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HomeMy WebLinkAbout26-098 Approving an Amendment to the Development for Ridgewood Court4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 26-098 A RESOLUTION APPROVING AN AMENDMENT TO THE DEVELOPMENT AGREEMENT FOR RIDGEWOOD COURT Motion By: Braid Second By: Hellier WHEREAS, in accordance with Minnesota Statue, the Planning Commission held a public hearing regarding a Combined Preliminary and Final Plat and Easement Vacation for a development known as Ridgewood Court on April 6, 2026; and WHEREAS, on April 28, 2026, the Prior Lake City Council considered and approved Resolution No. 26-067 approving the combined preliminary and final plat, easement vacation and development agreement for a development known as Ridgewood Court; and WHEREAS, the City and Developer entered into a Development Contract for Ridgewood Court which was recorded in the Office of the Scott County Recorder on June 24, 2026, as Document No. 1225430; and WHEREAS, paragraph 12 and Exhibit B of the Development Contract identify Fees and Charges the Developer shall pay, including but not limited to, Construction Observation Deposit and Security for streets, sidewalks and trails; and WHEREAS, Prior Lake City Code Article V. – Required Improvements and Charges, Sec. 9-130 – General Provisions (b) states, before a final plat is signed by the city, the subdivider shall pay all applicable fees and enter into the city’s standardized development agreement setting forth the conditions under which the plat is approved; and WHEREAS, the City of Prior Lake does not have municipal water service currently available to serve Ridgewood Court; and WHEREAS, the City and Developer desire to amend the Development Contract to acknowledge the Developer payment for Construction Observation Deposit and Security for streets, sidewalks and trails shall not be required until such time as municipal water service is available and the Developer requests and grading or building permit. M:\2- City Clerk\City Council\Resolutions\2026\26-098 Approving an Amendment to the Development for Ridgewood Court.docx 2 NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA: 1. The Mayor and City Manager are authorized to execute the First Amendment to the Development Contract for Ridgewood Court (Project #26-000004). 2. The Construction observation deposit ($5,000) and streets/sidewalks/trails security ($25,250) in the total amount of $30,250 shall be due and payable prior to the issuance of a grading permit or building permit on Lot 1 or Lot 2, Ridgewood Court, according to the recorded plat, Scott County, Minnesota. 3. Except as herein amended, the Development Contract shall remain in full force and effect. Passed and adopted by the Prior Lake City Council this 14th day of July 2026. VOTE Briggs Braid Churchill Lake Hellier Aye ☒ ☒ ☒ ☒ ☒ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☐ ☐ ☐ ☐ ☐ ______________________________ Jason Wedel, City Manager