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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(reserved for recording information) <br /> <br /> DEVELOPMENT CONTRACT <br />(Developer Installed Improvements) <br /> <br />VALENTINE BLUFF <br /> <br /> <br /> <br /> This DEVELOPMENT AGREEMENT (“Agreement”) is dated effective May ___, 2015, and <br />is entered into by and between the CITY OF ARDEN HILLS, a Minnesota statutory city (“City”) and <br />LANDMARK OF ARDEN HILLS, LLC, a Minnesota limited liability company (the “Developer”). <br /> <br /> 1. REQUEST FOR PLAT APPROVAL. The Developer submitted a completed <br />application on the 26th day of January, 2015, requesting the City to approve a plat for VALENTINE BLUFF <br />(referred to in this Contract as the "plat"). The land is situated in the County of Ramsey, State of Minnesota, and is <br />legally described on Exhibit A attached hereto (the “Subject Property”). The Developer will subdivide two <br />parcels of property into seven (7) single family lots. <br /> <br /> 2. CONDITIONS OF PLAT APPROVAL. On the 30th day of March, 2015, the Arden Hills <br />City Council approved the plat on condition that the Developer enter into this Contract, furnish the security <br />required by it, and record the plat with the County Recorder or Registrar of Titles within 180 days of the City <br />Council’s approval of the final plat. <br /> <br />3. CITY PLANNING COMMISSION REVIEW AND RECOMMENDATION. On the <br />4th day of March, 2015, the City Planning Commission reviewed the application at a public hearing and after <br />considering the application, the reports and comments of the City’s staff and consultants, reports and comments <br /> <br />1 <br />181229v1