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Development Contract <br />DEVELOPMENT CONTRACT <br />FORMER KNOX BUILDING <br />THIS CONTRACT, MADE THIS day of , 2007, by and between the <br />City of Little Canada, a municipal corporation of the State of' Minnesota (hereinafter referred to <br />as the "City ") and Graba Properties, LLC (hereinafter referred to as the "Developer "). <br />WITNESSETH: <br />WHEREAS, Developer is purchasing property situated in the City of Little Canada, <br />County of Ramsey described as Lot 2, Block, Drywall Supply Addition; hereinafter "The <br />Property ", <br />WHEREAS, The Property is zoned Planned Unit Development (PUD) by the City and <br />this Contract is a condition of PUD approval for The Property, <br />WHEREAS, Developer proposes to make interior and exterior renovations to improve <br />the structure located on The Property; hereinafter "The Improvements ", <br />WHEREAS, The Improvements contemplated are critical to the redevelopment of The <br />Property, <br />NOW THEREFORE, the City and Developer agree as follows: <br />Contract <br />1. The Developer shall construct The Improvements in accordance with all local codes <br />and ordinances, including the Minnesota State Building Code, the Minnesota Fire Code, Little <br />