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Hidden Acres <br />Development Contract <br />STATE OF MINNESOTA} <br />} <br />COUNTY OF RAMSEY } <br />SS <br />The foregoing instrument was acknowledged before me this _ day of , 2004, <br />by the of Wesley Investments, Inc., a Minnesota <br />Corporation, on behalf of the Corporation. <br />Notary Public <br />Drafted By: <br />CITY OF LITTLE CANADA <br />515 E. Little Canada Road <br />Little Canada, MN 55117 <br />651- 766 -4029 <br />The Developer agrees to supply the City of Little Canada, prior to starting any grading work, an <br />Irrevocable Letter of Credit in an approved form and in an amount equal to 125% of the signed <br />bid for the work to be completed under the grading and retaining wall contract. <br />The Developer is moving forward with the project at his own risk. The Developer and the City <br />agree to work together to complete the approval of the project. Upon starting the grading portion <br />of the project, the City agrees to the grading plan as submitted on this date. <br />- 8 - <br />- 1 0 - <br />