09-10-07 Item 4F, Lake Johanna Woods

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H. Buildina Pads. The Developer shall provide soil borings or other proof that residential dwellings can be constructed on Lots 2 and 3, Block 1, Lake Johanna Woods within the approved building pad areas prior to the execution of the Final Plat by the City of Arden Hills. I. Manholes. The Developer shall be responsible for raising the manholes to the final grading elevations prior to the issuance of building permits. J. Notice. Any notices required pursuant to this Agreement shall be deemed properly served if sent by certified mail - return receipt requested to the following: 1 . If to the City: City of Arden Hills Attn: City Administrator 1245 West Highway 96 Arden Hills, Minnesota 55112 2. If to Developer: Arlene P. Boutin 1600 Lake Johanna Boulevard Arden Hills, Minnesota 55112 K. Default. The occurrence of any of the following shall be considered an "event of default" in the terms and conditions contained in this Agreement: 1. Failure of the Developer to comply with any of the terms and conditions contained in this Agreement within thirty (30) days of receipt of notice from the City. 2. The failure of the Developer to comply with any applicable ordinance or statute with respect to the development of the Property within thirty (30) days of receipt of notice from the City. L. Remedies. Upon the occurrence of any event of default, the City, in addition to any other remedy which may be available to it, shall be permitted to do any of the following: 1. City may make advances or take other steps to cure the default, and, where necessary, enter the Developer's Property for that purpose. Developer shall pay all sums so advanced or expenses incurred by the City, upon demand, with interest from the dates of such advances or expenses at the rate of 10% per annum. No action taken by the City pursuant to this section shall be deemed to 4