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Development Contract— Site Grading Only <br /> Pine Glen <br /> March 13, 2006 <br /> That part of the South Half of the Northwest Quarter of the Northwest Quarter of <br /> Section 9 Township 31, Range 22,Anoka County, Minnesota, lying Easterly and <br /> Southerly of the North 135 feet of the West 328.50 feet and Easterly of the <br /> Easterly line of Anoka County Highway Right-Of-Way Plat No. 17, according to <br /> the U.S. Government Survey,Anoka County, Minnesota. <br /> The South Half of the Northeast Quarter of the Northwest Quarter of Section 9, <br /> Township 31, Range 22, Anoka County, Minnesota. <br /> The South Half of the Northwest Quarter of the Northeast Quarter of Section 9, <br /> Township 31,Range 22, Anoka County,Minnesota. <br /> The South Half of the Northeast Quarter of the Northeast Quarter of Section 9, <br /> Township 31, Range 22,Anoka County, Minnesota, Except the Easterly 730.00 <br /> feet thereof. <br /> WHEREAS, the Developer has requested approval to commence with site grading <br /> activities, and <br /> WHEREAS, the City Subdivision Ordinance and Minnesota Statute 462.358 <br /> authorize the City to enter into a performance contract secured by cash escrow or other security to <br /> guarantee completion and payment of such improvements following final approval; and <br /> NOW, THEREFORE, in consideration of the mutual promises of the parties made <br /> herein, <br /> IT IS AGREED BY AND BETWEEN THE PARTIES HERETO:that the <br /> I. DESIGNATION OF IMPROVEMENTS <br /> A. Improvements to be installed at the Developer's expense by the Developer as <br /> hereinafter provided are hereinafter referred to as "Developer Improvements". <br /> B. Improvements to be installed by the City and financed by the Developer are <br /> hereinafter referred to as"City Improvements". <br /> II. DEVELOPER'S IMPROVEMENTS <br /> A. The Developer's Engineer shall prepare, at the Developer's expense, a grading plan, <br /> and street and utility plan. The Developer shall secure a contractor to install these <br /> improvements; said contractor shall be approved by the City at its ABSOLUTE <br /> discretion. All Developer improvements shall require City inspection and approval <br /> and, where appropriate, the approval of any other governmental agency having <br /> jurisdiction. The Developer will construct and install at Developer's expense the <br /> following improvements according to the following terms and conditions: <br /> page 2 <br />