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<br /> <br />DEVELOPMENT AGREEMENT <br />and <br />PLANNED UNIT DEVELOPMENT AGREEMENT <br />Woods Edge <br /> THIS AGREEMENT is made this _____ day of ____________, 2016, by and between the City <br />of Lino Lakes, a Minnesota municipal corporation, and D.R. Horton, Inc.-Minnesota, a Delaware <br />corporation (“Developer”). <br />1. Subdivision. Developer received preliminary plat approval from the City by Resolution No. <br />16-67 for a plat known as Woods Edge (“Subdivision”). Unless otherwise stated, all terms <br />and conditions of this Agreement relate to work within the Subdivision. <br />2. Final Plat Approval. The City’s approval of the final plat of Woods Edge, as legally <br />described on Exhibit A attached hereto, is contingent upon execution and delivery of this <br />agreement and all required petitions, bonds, security, and documents, and satisfaction <br />of all conditions of approval required by Resolution No. 16-100. The Final Plat is <br />attached hereto as Exhibit B. <br /> <br />3. Phased Development. The City may refuse to approve final plats of subsequent additions <br />of the plat if the Developer has breached this Agreement and the breach has not been <br />remedied. Development of subsequent phases may not proceed until Development <br />Agreements for such phases are approved by the City. <br />4. Developer Plans. <br />a. The Subdivision shall be developed in accordance with the following Developer <br />Plans, original copies of which are on file with the City Engineer. The Developer <br />Plans may be prepared and revised after entering into this Agreement, but must <br />be approved by the City before commencement of any work. If the plans vary <br />from the written terms of this Agreement, this Agreement shall control. <br />b. The Developer Plans as of the date of this Agreement are: <br />i. Woods Edge Grading, Drainage and Erosion Control plan set containing 6 <br />sheets, dated August 12, 2016, prepared by Westwood Professional <br />Services, Inc. received August 23, 2016. <br />ii. Woods Edge Street and Utility Construction plan set containing 13 sheets, <br />dated August 12, 2016, prepared by Westwood Professional Services, <br />Inc., received August 23, 2016.