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DEVELOPMENT CONTRACT <br />Marshan Estates <br />THIS AGREEMENT made this 26th day of July, 2004, is by and between the City of <br />Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a <br />municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to as <br />the "City ", and Clyde Rehbein, 5618 Heather Ridge Court, Shoreview, Minnesota, 55126, <br />hereinafter referred to as the "Developer". <br />WHEREAS, the Developer has received approval from the City Council for a plat <br />of land within the corporate limits of the City known as Marshan Estates, hereinafter called <br />"Subdivision "; said land is legally described to -wit <br />That part of the Southeast Quarter of the Northwest Quarter of Section 17, Township 31, Range <br />22, Anoka County, Minnesota, described as follows: <br />Commencing at the southeast corner of said Southeast Quarter of Northwest Quarter; thence <br />North 00 degrees, 04 minutes, East, assumed bearing along the east line thereof 269.91 feet to the <br />point of beginning of the land to be described; thence North 66 degrees, 01 minute West 212.56 <br />feet; thence South 23 degrees, 59 minutes West 91 feet to the center of a 50 foot radius cul -de- <br />sac; thence South 13 degrees, 59 minutes West 281.87 feet to a point on the south line of said <br />Southeast Quarter of Northwest Quarter distant 1013.21 east from the southwest comer thereof; <br />thence South 89 degrees, 56 minutes West along said south line 65.80 feet; thence North 02 <br />degrees, 25 minutes West 38.11 feet; thence North 02 degrees, 39 minutes East 28.5 feet; thence <br />North 28 degrees, 47 minutes West 75 feet; thence North 46 degrees, 56 minutes West 35.5 feet; <br />thence North 23 degrees, 10 minutes West 58.00 feet; thence North 40 degrees, 40 minutes West <br />39.00 feet; thence North 46 degrees, 19 minutes West 61.00 feet; thence North 71 degrees, 17 <br />minutes West 30.00 feet; thence North 54 degrees, 16 minutes West 39.50 feet; thence North 78 <br />degrees, 56 minutes West 53.95 feet; thence North 21 degrees, 42 minutes,12 second East 202.62 <br />feet; thence North 65 degrees, 56 minutes, 34 seconds West 198.03 feet to the southeasterly <br />right -of -way line of Old Trunk Highway No. 8; thence North 24 degrees, 56 minutes East 283.96 <br />feet along said right -of -way line to a point distant 938.14 feet northeasterly from the south line of <br />said Southeast Quarter of Northwest Quarter as measured along said right -of -way line; thence <br />South 66 degrees, 23 minutes East 242.6 feet; thence South 24 degrees, 14 minutes West 213.98 <br />-88- <br />