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• <br />• <br />DEVELOPMENT CONTRACT <br />(Site Grading Only) <br />Main Street Village <br />THIS AGREEMENT made this 28th day of April, 2008, is by and between the City <br />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 Azure Properties, Inc. whose address is 95 South Owasso Blvd W. <br />Little Canada, Minnesota 55117 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 Main Street Village <br />hereinafter called "Subdivision ", said land is legally described to -wit <br />WHEREAS, the property is described as follows: <br />Tract A, registered land survey no. 240, Anoka County, Minnesota <br />and <br />That part of the Southwest Quarter of the Northeast Quarter of Section 24, Township 31, <br />Range 22 described as follows: <br />Beginning at the point of intersection of the South line of County State Aid Highway 14 <br />and the Easterly right -of —way line of Interstate No. 35E; thence East along said South <br />line of County State Aid Highway No. 14, a distance of 200 feet; thence at a right angle <br />South 250 feet; thence at a right angle West 298.22 feet to the easterly right of way line of <br />Interstate Highway No. 35E; thence Northerly along said Easterly right -of -way line <br />275.62 feet to the point of beginning, according to the United States Government Survey <br />thereof. <br />• activities, and <br />WHEREAS, the Developer has requested approval to commence with site grading <br />