Development Contract Orono Garage Condos LLC

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recorded in the offices of the Registrar of Titles and of the County Recorder in and for Hennepin County, Minnesota, and the City will condition the issuance of certificates of occupancy for the units in each final Plat upon proof of recording of the final Plat and compliance with paragraph 25.F. of this Contract. 3. RIGHT TO PROCEED. Within the Land, the Developer may not grade or otherwise disturb the earth, construct streets, utilities,public or private improvements, or any buildings until all the following conditions have been satisfied: 1) this Contract has been fully executed by both parties and filed with the City Clerk, 2)the necessary "security" (defined below) has been received by the City, and 3)this Contract and the easement instruments required by paragraph 25.E. of this Contract have been recorded with the Hennepin County Recorder's Office and Office of the Registrar of Titles. 4. PHASED DEVELOPMENT. This plat is Phase One of a phased development and consists of two buildings with a total of 35 garage condominium units and common elements. Developer acknowledges that it must obtain final plat approval for subsequent phases of the development. The City may refuse to approve final Plats of subsequent phases if the Developer has breached this Contract and the breach has not been remedied. 5.PRELIMINARY PLAT STATUS. The City granted preliminary approval for the Plat by Resolution No. 7579 on April 28, 2025. The preliminary plat approval contemplates that the Property will be improved in two or more phases, with a total of five buildings, comprising an aggregate of 85 garage condominium units, and common elements. 6.CHANGES IN OFFICIAL CONTROLS. Prior to April 28, 2027, no amendment to the City's Comprehensive Plan, or official controls shall apply to or affect the use, development density, lot size, lot layout or dedications of the Land unless required by state or 235929v3