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DEVELOPMENT CONTRACT <br />(Developer Installed Improvements) <br />IVYPLACE <br />PROJECT NO.17--3962 <br />FINAL PLAT CASE # LA18-000014 <br />AGREEMENT dated June 11, 2018, by and between the CITY OF ORONO, a <br />Minnesota municipal corporation ("City"); and LAKE WEST DEVELOPMENT, LLC, a <br />Minnesota limited liability company ("Developer"). <br />1. REQUEST FOR PLAT APPROVAL. The Developer has asked the City to <br />approve a plat for "IVY PLACE" (referred to in this Contract as the "Plat"). The land to be <br />subdivided by the Plat (the "Land") is situated in the City of Orono, County of Hennepin, State <br />of Minnesota, and is legally described on the attached Exhibit A. <br />2. CONDITIONS OF PLAT APPROVAL. The City hereby approves the Plat on <br />condition that the Developer enter into this Contract and furnish the security required by it. The <br />City will cause the Plat to be duly recorded in the office of the Registrar of Titles in and for <br />Hennepin County, Minnesota, promptly after compliance by the Developer with all conditions <br />Ivy Place Development Contract <br />