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Alino Addition <br />Development Contract <br />December, 2013 <br />IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: that the <br />I. DEVELOPER IMPROVEMENTS <br />A. The Developer shall place iron monuments at all lot and block corners and at all <br />other angle points on boundary lines. <br />B. The Developer shall dedicate to the City at no cost to the City, any permanent or <br />temporary easements that may be necessary for the construction and installation <br />of the 21st Avenue Improvements. All such easements required by the City shall <br />be in writing, in recordable form, containing such terms and conditions as the City <br />shall determine. <br />C. The Developer shall make provision that all gas, telephone, cable TV and electric <br />utility designs be submitted to the City for review and approval prior to <br />construction of the improvements. Following review and approval by the City, <br />the Developer shall insure that all installations comply with applicable City, <br />County and State design standards and show proof of security arrangements with <br />said utility companies. <br />II. CITY IMPROVEMENTS <br />A. There are no Developer installed City Improvements for this project. The <br />Developer has entered into a Petition and Waiver Agreement with the City for the <br />installation of utility and street improvements associated with the extension of 21st <br />Avenue from Main Street north to the northerly property of the plat. <br />III. RECORDING AND RELEASE <br />A. The Developer agrees that the terms of this Development Contract shall be a <br />covenant on any and all property included in the Subdivision. The Developer <br />agrees that the City shall have the right to record a copy of this Development <br />Contract with the Anoka County Recorder to give notice to future purchasers and <br />owners. This Development Contract shall be recorded against the Subdivision <br />described on Page 1 hereof. City shall provide to Developer upon completion of <br />Developer's private improvements, a release of such parcel from the terms and <br />conditions of this Development Contract subject to provisions contained in this <br />contract. <br />IV. REIMBURSEMENT OF COSTS <br />A. The Developer agrees to establish a non- interest bearing escrow account with the <br />City in an amount determined by the City Administrator or his designee for the <br />payment of all costs incurred by the City related to the review of the Subdivision <br />including, but not limited to, the following (See Attachment C for breakdown of <br />costs): <br />page 2 <br />