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• <br />• <br />• <br />DEVELOPMENT CONTRACT <br />Speiser Acres <br />THIS AGREEMENT made this 25th day of October, 2004, is by and between the <br />City of Lino Lakes, whose address is 600 Town Center Parkway, Lino Lakes, Minnesota, 55014, a <br />municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to as <br />the "City ", and Jeff and Mani Sawyer, hereinafter referred to as the "Developer ". <br />WHEREAS, the Developer has received preliminary plat approval from the City <br />Council for a plat of land within the corporate limits of the City known as Speiser Acres, hereinafter <br />called "Subdivision ", said land is legally described to -wit <br />That part of Government Lot 6 lying Easterly of Shenandoah 3rd Addition and lying Southerly of <br />the following described line: Beginning at Northeast comer of Block 5, Shenandoah 3rd <br />Addition, thence Southeasterly to Southeast corner of said Government Lot 6 and there <br />terminating; <br />AND <br />The South 229.74 feet of the East 104.35 feet of the West 744 feet of the Northwest quarter of <br />the Southwest quarter of Section 29, Township 31, Range 22, Anoka County, Minnesota, said <br />distance being measured parallel to the South and West lines of said Northwest quarter of the <br />Southwest quarter, <br />AND <br />The Northwest quarter of Southwest quarter of Section 29, Township 31, Range 22, Anoka <br />County, Minnesota, Except the South 229.74 feet of East 104.35 feet of West 744 feet thereof, <br />also except East 208.7 feet of West 952.7 feet of the South 208.7 feet of said quarter quarter, also <br />except that part of said quarter quarter described as following: Beginning at a point on South line <br />of said quarter quarter 1145 feet East of Southwest Comer thereof, thence North parallel with <br />West line of said quarter quarter 615 feet, thence East parallel with said South line 169.75 feet <br />plus or minus to East line of said quarter quarter, thence South along said East line 615 feet plus <br />or minus to Southeast corner of said quarter quarter, thence West along said South line 169.65 <br />feet plus or minus to point of beginning; also except that part of said quarter quarter described as <br />following: Beginning at Southeast corner of Shenandoah 3rd Addition, thence South 89 degrees <br />