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• <br />Development Contract — Site Grading Only <br />Marshan Meadows <br />October 10, 2005 <br />B. The Developer shall submit an as-built survey certifying that all the grading complies <br />with the grading plan prior to issuance of building permits. <br />C. Model Homes <br />The City agrees that one structure per ten (10) acres (1 home) can be installed as <br />model homes upon approval of the Development Contract (Site Grading Only). The <br />right to obtain such building permits shall be contingent upon the following: <br />1. Execution of this development contract, providing a Letter of Credit in the <br />amount of $100,000.00 and an escrow amount of $10,000.00. <br />2. Construction shall be limited to maintain a minimum distance of 150' from <br />the furthest exterior wall to an improved gravel street as per the State Fire <br />Code. The Developer may construct and maintain such access in order to <br />meet said requirements. <br />3. Prior to release of the building permits for one structure per ten (10) acres (1 <br />home), the builder shall enter into a separate agreement with the City which <br />would not allow the building to be occupied after issuance of certificate of <br />occupancy by anyone other than the builder for exhibiting the home for <br />model purposes nor would they convey the property to any other third <br />parties by any means until all of the public and private utilities have been <br />installed to serve the building and accepted by the City. This includes all <br />other requirements provided in this agreement <br />D. Each lot must comply with erosion control measures to prevent any material from <br />leaving the lot. The City of Lino Lakes will not perform any requested inspections on <br />the lot until it complies to the erosion control requirements. <br />E. Each lot must have a City approved Certificate of Grading showing the as -built <br />survey prior to an issuance of a Certificate of Occupancy. It shall be the responsibility <br />of the Developer, its purchasers, builders or contractors to ensure compliance with the <br />grading plan. <br />VII. HOURS OF CONSTRUCTION ACTIVITY <br />A. All construction activity shall be limited to the hours set out in City Ordinances as <br />follows: <br />Monday through Friday 7:00 a.m. to 7:00 p.m. <br />Saturday 9:00 a.m. to 5:00 p.m. <br />Sunday and Holidays No working hours allowed <br />page 9 <br />