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DEVFi.(I?I,;LN} CONTRACT - BURR' OAK JNDUSTRIAL PARK <br /> <br />City will apply the deposit of 10% to the remainin§ costs of'the improve- <br />ments. The Developer agrees that if the assessments are assumed by a <br />purchaser, the amount of the assumed assessment will be included in the <br />computation of the 90% when a certificate of occupancy has been issued for <br />a structure on the property on which the assessments have been assumed. <br /> <br />After the street surfacing is installed, the Developer shall clear any <br />soil, earth or debris from the streets within the plat resulting from any <br />construction on the land within the plat by the Developer or its successors <br />or assigns. <br /> <br />10. <br /> <br />The Developer agrees that this Development Contract shall be binding upon <br />its successors and assigns. Breach of any of the terms of this Development <br />Contract by the Developer may-~onstitute grounds for denial of all building <br />permits within the plat. <br /> <br />ll. <br /> <br />The Developer agrees not to sell, rent, or otherwise cause to be occupied, <br />any building construction upon property within the plat until the City has <br />approved the construction of the improvements within the plat, unless the <br />City Manager has agreed in writing to waive this requirement. <br /> <br />12. <br /> <br />The Developer agrees to reimburse the City for all costs incurred by the <br />City in the defense or enforcement of this Contract, or any portion there- <br />of, including court costs and reasonable'engineering and attorney's fees. <br /> <br />13. <br /> <br />14. <br /> <br />If any Portion, section, subsection, sentence, clause, paragraph, or'phase <br />of this Contract is for any reason held to be invalid by a court of compe- <br />tent jurisdiction, such decision shall not affect or void any of the other <br />provisions of the Development Contract. <br /> <br />The term "Developer" as used herei~ refers to' Good Value Homes, Inc. <br />and Donald L. Hardle. <br />The address of the Developer for the purpose of. this Development Contract <br />is: 433 Jackson Street, Anoka, MN 55303. <br /> <br />The plat to which this DevelOpment Contract refers to is: BURR OAK <br />INDUSTRIAL PARK <br /> <br />The date of this Development Contract is the <br />1980. <br /> <br />day of <br /> <br />IN WITNESS'WHEREOF, we have hereunto set our hands and seals. <br /> <br />IN THE PRESENCE OF: <br /> <br />CITY OF BLAINE: <br /> <br />Francis Fogerty, Mayor <br /> <br />Leslie M. Johnson, City Manager <br />GOOD VALUE HOMES, INC. <br /> <br />- 3.- <br /> <br />Donald L. Hardle, President <br /> <br /> <br />