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DEVELOPMENT & SUBDIVISION AGREEMENT <br />Rehbein Commercial <br />THIS DEVELOPMENT & SUBDIVISION AGREEMENT ("Agreement") effective <br />August , 2021, by and between the CITY OF CENTERVILLE, a Minnesota municipal <br />corporation ("City"); and R&R LEASING, a Minnesota Corporation, (the "Developer") <br />1. REQUEST FOR PLAT AND DEVELOPMENT APPROVAL. The Developer <br />has asked the City to approve a preliminary plat and a final plat for the Rehbein Commercial <br />(referred to in this Agreement as the "Preliminary Plat" and the "Final Plat"). The land ("Land") <br />comprising the Final Plat is situated in the County of Anoka, State of Minnesota, and is legally <br />described on the attached Exhibit A, including easements described therein. Development of the <br />Outlots described in the Final Plat as Outlots A-D shall be commenced in the future , on a lot -by - <br />lot basis. The Developer has received approval for a Preliminary Final Plat and a Final Plat <br />containing what will eventually be five lots (currently two platted lots and four Outlots which <br />Outlots will eventually comprise three additional lots. The scope of this Agreement shall serve as <br />the master agreement for all phases of development until the Plat is fully developed. This <br />Agreement shall also comprise the governing document for the two Lots identified in the Final <br />Plat as Lot 1, Block 1, and Lot 1, Block 2, Rehbein Commercial (the "Lots"). Future development <br />Version 08/20/2021 for Council packet Page 2 <br />