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0. EXHIBIT 2A <br />DEVELOPMENT AGREEMENT 02-52 <br />1' In addition to Lite foregoing condition, the Developer agrees to the <br />following: <br />1. Tile ::ce Developer authors the City to transfer surplus escrow <br />fees paid at the time of application for use to pay for the <br />cost of inspection and administration for the Pond control <br />structure and electrical hook-up of the strectlights. The <br />Developer further agrees to pay all bills received within <br />30 days of receipt should the cash escrow be inadequate. <br />2. The Developer agrees to make SWM payments in a total amount <br />of $170,411.21 which will fulfill the Developer's responsibility <br />for fees required by Chapter 25 of the Municipal Code. The <br />payment will be made in Lite amount of $0,495.77 per.building <br />permit request for the lots described below: <br />Block 7 Lots 1-11 <br />Block 8 Lots 1-10 <br />3. Tite Developer agrees to submit necessary permit approvals from <br />the Rice Creek Watershed District as required prior to the <br />City's building permit approval. <br />4. Completion of the pond and control structure shall be made no <br />later than November 15, 1982 for acceptance by the City. <br />5. Completion of the electrical hook-up of streetlights as installed <br />with the Mounds View Improvement• Project 81-3 will be the <br />responsibility of the Developer. Ilook-up shall be made within <br />15 days after power is available. <br />elow <br />re <br />6 permitsm <br />mand devol�opmenteagreemenLlseasbthey arc lbeing 1proposate <br />Developent of. proposed <br />by the Developer. <br />Silver Lake Woods <br />Block 9 Lot 1 <br />Block 10 Lot .t <br />Block 11 Lot 1 <br />Block 12 Lot 1 6 2 <br />7. '1'h ity may reduce the Developer's security deposit as <br />sul rt, ntial Compwon or Lite. Silver apc Woo Plat ccurs. <br />I�Q CTie City ��� �`ur L' ie Deveioper <br />l/ <br />- <br />-- —�---- Ua <br />Date F <br />