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DEVELOPMENT CONTRACT <br />AGREEMENT, dated May 22, 1996, by and between the CITY OF LITTLE <br />CANADA, a Minnesota municipal corporation, ( "City ") and Mark Ashby Profit <br />Sharing Plan & Trust ( "Developer "). <br />1. Request for Improvement. The Developer has requested the City to <br />allow the construction of sanitary sewer, storm sewer, water main, curb and <br />gutter, bituminous drives, signage, and lighting necessary to serve and <br />provide access to the proposed plat of Stoneridge, within the City of <br />Little Canada to serve the following described property, as shown on <br />Exhibit "A ": <br />Lots 1 through 9, Block 1, Stoneridge, County of Ramsey, State of <br />Minnesota. <br />2. Conditions of Approval. The City hereby approves construction of <br />necessary extensions of sanitary sewer, storm sewer, water main, curb and <br />gutter, bituminous drives, signage, and lighting to serve the Stoneridge <br />plat, conditioned upon the Developer entering into this Agreement and <br />guaranteeing compliance with terms of this Agreement. <br />3. Compliance with Laws and Regulations. The Developer represents <br />to the City that to the best of its knowledge the construction of <br />improvements to serve the Stoneridge subdivision will comply with all City, <br />County, Metropolitan, State and Federal laws and regulations, including, <br />but not limited to, subdivision ordinances, zoning ordinances, noise <br />ordinances, and environmental regulations; including wetland impact and <br />mitigation. The Developer shall obtain all necessary permits and consents <br />for the project including, but not limited to, the permit required by the <br />Minnesota Department of Health due to the water main extension, any <br />necessary permits required from the Minnesota Pollution Control Agency for <br />-1- <br />Page 128 <br />