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DEVELOPMENT CONTRACT <br />Ravens Hollow - Site Grading Only <br />THIS AGREEMENT made this 13th day of October, 2003, is by and between the <br />City of 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 KG Development whose address is P.O. Box 190, North Branch, Minnesota, 55056, <br />hereinafter referred to as the "Developer ". <br />WHEREAS, the Developer has received preliminary plat approval from the City <br />Council for a plat of land within the corporate limits of the City known as Ravens Hollow, <br />hereinafter called "Subdivision ", said land is legally described to -wit <br />All that part of Lot Eight (8), Auditor's Subdivision No 107, according to the map or plat thereof <br />on file and of record in the <br />office of the Register of Deeds in and for. Anoka County, Minnesota, that lies East of the line <br />which is parallel to and 660.3 <br />feet East of the most westerly line of said Lot 8, as measured along the South line of said Lot 8. <br />Subject to an easement for <br />roadway purposes over and across the North 33 feet thereof and, subject to existing highway <br />encumbrances over the East 33 <br />feet thereof and subject to a perpetual easement for ingress and egress across that part of Lot 8, <br />Auditor's Subdivision No 107, <br />Anoka County, Minnesota described as follows: <br />Beginning at a point on the North line of said Lot 8, distant 324 feet West from the Northeast <br />corner of said Lot 8; thence <br />southerly at a right angle to said North line 120 feet, thence westerly at a right 100 feet; thence <br />northwesterly to a point on the <br />