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CITY OF ORONO <br />HENNEPIN COUNTY, MINNESOTA <br />DEVELOPER’S AGREEMENT FOR <br />FULLERTON ESTATES <br />JAMES G. FULLERTON, III AND ROBERT STEIN, TRUSTEES <br />THIS AGREEMENT is made and entered into as of September 1997, by <br />and between the City of Orono, a municipal corporation organized under the laws of the <br />State of Minnesota (the "City"), and James G. Fullerton, III and Robert A Stein, <br />Trustees pf the Elizabeth L. Fullerton Revocable Trust U/A dated 1/4/85, as amended, <br />with Eliziabeth L. Fullerton, as donor, their successors and assigns (collectively, the <br />"Developer"). <br />RECITALS: <br />A The Developer has made application to the City Council for approval of <br />a five-lot residential plat of property legally described as: <br />Traa A, RLS No. 1321, and Traas A, B and F, RLS No. <br />1358, Hennepin County, Minnesota (the "Property"). <br />B. The City Council has granted approval for such subdivision and the <br />development related thereto on the condition that the Developer enter into this <br />agreement to provide for the installation of improvements hereinafter described on the <br />terms and conditions hereinafter set forth. <br />NOW, THEREFORE, in consideration of the premises and of the mutual <br />promises and conditions hereinafter contained, it is hereby agreed as follows: <br />ElQpcny Description: Tne Property is legally described as set forth in <br />Recital A above, and is to be replatted into Lots 1 through 5 and Outlot A, Block 1, <br />Fullerton Estates. <br />Page 1 of 6 <br />Initials of Developer <br />Initials of City Qerk