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EVEREST DEVELOPMENT, LTD. AND COMMERCIAL <br />PROPERTY INVESTMENTS DEVELOPMENT AGREEMENT NO. 87-81 <br />EXHIBIT 2A <br />In addition to the foregoing conditions, the developer agrees to <br />the following: <br />1. Pay a park dedication fee of $175,000 to be paid as <br />follows: <br />$50,000 by December 31, 1987 and, <br />$12,500 per year for the years 1988 through <br />1997 by December 31st of each year. <br />2. Obtain City approval of the final plat and provide <br />evidence of recording of said plat at Ramsey County <br />prior to submitting building applications. <br />3. The Developer shall remove all billboards from the <br />P.U.D. by December 1, 1987, or as soon thereafter as <br />Developer may legally do so. <br />4. The Developer shall secure approval from Rice Creek <br />Watershed District prior to awarding construction <br />contracts. <br />5. All utilities shall be installed underground. <br />6. All public utilities shall be installed by <br />December 31, 1988. This includes the following: <br />a) <br />b) <br />c) <br />d) <br />e) <br />f) <br />g) <br />h) <br />i) <br />Water <br />Sewer <br />Gas <br />Streets <br />Berm along south side of County H-2 including <br />landscaping and sod <br />Signalize intersection at T.H. 10 <br />Street lights: <br />The Developer shall furnish and install <br />power to said street lights when Northern <br />States Power Company provides power to the <br />area <br />Traffic control signs including stop <br />intersection name signs <br />Telephone <br />(1) <br />signs, <br />street <br />7. The Devloper shall have recorded at Ramsey County on the <br />deeds of the lots adjacent to the storm water holding <br />pond that maintenance of said pond shall be the <br />responsibility of the property owner. Evidence of <br />recording shall be submitted to the City. If said pond <br />