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Rehbein Property <br /> Development Agreement DRAFT - MARCH 20, 1998 <br /> DEVELOPMENT CONTRACT <br /> REHBEIN PROPERTY <br /> CENTERVILLE, MINNESOTA <br /> THIS AGREEMENT, made this day of 1998, is by and <br /> between the City of Centerville, whose address is 1880 Main Street, Centerville, Minnesota <br /> 55038, a municipal corporation organized under the laws of the State of Minnesota, <br /> hereinafter referred to as the "City ", and R &R Leasing, a Minnesota corporation, whose <br /> address is P.O. Box P.O. Box 324, Hugo, MN 55038, hereinafter referred to as the <br /> "Developer". <br /> WHEREAS, in the future the developer will be petitioning the City for improvements <br /> to benefit the property described in this agreement as Exhibit A. <br /> WHEREAS, the City of Lino Lakes is constructing part of 21st Avenue south of Main <br /> Street along the corporate boundary between Lino Lakes and Centerville; and <br /> WHEREAS, the City of Centerville will enter into a Joint Powers Agreement with the <br /> City of Lino Lakes for both the first phase of construction of 21st Avenue and all future <br /> phases of construction of 21st Avenue; and <br /> WHEREAS, as part of the joint powers agreement the City of Centerville is <br /> responsible for acquiring all right -of -way and funding for both the first phase of construction <br /> of 21st Avenue and all future phases of construction of 21st Avenue; <br /> NOW, THEREFORE, in consideration of the mutual promises of the parties made <br /> herein, <br /> IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: <br /> A. RIGHT -OF -WAY. The developer shall provide at no cost to the City of Centerville <br /> all right -of -way required for construction of 21st Avenue. <br /> 1. The right -of -way shall be 40' wide along the corporate boundary. <br /> 2. Easements required for utilities installed in conjunction with road improvements <br /> shall also be provided at no charge to the City. <br /> B. STREET, STORM SEWER AND UTILITY IMPROVEMENTS. In accordance <br /> with the policies and ordinances of the City of Centerville, both the present and future <br /> phases of 21st Avenue shall be constructed along the centerline of the corporate <br /> boundary between Lino Lakes and Centerville. <br /> 0aprojU60MW92- t808,=rdev.conmct Page 1 <br />