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GRADING AGREEMENT <br />Natures Refuge North <br />THIS AGREEMENT is made this day of , 2025, by and between the City <br />of Lino Lakes ("City"), a Minnesota municipal corporation, and M/I Homes of Minneapolis/St. Paul <br />LLC. ("Developer"). <br />1. Subdivision. Developer received preliminary plat approval from the City by Resolution No. <br />25-61 for a plat known as Natures Refuge North ("Subdivision"). Unless otherwise stated, <br />all terms and conditions of this Agreement relate to work within the Subdivision. <br />2. Legal Description of Property. The Legal Description is attached hereto as Exhibit A. <br />3. 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 Natures Refuge North <br />preliminary plat civil construction plan set containing 15 sheets, prepared by <br />Carlson McCain, dated May 5, 2025. <br />4. Grading prior to Final Plat Approval. The Developer may grade the site at its sole cost in <br />conformance with the Developer Plans. In the event these improvements need to be <br />modified due to changes in the approved plans, Developer shall do so at its own <br />expense. Developer expressly acknowledges that grading the site prior to receiving full <br />project approvals is done at the Developer's risk. <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. <br />6. Developer Improvements. The Developer shall secure a contractor to install the <br />improvements described in this paragraph, or otherwise required herein to be installed <br />by Developer, hereinafter referred to as the "Developer Improvements," which <br />contractor shall be approved by the City in its absolute and sole discretion. The <br />Developer Improvements shall be constructed per the City Standard Specifications for <br />Construction January 2024, current version. <br />