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Alino Addition <br />Development Contract <br />December, 2013 <br />IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the <br />I.DEVELOPER IMPROVEMENTS <br />A.The Developer shall place iron monuments at all lot and block corners and at all <br />other angle points on boundary lines. <br />B.The Developer shall dedicate to the Cityat no cost to the City, any permanent or <br />temporary easements that may benecessary for the construction and installation <br />st <br />of the 21AvenueImprovements. All such easements required by the City shall <br />be in writing, in recordable form, containing such terms and conditions as the City <br />shall determine. <br />C.The Developer shall make provision that all gas, telephone, cable TV and electric <br />utility designs be submitted to the City for review and approval prior to <br />construction of the improvements. Following review and approval by the City, <br />the Developer shall insure that all installations comply with applicable City, <br />County and State design standards and show proof of security arrangements with <br />said utility companies. <br />II.CITY IMPROVEMENTS <br />A.There are no Developer installedCity Improvements for this project.The <br />Developer has entered into a Petition and Waiver Agreement with the City for the <br />st <br />installation of utility and street improvements associated with the extension of 21 <br />Avenue from Main Street north to the northerly property of the plat. <br />III.RECORDING AND RELEASE <br />A.The Developer agrees that the terms of this Development Contract shall be a <br />covenant on any and all property included inthe Subdivision. The Developer <br />agrees that the City shall have the right to recorda copy of this Development <br />Contract with the Anoka County Recorder to give notice to future purchasers and <br />owners. This Development Contract shall be recorded against the Subdivision <br />described on Page 1 hereof. City shall provide to Developer upon completion of <br />Developer’s private improvements, areleaseof such parcel from the terms and <br />conditions of this Development Contract subject to provisions contained in this <br />contract. <br />IV.REIMBURSEMENT OF COSTS <br />A.The Developer agrees to establish a non-interest bearing escrow account with the <br />City in an amount determined by the City Administratoror his designee for the <br />payment of all costs incurred by theCity related to the reviewof the Subdivision <br />including, but not limited to, the following (See Attachment Cfor breakdown of <br />costs): <br />page 2 <br /> <br />