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CITY COPY <br /> Revised July 7, 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 between <br /> the City of Centerville, whose address is 1880 Main Street, Centerville, Minnesota 55038, a <br /> municipal corporation organized under the laws of the State of Minnesota, hereinafter referred to <br /> as the "City ", and Royal Oaks Realty, a Minnesota corporation, whose address is 4196 Lexington <br /> Avenue, Shoreview, MN 55126, hereinafter referred to as the "Developer ". <br /> WHEREAS, the Developer has received approval from the City Council for a preliminary <br /> plat of land within the corporate limits of the City known as Lakeland Hills, hereinafter called <br /> "Subdivision "; and <br /> WHEREAS, the Developer has applied to the City to be allowed at the Developer's expense <br /> to construct all surfaced streets, curb and gutter, required landscaping, storm sewer, stormwater <br /> ponds, drainage facilities, watermain and sanitary sewer facilities, hereinafter referred to as Street <br /> and Utility Improvements; and <br /> WHEREAS, the Developer is to be responsible for the installation and financing of certain <br /> private improvements within the plat, hereinafter referred to as Private Improvements; <br /> NOW, THEREFORE, in consideration of the mutual promises of the parties made herein, <br /> IT IS AGREED BY AND BETWEEN THE PARTIES HERETO: <br /> A. PRIVATE IMPROVEMENTS. The Developer will construct and install at Developer's <br /> expense the general improvement construction according to ordinance #8, Section 38.01 and <br /> other improvements specific to the development herein set forth. <br /> 1. Cost of Private Improvements, description: <br /> a. Street name signs <br /> approximately 3 C $250 /each $750 <br /> b. Traffic signs, stop sign, dead -end, etc.) <br /> approximately 5 @ $200 /each $1,000 <br /> c. Utility markers <br /> approximately 10 @ $200 $2,000 <br /> d. Street sweeping <br /> 6 each @ $600 /each $3,600 <br /> 260/083- 1904 <br /> Page 1 <br />