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Lakeland Hills ENGINEER'S COPY <br /> Development Agreement Revised October 15, 1997 <br /> DEVELOPMENT CONTRACT <br /> LAKELAND HILLS <br /> CENTERVILLE, MINNESOTA <br /> (Developer Installed improvements) <br /> THIS AGREEMENT, made this day of 1997, is by and <br /> between. die City of Centerville, whose address is 1880 Main Street, Centerville, Minnesota <br /> 55038, municipal corporation organized under the laws of the State of Minnesota, hereinafter <br /> referred to as the "City ", and Royal Oaks Realty, a Minnesota corporation, whose address is <br /> 4195 Li:v ��gton Avenue, Shoreview, MN 55126, hereinafter referred to as the "Developer'. <br /> WHEREAS, the Developer has received approval from the City Council for a <br /> pttlimir ;ry plat of land within the corporate limits of the City known as Lakeland Hills, <br /> hereinafter called "Subdivision"; and <br /> WHEREAS, the Developer has applied to the City to be allowed at the Developer's <br /> expense :o construct all surfaced streets, curb and gutter, required landscaping, storm server. <br /> stornwti'er ponds, draina facilities, watermain and sanitary sewer facilities, here±*iafrer <br /> referred to as Street ar,d Utility Improvements; and <br /> WHEREAS, the Developer is to be responsible for the installation and financing o= <br /> cenain I ri ate in^:provements within the plat, hereinafter refer, ed to as Private Improvements; <br /> NOW, THuREF(ORE, in consideration of the mutual promises of the panics trade <br /> herein, <br /> IT (S AGREED BY AND BETWEEN THE PARTIES HERETO: <br /> A, Pp j3L; TF LI�iI'Rf3V r 1`vm FS . The Developer will construct and install at Developer's <br /> ex,ense the gcneral improvement construction according to ordinance #8, Section. 38.0 _ <br /> an'. other LTM-provements specific to the development herein set forth. <br /> 1. Cost of Private Improvements, description: <br /> a. Street name signs (installed by the City) <br /> approximately 3 Q2 $250 1each $750 <br /> b. Traffic signs, stop sign, dead -end, etc. <br /> (installed by the City) approximately 5 ® $200 /each $1,000 <br /> C. Utility markers <br /> approximately 10 a $200 $2,000 <br /> 26u083 - 1 1 X:; rib p °8e t <br />