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<br /> <br />DEVELOPMENT AGREEMENT <br />Nadeau Acres <br /> THIS AGREEMENT is made this _____ day of ____________, 2020, by and between the City <br />of Lino Lakes, a Minnesota municipal corporation, and BL Holdings, LLC. (“Developer”). <br />1. Subdivision. Developer received preliminary plat approval from the City by Resolution No. <br />20-20 for a plat known as Nadeau Acres (“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 Nadeau Acres, 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. 20-83. The Final Plat is attached <br />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. Nadeau Acres Sanitary Sewer, Water Main, Storm Sewer and Street <br />Construction plan set containing 17 sheets, dated June 3, 2020, prepared <br />by Carlson McCain, received June 8, 2020. <br />ii. Nadeau Acres Final Grading plans containing 6 sheets, dated June 3, <br />2020, prepared by Carlson McCain, received June 8, 2020 <br />iii. Nadeau Acres Landscape plans containing 2 sheets, dated June 3, 2020, <br />prepared by Carlson McCain, received June 8, 2020 <br />iv. Nadeau Acres Tree Preservation Plan containing 4 sheets, dated June 3, <br />2020, prepared by Carlson McCain, received June 8, 2020