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THIS AGREEMENT, made and entered into this /,5-t4 day o , 1986, by and between the City of Lake Elmo, a Minnesota unicipal Corporation (hereinafter called "City") and Lake Elmo Heights, a Minnesota Limited Partnership (hereinafter called "Developer), WITNESSETH: THAT: WHEREAS, the Developer have made application to the City Council for approval of a land development within the corporate limits of the City, described as follows: That part of the Northeast Quarter of the Northwest Quarter and that part of the Northwest Quarter of the Northwest Quarter of Section 21, Township 29 North, Range 21 West, described as follows: Commencing at the northeast corner of said Northeast Quarter of the Northwest Quarter; thence South 00 degrees 49 minutes 43 seconds East, bearing oriented to the Washington County Coordinate System, South Zone, along the east line of said Northeast Quarter of the Northwest Quarter a distance of 184.38 feet to the southerly line of Washington County Highway Right-of-way Plat No. 23 recorded as Document No. 393903 in the office of the County Recorder, Washington County, Minnesota and the point of beginning; thence continue South 00 degrees 49 minutes 43 seconds East along said east Iine 975.62 feet; thence South 89 degrees 10 minutes 17 seconds West 270.00 feet; thence North 51 degrees 01 minute 23 seconds West 312.41 feet; thence North 28 degrees 02 minutes 45 seconds West 185.79 feet; thence South 89 degrees 43 minutes 50 seconds West 781.78 feet to the west line of the East 62.5 feet of said Northwest Quarter of the Northwest Quarter, as measured at a right angle to the east Iine of said Northwest Quarter of the Northwest Quarter; thence North 01 degree 06 minutes 11 seconds West along said west Iine 540.00 feet to said southerly Iine of Washington County Highway Right-of-way Plat No. 23; thence North 81 degrees 05 minutes 01 second East along said southerly Iine 499.82 feet to the Right-of-way Boundary Corner No. B36 as shown on. said Washington County Right-of-way Plat No. 23; thence North 81 degrees 03 minutes 33 seconds East along said southerly Iine 380.70 feet to Right-of-way Boundary Corner No. 35 as shown on said Washington County Highway Right-of-way Plat No. 23; thence easterly along said southerly Iine and a tangential curve, concave to the south, having a radius of 3744.72 feet and a central angle of 05 degrees 43 minutes 18 seconds, a distance of 373.95 feet to Right-of-way Boundary Corner No. B34 as shown on said Washington County Highway Right-of-way Plat No. 23; thence South 49 degrees 31 minutes 46 seconds East along said southerly line 144.64 feet to Right-of-way Boundary Corner No. 33 as shown on said Washington County Highway Right-of-way Plat No. 23; thence North 89 degrees 11 minutes 37 seconds East along southerly Iine 26.68 feet to the point of beginning.