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DRAFT 4.15.2004 • EXHIBIT E HIDDEN HOLLOW DEVELOPERS AGREEMENT THIS AGREEMENT is made this day of , 2004,by and between the CITY OF MOUNDS VIEW, a Minnesota municipal corporation, the "City", and Pro Craft Development, LLC, a limited liability company under the laws of the State of Minnesota (the "Developer"). Recitals A. The Developer is the fee owner of certain real estate located in Ramsey County, Minnesota,legally described as (See EXHIBIT A) (hereinafter referred to as the "Property"). • B. The Developer shall plat the Property consistent with the preliminary plat of HIDDEN HOLLOW approved by the City Council in Resolution No. on , 2004, subject to the conditions and requirements contained in the authorizing resolution, the Mounds View City Code and state statutes. C. The Developer desires to have certain public improvements constructed to serve the Property as described in Exhibit B attached hereto and hereby made a part hereof (hereinafter referred to as the"Improvements"). D. The Developer will cause the construction of certain building site preparation, grading, drainage, etc. improvements to serve the Property as described in Exhibit D attached hereto and hereby made a part hereof(hereinafter referred to as the"Site Preparation"). E. The Developer wishes the City to construct the Improvements without notice of hearing or hearing on the Improvements, and without notice of hearing or hearing on the special assessments levied to fmance the Improvements, and to levy 100 percent of the cost of the Improvements against the Property. F. The City is willing to construct the Improvements in accordance with the request of the Developer and without such notices or hearings, provided the assurances and covenants hereinafter stated are made by the Developer to ensure that the City will have valid and collectable 0 special assessments as they relate to the Property to fmance all of the costs of the Improvements. SJR-245249v4 MU205-29 E-1