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DEVELOPMENT AGREEMENT <br /> Milestones Addition <br />THIS AGREEMENT is made this _____ day of ____________, 2023, by and between the City <br />of Lino Lakes (“City”), a Minnesota municipal corporation, and MEP Lino Lakes L.L.C. a Minnesota <br />Limited Liability Company (“Developer”). <br />1.Subdivision. Developer received preliminary plat approval from the City by Resolution No. <br />23-53 for a plat known as Milestones Addition (“Subdivision”). Unless otherwise stated, all <br />terms 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 Milestones Addition is <br />contingent upon execution and delivery of this agreement, all required petitions, bonds, <br />security, and other documents required by the City, and satisfaction of all conditions of <br />approval required by Resolution No. 23-86. The Final Plat including 2 lots is attached <br />hereto as Exhibit A. <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 and are fully executed. <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.Milestones Childcare Center plan set containing 10 sheets, prepared by <br />SISU Land Surveying and Engineering, revised July 28, 2023. <br />ii.Lil’ Explorers Landscape Plan containing 1 sheet, dated July 12, 2023, <br />prepared by Midwest Landscapes. <br />5.Permits. The Developer shall be responsible for securing all site grading and <br />development approvals and all other required permits from all appropriate Federal, <br />State, Regional and Local jurisdictions prior to the commencement of site grading or <br />construction and prior to the City awarding construction contracts for public <br />improvements. <br />Attachment 4: Development Agreement