July 5, 2006 CCP - Laserfiche WebLink

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DEVELOPMENT AGREEMENT CITY OF LAKE ELMO (Draft June 30, 2006) 1.00 Parties. This Agreement is dated the _ day of , 2006, and is entered into by and between City of Lake Elmo, a Minnesota municipal corporation (herein ACity@); and United Land LLC, a Minnesota limited liability company (herein "Developer"). 2.00 Property Description. The Developer represents that it is the record fee owner of the property described on Exhibit A, attached and incorporated herein, which will be platted as Eagle Point Circle, as dedicated on proposed HOA 2"d Addition Plat. 3.00 Final Plat Approval. On the day of , 2006, the City Council approved the final plat of HO�Addition, which is attached and incorporated as Exhibit B. The City's approval was conditioned upon the Developer entering into this Development Contract. 4.00 Terms and Conditions. NOW, THEREFORE, in reliance upon the representations contained herein; in compliance with the City's Zoning and Subdivision Regulations; and in consideration of the mutual undertakings herein expressed, the parties agree as follows: 4.01 Developer Improvements. The Developer shall construct the following improvements in compliance with plans and specifications which have been reviewed and approved by the City's Consulting Engineer, which are attached and incorporated herein as Exhibit_: A. Site Grading and Turf Restoration. Site grading improvements shall include common excavation, subgrade correction, embankment and pond excavation. Turf restoration shall include seeding, mulching and erosion control. Site Grading Improvements shall be completed on or before the 31s1 day of October, 2006. 2. Turf restoration improvements shall be completed on or before the 319t day of October, 2006. B. Landscaping. Developer shall complete all landscaping improvements on or before the 30t" day of November, 2006. C. Storm Sewer. Storm sewer improvements include all necessary storm sewers, catch basins, culverts, and other apparatus. Storm sewer