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i <br />JOINT DEVELOPMENT AGREEMENT <br />bmade as of the day of ----- r 19861 by <br />and <br />,THIS AGREEMENT,etween the City of Roseville, Minnesota (the "City ), a mu- <br />anized <br />nd <br />nicipal corporation oration and political and subdivision heg State a° f <br />Of <br />existing under the Constitution andlawsgeneral partnership <br />Minnesota, <br />Lexington Plaza Associates, a g <br />and existing under the laws of the State °organized and <br />organizedesotar <br />partnership <br />and Plaza Shoppes Associates, a general <br />existing und <br />er the laws of the State of Minnesota (collectively, <br />the "Developers"), <br />WTTNESSETH: _ <br />Lexington Plaza Associates is the iatelly to the of an exist - <br />WHEREAS, WHEREAS, g immed Center <br />ing shopping center 1, rated in the City Wing <br />known as Lexington Plaza Shop <br />of Lexington A en ,Existing Development") located on the real <br />(hereinafter, <br />estate described on Exhibit A attached hereto; rust a new <br />WHEREAS, Plaza Shoppes Associates densthe t weconstruct <br />Lexington <br />shopping center in the City <br />immediately es (hereinafter, the <br />Avenue to be known as deonnthe realaza estatepdescribed on Exhibit <br />"Project"), to be locate <br />B attached hereto; <br />WHEREAS, p <br />arking and .related public improvements for the <br />Development and the Project are interrelated to the ex - <br />Existing tent set forth in this Agreement; and ment of the Pro - <br />WHEREAS, the City believes that the develop <br />ject is in the best interests of the City. � s' ar�d the <br />consideration in consof the premise <br />NOW, THEREFORE, each of. them does here - <br />mutual obligations of withotheles otherrasofollows: <br />by covenant and agree <br />2 <br />