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JOINT POWERS AGREEMENT <br />AND DEVELOPMENT AGREEMENT <br />THIS AGREEMENT, made this day of , 2001, by and <br />among the City of Hugo, Washington, Minnesota ("Hugo"); the City of Lino Lakes, Anoka <br />County, Minnesota ("Lino Lakes"); and Pratt-Arnt-Oakwood, LLC, a Minnesota corporation <br />("Developer"). <br />WITNESSETH: <br />WHEREAS, the Developer has proposed to construct a planned unit development <br />major subdivision in the City of Hugo to be known as "Victor Gardens" ("The Property"); and, <br />WHEREAS, the Developer desires to service the property with a municipal water <br />system; and, <br />WHEREAS, Hugo Plans to provide water service to this area by the year 2005; <br />and, <br />WHEREAS, Hugo does not currently possess the ability to service the property <br />with its existing municipal water system, however, the Hugo envisions that it will be expanding <br />its municipal water service in the future so that the Hugo may, in the future, possess the ability to <br />service the property with its own municipal water system; and, <br />WHEREAS, Lino Lakes does currently possess the ability to service the property <br />with its existing municipal water system; and, <br />WHEREAS, the parties hereto desire to enter into a Joint Powers Agreement to <br />allow Lino Lakes to service the property with its municipal water system until Hugo can extend <br />its own municipal water system to the property; and, <br />