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DEVELOPMENT & SUBDIVISION AGREEMENT <br /> Old Mill Estates <br /> THIS DEVELOPMENT & SUBDIVISION AGREEMENT ("Agreement") effective <br /> May 22, 2019, by and between the CITY OF CENTERVILLE, a Minnesota municipal <br /> corporation ("City"); and ELMCREST VISTAS, a Minnesota Limited Liability Corporation, <br /> (the"Developer"). <br /> 1. REQUEST FOR PLAT AND DEVELOPMENT APPROVAL. The Developer <br /> has asked the City to approve a final plat for the Old Mill Estates (referred to in this Agreement <br /> as the "Final Plat"). The land ("Land") is situated in the County of Anoka, State of Minnesota, <br /> and is legally described on the attached Exhibit A, including easements described therein. The <br /> Final Plat shall be constructed in phases. The Developer has received approval for a Preliminary <br /> Plat containing a minimum of 32 single-family lots. The scope of this Agreement shall serve as a <br /> master agreement for all phases of development until the Final Plat is fully developed. This <br /> Agreement shall also serve as the governing document for the first phase of development. Future <br /> development shall be governed by amendments or codicils to this Agreement. <br /> VERSION FOR COUNCIL 05/22/2019 Page 2 <br />