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DEVELOPMENT AGREEMENT LONG LAKE WOODS SECOND ADDITION THIS DEVELOPMENT AGREEMENT (the "Agreement") is made this day of , 20_, by and between the City of Mounds View, a Minnesota municipal corporation, (the "City"), and the following individuals and entities which shall be referred to collectively herein as the "Developer": Harstad Hills, Inc. a Minnesota business corporation, NuWay Development Incorporated, a Minnesota business corporation, Daniel A. Behnken and Gwen Behnken, married to each other, Margaret M. Krig and Gary L. Krig, married to each other, Hans Leland Melgaard, as Trustee of the Hans Leland and Ilona L. Melgaard Trust U/A dated October 31, 2018, Carlos Nazareth and Lina Nazareth, married to each other, Charles Wesley Jennings, a single individual, and SMP Holding LLC, a Minnesota limited liability company. Recitals A. The individuals and entities that make up the Developer, except for Harstad Hills, Inc., are fee owners of certain real estate located in the City of Mounds View, Ramsey County, Minnesota, legally described as (See Exhibit A) (the "Property") B. The Developer desires to plat and develop the Property to contain 12 new single- family residential lots with access from a new northbound extension of Greenwood Drive (the "Subdivision"), subject to the conditions and requirements contained in the Mounds View City Code, this Agreement and state statutes. A general depiction of the new lots within the proposed Subdivision is attached hereto as Exhibit B. C. The Subdivision will require certain public improvements, including the aforementioned northbound extension of Greenwood Drive, the extension of public sewer and water, and storm sewer improvements, and grading and other site preparation, all in order to provide adequate access and public utilities to said new lots (collectively, the "Public Improvements"). 1 MU210-262-628764.v18