Laserfiche WebLink
DEVELOPMENT CONTRACT <br />Grandview <br />THIS AGREEMENT made this 22nd day of October, 2007, 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 Royal Oaks Realty whose address is 1000 County Road E Suite 150, Shoreview, <br />Minnesota 55126 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 Grandview hereinafter <br />called "Subdivision", said land is legally described to -wit <br />Lots 1- 4 Block 1 and Lots 1-4 Block 2, Grandview Plat. <br />WHEREAS, the Developer is to be responsible for the installation and financing of <br />certain private improvements within the Subdivision; and <br />WHEREAS, said private improvements include grading, drainage, sanitary sewer, <br />water, and driveway improvements; 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 recording of <br />final plat. <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 />