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CITY OF LINO LAKES,MINNESOTA <br /> SITE IMPROVEMENT PERFORMANCE AGREEMENT <br /> THIS AGREEMENT made this 13th day of January, 2006, is by and between the <br /> City of Lino Lakes,whose address is 600 Town Center Parkway, Lino Lakes, Minnesota <br /> 55014, a municipal corporation organized under the laws of the State of Minnesota, <br /> hereinafter referred to as the "City", and Lino Lakes Lodging, LLC,whose address is <br /> 2750 County Road 74 Saint Cloud, Minnesota 56301, hereinafter referred to as the <br /> "Developer". <br /> WHEREAS, the Developer has received approval of Site Development <br /> Plans,hereinafter called the "Plans",by the City Council of the City on the 24th day of <br /> October, 2005, by Resolution No. 05-162 (Exhibit A) and in accordance with the Plans <br /> all of which are made a part hereof by reference. In consideration of such approval, the <br /> Developer, its successors and assigns, does covenant and agree to perform the work as set <br /> forth in the Plans, in the aforesaid approval, and as hereinafter set forth upon the real <br /> estate (hereinafter referred to as "Property")described as follows: <br /> Lot 4, Block 1, THE VILLAGE NO. 4, Anoka County,Minnesota, subject to <br /> easements,reservations and restrictions of record if any. <br /> NOW, THEREFORE, in consideration of the mutual promises of the parties made <br /> herein, <br /> Country Inn and Suites Performance Agreement.doc page 1 of 11 <br />