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<br />seconds to a point on the west line of said Outlot B distant 330.13 feet southerly of
<br />the northwest comer of said Outlot B and said line there terminating.
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<br /> or upon recording -
<br />
<br /> Lots 1, 2, 3, 4, 5, 6, Block 1, and Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 1-1, Block 2, RivenWiCk
<br /> 3rd Addition, Anoka County, Minnesota.
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<br /> (the "Subject Property"); and
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<br /> WHEREAS, on March 11, 2003, pursuant to Resotution No. 03-03-__, the CITY
<br />approved the final plat of the Subject Property which plat is known as RIVENWlCK 3
<br />ADDITION (the "Plat"), which approval is contingent on certain requirements, including the
<br />DEVELOPER and the CITY entering into this Agreement; and
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<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for.
<br />Rivenwick 3rd Addition; and ·
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<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
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<br /> WHEREAS, the DEVELOPER intends to cause its required improvements in the Plat
<br />to be constructed without financial participation by the CITY.
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<br /> WHEREAS, the DEVELOPER desires to construct the Stage I and Stage II
<br />improvements, except for those Stage II Improvements constructed by the CITY; and
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<br /> WHEREAS, no expenditure of CITY funds will be made until the relevant City Code
<br />escrow requirements have been completed by the DEVELOPER.
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<br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows:
<br />
<br /> SECTION I
<br />STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES
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<br />City Code Compliance. The CITY approves the Plat conditioned on the DEVELOPER
<br />developing the Plat in accordance with the applicable provisions of City Code, Section 9.50,
<br />entitled Subdivision.
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<br />Conformance with Plan. The Plat shall be developed pursuant to the Final Plat P1an dated
<br />February 24, 2003, Final Landscaping Plan dated February 13, 2003, Final Grading and
<br />Erosion Control Plan dated February 10, 2003,' revised , and Final Utility and Street
<br />Construction Plans dated February 11, 2003, revised , all prepared by Pioneer
<br />Engineering.
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<br />Rivenwick 3rd Addition Subdivision
<br />Development Agreement
<br /> Page 2 of 12
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