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<br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #25-157 <br /> <br />RESOLUTION APPROVING A DEVELOPMENT AGREEMENT FOR “BUNKER <br />LAKE CROSSING” <br /> <br />WHEREAS, The City of Ramsey received an application from Capital Real Estate, Inc. <br />(the “Applicant”), requesting approval of a Preliminary and Final Plat on the property legally <br />described as follows: <br /> <br /> Outlot D, Waterfront Village, Anoka County, Minnesota <br /> <br />(the “Subject Property”). <br /> <br />WHEREAS, the Subject Property is zoned COR-2b, Commercial Subdistrict, and is <br />guided for Mixed Use in the 2040 Comprehensive Plan; and <br /> <br />WHEREAS, the Applicant is platting three buildable commercial lots on the Subject <br />Property; and <br /> <br />WHEREAS, the Applicant appeared before the Planning Commission for a public <br />hearing for the Preliminary Plat on May 22, 2025, that said public hearing was property <br />advertised; and <br /> <br />WHEREAS, the Planning Commission reviewed the Preliminary Plat at their regular <br />meeting on May 22, 2025 and recommended approval; and <br /> <br />WHEREAS, the City Council reviewed and approved that request, as well as the Final <br />Plat request, at their meeting on June 10, 2025; and <br /> <br />WHEREAS, a Development Agreement is required to provide financial guaranty of site <br />improvements for proposed developments; and <br />WHEREAS, the proposed Development Agreement conforms to City Code requirements; <br />and <br />WHEREAS, the City Council reviewed the request at their meeting on July 22, 2025. <br />NOW THEREFORE, BE IT RESOLVED BY THIS CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the Ramsey City Council hereby grants approval of the Development Agreement for <br />Bunker Lake Crossing on the Subject Property in accordance with relevant City Codes, <br />subject to the following conditions: <br /> <br /> <br />