development and have continued to surface throughout the summer; and
WHEREAS, in discussions with the Developer, City staff have determined that an
amendment to the Development Agreement is necessary to memorialize the
agreed upon actions to be taken by the developer to provide the City a final
product that will last 50-yrs.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The City Council hereby authorizes the Mayor and City Manager to execute the First
Amendment to Development Agreement Pike Lake Landing.
Passed and adopted by the Prior Lake City Council this 19th day of September 2022.
VOTE Briggs Thompson Burkart Braid Churchill
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Jason Wedel, City Manager