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r <br />r <br />i <br />r. <br />FROM KIN.::nAW CULEZRT.?ON (FRi) 6. 5’93 3:11, 3T. 3:10 N'O. S700000416 P S <br />SETTLEMENT AGREEMENT <br />[DRAFT FOR DISCUSSION] <br />This Agreement, dated this____day of June. 1998. reflects the mutual understandings <br />ond seiilcmcnt of oil tlolr is by and between Tonka Ventures, LLC (the Developer) and the City <br />of Orono. & Minnesota municipal corporation (the City). <br />WHEREAS, the E <br />legally described in the b: <br />WHEREAS, the C cvclopcr did duly file and submit applications to the City for the <br />planned residential dcvclcpment (PRD) and subdivision approval of the Property to be developed <br />M ^'Lakd Minnetonka Wo <br />WHEREAS, the E cvelopcr proposed to subdivide the Property into thiny (30) tovnihome <br />residential lots; ond <br />WHEREAS, subsi iniially after the 60 and 120 day review guidelines imposed upon the <br />City by Minnesota Statute <br />impacting the neighborho <br />WHEREAS, in an <br />(20) units on the Property <br />Property accessing Count <br />RECITALS <br />eveloper Is the fee owner of certain real property withlit the City <br />Qched Exhibit A (the Property); and <br />and <br />s $ 15.99, the City raised issues with regard to density and trafHc <br />>d to the east; and <br />effon to icsolvc differences and to avoid litigation, the Developer and <br />City have undertaken meetings and discussions to resolve ditfereneas; and <br />WHEREAS, the City has indicated a willingness to approve iho development of twenty <br />at this time; and <br />whereas, the City desires the construction of a public road p.'oviding access to the <br />Road 15 prior to tho final platting of the additional ten (10) units; and