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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />CITY OF LINO LAKES <br /> <br />TEMPORARY OCCUPANCY AGREEMENT <br />FOR MODEL HOMES <br /> <br /> This Agreement is entered into by and between the City of Lino Lakes, Minnesota, <br />a municipal corporation, and U.S. Home Corporation, a Delaware corporation <br />(“Developer”) <br /> <br />Recitals <br /> <br />1. Developer and the City entered into a Development Contract & Planned Unit <br />Development Agreement dated March 7, 2019, 2021, for development of the <br />(“Watermark plat.”). Developer and the City have also entered into a Development <br />Contract for development, specifically, of the 4th Addition of the Watermark plat <br />(collectively the “Development Agreement”). <br />2. Developer seeks to construct home s within the development on the parcels legally <br />described as Lots 1-8, Block 1, Lots 1-4, Block 2, Lots 1-6, Block 4, and Lots 1-6, <br />Block 5, Watermark 4th Addition (“Subject Properties”). Developer acknowledges <br />that they are eligible for 37 total model homes for the Watermark plat, and that <br />with the 7 prior model homes allowed in the Watermark plat and the proposed <br />additional 26 model homes, that there are 4 remaining model home allowances for <br />all future Watermark plats as allowed under City Code. If the Developer does not <br />obtain model home permits for all 24 Subject Properties the balance shall <br />carryover to future additions. <br />3. The Development Agreement and City Code prohibit the building and occupancy <br />of homes, whether by Developer, another builder or a private owner, unless all <br />required Developer improvements are completed and accepted by the City.