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All that part of the south 729.11 feet of the north half of the Southeast Quarter of Section <br />23, Township 32, Range 25, Anoka County, Minnesota, lying easterly of the centerline of <br />County State Aid Highway No. 5 per Document No. 455358. Except that part platted as <br />Holaseks Addition, according to the recorded plat thereof, Anoka County, Minnesota and <br />except that part thereof described as follows: <br /> <br />Beginning at a point on the north line of the south 554.81 feet of said north half of the <br />Southeast Quarter, distant 1200.00 feet west of the east line of said north half of the <br />Southeast Quarter, as measured along said north line; thence on an assumed beating of <br />south 88 degrees 51 minutes 38 seconds west, along said north line, a distance of 312.65 <br />feet, to the c'enterline of County State Aid Highway No 5, per Document No. 455358; <br />thence south 30 degrees 30 minutes 00 seconds east, along said centerline, to the south <br />line of the north 217.80 feet of said south 554.81 feet; thence north 88 degrees 51 minutes <br />38 seconds east, along said south line, a distance of 68.84 feet~ to the easterly right of way <br />line of said County State Aid Highway No. 5 and a point hereinafter referred to as Point <br />"A"; thence south 30 degrees 30 minutes 00 seconds east, along said easterly right of way <br />line, a distance of 14.00 feet; thence north 80 degrees 05 mintites 43 seconds east, to said <br />south line, dish'mt 86.00 feet east of said Point "A" as measured along said south line; <br />thence north 88 degrees 51 minutes 38 seconds east, from the point of beginning; thence <br />north 30 degrees 30 minutes 24 seconds west, a distance of 249.91 feet, to the point of <br />beginning. <br /> <br />-or upon recording- <br /> <br />Lots 1-22 Block I; Lots 1-17 and Outlot A, Block 2; Lots 1-7, Block 3; Lots 1-5, Block 4; <br />Lots 1-3, Block 5; MEADOW, Anoka County, Minnesota <br /> <br /> (the "Subject Property"); and <br /> <br /> WHEREAS, on February 28, 2006, pursuant to Resolution No. 06-02- , the CITY <br />approved the final plat of the Subject Property, which plat is known as MEADOW (the "Plat"), <br />which approval is contingent on certain requirements, including the DEVELOPER and the <br />CITY entering into this Agreement; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Meadow; and <br /> <br /> WHEREAS, the DEVELOPER has received approval from the Metropolitan Council of <br />the request for Comprehensive Plan Amendment to reconfigure the Subject Property's land use <br />designations in the City's Comprehensive Plan, which designations consist of places to shop, Iow <br />density residential, and public-quasi-public; and <br /> <br /> WHEREAS, the CITY requires certain improvements to be constructed within the Plat, <br />which improvements are defined as Stage I and Stage II Improvements in the City Code; and <br /> <br />-156- <br /> <br />~leadow Subdivision <br />Development Agreement <br />Page 2 of 12 <br /> <br /> <br />