7A, PC 08-003, Christensen Prelim Plat and FInal Plat

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DEVELOPMENT AGREEMENT CITY OF ARDEN HILLS RICHARD J. CHRISTENSEN PC NO. 08-003 1.0 Parties. This Agreement is dated the day of , 2008 and is entered into by and between City of Arden Hills, a Minnesota statutory city, (herein "City"); and Richard J. Christensen, his successors and assigns (herein "Developer"). 2.0 Recitals. A. Developer is the record fee owner of the following described property located in Ramsey County, Minnesota, which will be platted as Christensen Estates: That part of Tract "B" Registered Land Survey Number 30, which lies Southeasterly of a line run parallel with and distant 75 feet Southeasterly of the following described line, extended Northeasterly to the East line the said Tract "B": From a point on the South line of section 34, Township 30 North, Range 23 West distant 1160.3 feet East of the Southeast corner thereof, run Northeasterly at an angle of 49 degrees 22 minutes with said South section line for 1588.7 feet; thence deflect to the left at an angle of 22 degrees 00 minutes for 800 feet, to the point of beginning of the line to be described; thence run Southwesterly on the last above described course for 1,100 feet and there terminating. B. On the 25th day of February, 2008, the Arden Hills City Council reviewed the Development Application for the Final Plat of Christensen Estates; the Arden Hills Staff and Consulting Reports; and approved the Final Plat of Christensen Estates subject to the terms and conditions contained herein. 3.0 Terms and Conditions. In consideration of the City's approval of the Final Plat of Christensen Estates and in compliance with the development regulations of the City of Arden Hills, the parties agree as follows: A. Compliance with Plans. Developer shall subdivide and configure the property pursuant to the Plan prepared by Lake and Land Surveying, Inc. dated the November 16, 2007 as contained in Arden Hills Planning Case File No. 08-003.