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Marshan Meadows <br /> Development Contract <br /> 3-13-2006 <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,the builder shall <br /> enter into a separate agreement with the City which would not allow the <br /> building to be occupied after issuance of certificate of occupancy by anyone <br /> other than the builder for exhibiting the home for model purposes nor would <br /> they convey the property to any other third parties by any means until all of <br /> the public and private utilities have been installed to serve the building and <br /> accepted by the City. This includes all other requirements provided in this <br /> agreement <br /> D. The Developer further agrees that an as-built survey certifying that all the grading <br /> complies with the grading plan prior to issuance of building permits. <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 <br /> responsibility of the Developer,its purchasers,builders or contractors to ensure <br /> compliance with the grading plan. <br /> VII. HOURS OF CONSTRUCTION ACTIVITY <br /> A. All construction activity shall be limited to the hours as 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 /> VIII. OWNERSHIP OF IMPROVEMENTS <br /> A. Upon completion of the work and construction required by this contract and <br /> acceptance by the City, the utility and driveway improvements lying within the <br /> public easements shall become the property of the Developer, Property Owners, or <br /> their heirs and assigns, and shall include all maintenance and operation of all <br /> improvements for perpetuity. However,the City of Lino Lakes, in the interest of <br /> public health and safety, shall reserves the right to enter said property and maintain <br /> facilities upon reasonable notice. Any costs incurred by the City of Lino Lakes to <br /> page 9 <br />