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__ _ _ .. . . <br />CITY OF ARDEN HILLS <br />FOX RIDGE <br />DEVELOPMENT AGREEMENT <br />PC# 11-009 <br />1.0 Parties. This Development Agreement is dated the 1St day of June 2011, and is entered <br />into by and between the City of Arden Hills, a Minnesota. statutory ciry ("City") axzd Pulte <br />Homes of Minnesota LLC, a Minnesota limited liability corporation {"Developer"). <br />2.0 Recitals. <br />A. The Estaie of George Reiling is th� r�cord fee owner a� the fallowing property <br />located in the City of Arden Hills, Ramsey County, MN ("Property"): <br />The Nortnwest Quarter of the Northwest Q�at-�er (NW '/4 of <br />NW 1/a) of Section 22, Taysmship 30, Range 23, except the <br />following parcels: <br />Parcel 1: The South 10Q feet of the West 435.06 feet <br />thereof; <br />Parcel 2: The East �}50 feet of the West 715 feet of ihe <br />North 342 feet thereof; <br />Parcel 3: The North 150 feet of the South 550 feet of the <br />West 290 feet thereof; <br />Parcel 4: The East 130 feet of the West 895 feet of the <br />North 342 feet thereof; and <br />Parcel 5: That part thereof platted as Keithsan Addition, <br />Ramsey Co�nty, Minnesota. <br />B. Developer has signed a contingent Real Estate Purchase Agree�nent to acquire the <br />Property from the Estaie of George Reiling. <br />C. The Developer submitted a completed application on the 28�' day of April, 2011 <br />requesiing the City to approve the final plat of the Property for development as <br />single �amily detached residential dwellings ("Developmen� Ap�lication"). <br />D. The Property is proposed to be platted as "Fox Ridge". <br />3.0 Citv Plannin� Commission Review. On the 4th day of May, 2011, the Ard�n Hills <br />Plan�ung Comm�ssion r <br />eviewed the Development Application; the reports and cornrr�ents <br />submitted by the City staff and consultants; any reports and comments submitted by the <br />