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DEVELOPMENT/SUBDIVISION AGREEMENT <br /> (Developer Installed Improvements) <br /> Peltier Estates <br /> THIS DEVELOPMENT/SUBDIVISION AGREEMENT ("Agreement") dated <br /> November S 2017, by and between the CITY OF CENTERVILLE,a Minnesota municipal <br /> corporation ("City"), and Sharper Communities,LLC, a Minnesota corporation(the <br /> "Developer"). <br /> 1. REQUEST FOR PLAT AND DEVELOPMENT APPROVAL. The <br /> Developer has asked the City to approve a final plat for Peltier Estates (referred to in this <br /> Agreement as the"Plat"). The land("Land") is situated in the County of Anoka, State of <br /> Minnesota,and is legally described on the attached Exhibit A. <br /> 2. CONDITIONS OF PLAT AND DEVELOPMENT APPROVAL. The City <br /> hereby approves the final Plat on condition that the Developer enter into this Agreement, furnish <br /> the security required by it,and record the Plat with the County Recorder or Registrar of Titles <br /> within one hundred(l 00) days after the execution of this Agreement. If the final Plat is not <br /> recorded within the one hundred(100) days,the approval of the Plat is void, unless a written <br /> request for an extension is submitted to the City Administrator before the one hundred(100) <br /> days expire. The extension will be approved or denied by the City Council within fifteen days. <br /> VKG--2017-11-03 Page 1 <br /> 16 <br />