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07/21/04 <br />DEVELOPMENT CONTRACT <br />HIDDEN ACRES <br />THIS CONTRACT, MADE THIS day of , 2004, 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 Masterpiece Homes, Inc. a Minnesota corporation, owner and subdivider <br />(hereinafter referred to as the "Developer "). <br />WITNESSETH: <br />WHEREAS, Developer is the owner of property situated in the City of Little Canada, <br />County of Ramsey, to be platted as Hidden Acres. <br />WHEREAS, Developer was granted approval of the Preliminary Plat for Hidden Acres <br />pursuant to Resolution Number 2004 -5- [ 00 adopted by the City Council of Little Canada at their <br />meeting of May 26, 2004. It is anticipated that Final Plat approval is to be granted on July 28, <br />2004. <br />WHEREAS, Developer proposes the construction of certain improvements within said <br />Plat. Said improvements include the general improvements to serve the Plat and adjoining <br />properties (hereinafter individually and collectively referred to as the "Required <br />Improvements "). <br />WHEREAS, the Developer is preparing final plans and specifications for the Required <br />Improvements; and <br />NOW THEREFORE, the City and Developer agree as follows: <br />_ 1 _ <br />