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DEVELOPMENT AGREEMENT <br />and <br />PLANNED UNIT DEVELOPMENT AGREEMENT <br />Main Street Shoppes 2nd Addition <br />THIS AGREEMENT is made this day of , 2019, by and between the <br />City of Lino Lakes, a Minnesota municipal corporation, and CM Properties 14, LLC <br />("Developer"). <br />1. Subdivision. Developer received preliminary plat approval from the City by Resolution <br />No. 18-35 for a plat known as Main Street Shoppes 2nd Addition ("Subdivision"). Unless <br />otherwise stated, all terms and conditions of this Agreement relate to work within the <br />Subdivision. <br />2. Final Plat Approval. The City's approval of the final plat of Main Street Shoppes 2nd <br />Addition, as legally described on Exhibit A attached hereto, is contingent upon execution <br />and delivery of this agreement and all required petitions, bonds, security, and <br />documents, and satisfaction of all conditions of approval required by Resolution No. 19- <br />09. The Final Plat is attached hereto as Exhibit B. <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. Main Street Shoppes 2nd Addition Preliminary Site Improvement Plans <br />containing 10 sheets, dated November 30, 2018, prepared by Carlson <br />McCain. <br />5. Permits. The Developer shall be responsible for securing all site grading and <br />development approvals and permits from all appropriate Federal, State, Regional and <br />