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Councilmember Peters introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #26-177 <br /> <br />RESOLUTION APPROVING A REVISED DEVELOPMENT AGREEMENT FOR <br />RD <br />“WATERFRONT VILLAGE 3 ADDITION” <br /> <br /> WHEREAS, Centra North LLC, hereafter referred to as “Developer”, properly applied <br />for Final Plat approval of the property generally located between Bunker Lake Boulevard and <br />Ramsey Parkway NW, west of Zeolite Street NW, and legally described as: <br /> <br />rd <br />Lots 1 – 10 (inclusive), Block 1, Waterfront Village 3 Addition, Anoka County, Minnesota <br />rd <br />Lots 1 – 6 (inclusive), Block 2, Waterfront Village 3 Addition, Anoka County, Minnesota <br />rd <br />Lots 1 – 9 (inclusive), Block 3, Waterfront Village 3 Addition, Anoka County, Minnesota <br />rd <br />Lots 1 – 7 (inclusive), Block 4, Waterfront Village 3 Addition, Anoka County, Minnesota <br />rd <br />Outlots A, B, C, D, E, and F, Waterfront Village 3 Addition, Anoka County, Minnesota <br /> <br />(the ‘Subject Property’); and <br /> <br /> WHEREAS, the City Council adopted Resolution #24-041 approving the Preliminary Plat <br />and Site Plan on February 13, 2024; and <br /> <br /> WHEREAS, the City Council reviewed and approved the Final Plat and Development <br />rd <br />Agreement of Waterfront Village 3 Addition, a 32-lot phase of the overall approved preliminary <br />plat, on February 24, 2026, through Resolution #26-062; and <br /> <br /> WHEREAS, the Developer is requesting a revision to the required sureties in the <br />Development Agreement based on favorable bids. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the Ramsey City Council hereby approves the revised Development Agreement for <br />rd <br />Waterfront Village 3 Addition and authorizes the Mayor and City Administrator to sign <br />it. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Olson, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Heineman, <br /> Councilmember Peters <br /> Councilmember Olson <br /> Councilmember Buscher <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />