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Development Contract <br />Speiser Acres <br />6. Water, laterals or extensions, including all necessary building services, <br />hydrants, valves and other appurtenances. <br />7. The Developer shall place iron monuments at all lot and block comers and at <br />all other angle points on boundary lines. Iron monuments shall be placed <br />after all street and lawn grading has been completed in order to preserve the <br />lot markers for future property owners. Lot corner irons on the back <br />property line shall be installed so that the top of the iron corresponds to the <br />finished ground elevation in accordance with the approved grayling plan - <br />guard stakes shall be appropriately installed to mark these irons. <br />8. The Developer shall dedicate to the City, prior to approval of the final plat, <br />at no cost to the City, all permanent or temporary easements necessary for <br />the construction and installation of the Developer Improvements. All such <br />easements required by the City shall be in writing, in recordable form, <br />containing such terms and conditions as the City shall determine. <br />9. The Developer shall be responsible for securing all site grading and <br />development approvals and permits from all appropriate Federal, State, <br />Regional and Local jurisdictions prior to the commencement of site grading <br />or construction and prior to the City awarding construction contracts for <br />public utilities. <br />10. Cost of Developer Improvements, description and completion dates are as <br />shown on Attachment A. <br />IIL CITY IMPROVEMENTS <br />A. There are no City Improvements for this project. <br />W. 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 agrees <br />that the City shall have the right to record a copy of this Development Contract with <br />the Anoka County Recorder to give notice to future purchasers and owners. This <br />shall be recorded against the Subdivision described on Page 1 hereof. City shall <br />provide to Developer upon payment of all the special assessments levied against a <br />parcel, a release of such parcel from the terms and conditions of this Development <br />Contract subject to provisions contained in this contract. <br />V. 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 development of the <br />page 4 <br />