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<br />196456v7 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(reserved for recording information) <br /> <br /> DEVELOPMENT CONTRACT (Developer Installed Improvements) <br /> <br /> HORITA ACRES <br />[PC #17-029] <br /> <br /> <br /> THIS DEVELOPMENT CONTRACT (“Agreement”) is dated <br />____________________, 2018, by and between the CITY OF ARDEN HILLS, a Minnesota <br />municipal corporation (“City”), and Timothy L. Horita, (the “Developer” and “Owner”). <br /> 1. REQUEST FOR APPROVAL. The Developer has asked the City to approve a <br />Development Application for the Final Plat of HORITA ACRES (referred to in this Contract as the <br />“Development”). The Developer desires to subdivide the existing lot at 3685 New Brighton Road, <br />Arden Hills, Minnesota, into three single-family residential lots with access from Thom Drive. <br />The land is situated in the County of Ramsey, State of Minnesota, and is legally described as set <br />forth on Exhibit A hereto (“Subject Property”). <br /> 2. CONDITIONS OF APPROVAL. <br /> A. The City hereby approves the Development on condition that the Developer <br />enter into this Agreement and furnish the security required by it.