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CITY OF LINO LAKES, MINNESOTA <br />SITE IMPROVEMENT PERFORMANCE AGREEMENT <br />SPIRIT HILL COMMERCIAL CENTER <br />THIS AGREEMENT made this day of , 20 , is by <br />and between the City of Lino Lakes, whose address is 600 Town Center Parkway, Lino <br />Lakes, Minnesota 55014, a municipal corporation organized under the laws of the State <br />of Minnesota, hereinafter referred to as the "City ", and KG Development, whose address <br />is P.O. Box 190, North Branch, Minnesota, 55056, hereinafter referred to as the <br />"Developer ". <br />WHEREAS, the Developer has received approval of Site Development Plans, <br />hereinafter called the "Plans" by the City Council of the City on the 25TH day of <br />November, 2002, by Resolution No. 02 -88 (Exhibit A) and in accordance with the Plans <br />all which are made a part hereof by reference. In consideration of such approval, the <br />Developer, its successors and assigns, does covenant and agree to perform the work as set <br />forth in the Plans, in the aforesaid approval, and as hereinafter set forth upon the real <br />estate (hereinafter referred to as "Property ") described as follows: <br />OUTLOT A, SPIRIT HILLS <br />NOW, THEREFORE, in consideration of the mutual promises of the parties made <br />herein, <br />if IS AGREED BY AND BETWEEN THE PARTIES HERETO: <br />L DESIGNATION OF IMPROVEMENTS. <br />A. Improvements on the project site to be installed at the Developer's <br />expense by the Developer as hereinafter provided are hereinafter referred <br />to as "On -site Work ". <br />Spirit Hills Performance Agreement 12!04/02 <br />1 <br />