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DEVELOPMENT AGREEMENT <br /> Apollo Landing—Grading Only <br /> THIS AGREEMENT made this 25 h day of July,2005, 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 Equinox Development whose address is 425 Arrowhead Drive,Minnesota 55014 <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 of Lino Lakes,Anoka County, <br /> Minnesota known as Apollo Landing,hereinafter called"Subdivision", said land is legally <br /> described to-wit <br /> That part of the West 660.00 feet of the Southeast Quarter of the Southwest Quarter of <br /> Section 8, Township 31, Range 22, lying South of the North 500.00 feet and North of the <br /> South 500.00 feet thereof, <br /> AND - <br /> That part of the West 500.00 feet of the South 500.00 feet of the Southeast Quarter of the <br /> Southwest Quarter of Section 8, Township 31, Range 22, lying easterly of the following <br /> described line: Commencing at the Southwest Corner of said Southeast Quarter of the <br /> Southwest Quarter; thence Easterly along the South line of said Southeast Quarter of the <br /> Southwest Quarter a distance of 320.00 feet to the actual point of beginning of the line to <br /> be described: thence Northerly at a right angle, a distance of 500.00 feet and there <br /> terminating, <br /> AND <br />