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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #14-02-037 <br />RESOLUTION APPROVING A REVISED DEVELOPMENT AGREEMENT FOR <br />BROOKFIELD 4th ADDITION <br />WHEREAS, Capstone Homes, Inc., hereafter referred to as "Developer", properly applied for <br />major plat approval of the following described property located in the City of Ramsey: <br />Outlot A, BROOKFIELD 3RD ADDITION, Anoka County, Minnesota <br />(the `Subject Property'); <br />WHEREAS, on September 3, 2013, the City of Ramsey received an application and <br />preliminary plat plans for Brookfield 4th Addition from Capstone Homes; and <br />WHEREAS, the Brookfield 4th Addition is a continuation of the Brookfield Addition; and <br />WHEREAS, on October 3, 2013, the Ramsey Planning Commission conducted a public <br />hearing regarding the proposed preliminary plat; and <br />WHEREAS, the Ramsey Park and Recreation Commission reviewed the preliminary plat on <br />October 10, 2013, and recommended that park dedication be satisfied with a cash payment; and <br />WHEREAS, on October 22, 2013, the City Council approved the preliminary plat with <br />conditions; and <br />WHEREAS, on November 4, 2013, the Developer submitted an application for final plat; and <br />WHEREAS, on December 10, 2013, the City Council approved the final plat; and <br />WHEREAS, the Developer has requested an amendment to the approved Development <br />Agreement to assign the Agreement to Brookfield Land, LLC and revised the amount of the required <br />financial surety related to required Stage I Improvements. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />That the Ramsey City Council hereby approves a revised Development Agreement for <br />Brookfield 4th Addition to assign the Agreement to Brookfield Land, LLC and revised the amount of <br />the required financial surety related to required Stage I Improvements. <br />