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DEVELOPMENT CONTRACT <br />PINETREE POND <br />THIS CONTRACT, MADE THIS day of , 2013, 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 acquired properties at 2966 Arcade, 2945 Labore Road, and <br />2959 Labore Road to he redeveloped into a residential subdivision, and <br />WHEREAS, City and Developer entered into a Cooperative Development Agreement <br />Dated December 1, 2008 and amended January 13, 2010 as a precursor to the redevelopment <br />project addressed in this Development Contract. <br />WHEREAS, Developer has platted the acquired property situated in the City of Little <br />Canada, County of Ramsey, as Pinetree Pond, and <br />WHEREAS, Developer was granted approval of the Preliminary Plat for Pinetree Pond <br />pursuant to Resolution Number 2013 -2 -32 adopted by the City Council of Little Canada at their <br />meeting of February 28, 2013; and Final Plat approval pursuant to Resolution Number 2013 -4 -64 <br />at the council meeting of April 24, 2013, and <br />_I_ <br />