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Marshan Meadows <br />Development Contract <br />3 -13 -2006 <br />1. Whenever in this agreement it shall be required or permitted that notice or <br />demand be given or served by either party to this agreement to or on the <br />other party, such notice or demand shall be delivered personally or mailed by <br />United States mail to the addresses hereinbefore set forth on Page 1 by <br />certified mail (return receipt requested). Such notice or demand shall be <br />deemed timely given when delivered personally or when deposited in the <br />mail in accordance with the above. The addresses of the parties hereto are as <br />set forth on Page 1 until changed by notice given as above. <br />C. Final Plat Approval <br />The City agrees to give final approval to the plat of the Subdivision upon execution <br />and delivery of this agreement and all required petitions, bonds, security, and <br />documents including the following: <br />1. The existing well must be properly capped and the existing septic system <br />must be properly abandoned per all applicable requirements. <br />2. Park dedication shall be cash in the amount of $41,500 (20 lots @ $2,075) <br />less the cost of constructing sidewalks. <br />3. Issues discussed in the February 15, 2006 TKDA memo must be addressed <br />to the satisfaction of the City Engineer. The grading plan revised to <br />include Lots 13 and 14 must meet City requirements as determined by the <br />City Engineer. <br />4. Stage Coach Trail and the water line shall be constructed to the south <br />property line as shown in the April 4, 2005 plans. <br />5. Lot line easements shall be shown on the final plat. <br />6. Right of entry along Lake Drive shall be dedicated to Anoka County on the <br />final plat. <br />7. Anoka County permit requirements shall be met for the new road access to <br />Lake Drive, including any required improvements to Lake Drive. <br />8. The developer must place one conservation easement entry monument sign <br />per lot bordering said conservation easement. The developer must also <br />submit Anoka County NAD 83 Coordinates of the sign locations on the <br />Final As -Built Drawing. <br />9. A conservation easement shall be granted over the drainage and utility <br />easement along the wetlands bordering the lake. Easement restrictions <br />shall be defined prior to City Council approval of the final plat. <br />page 11 <br />-51- <br />