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� � ' <br />i } <br />NOW, THEREFORE, in consideration of the premises and of the mutual <br />promises and conditions hereinafter contained, it isl hereby agreed as follows: <br />I <br />1. Property Description. This Agreement shall apply only to the following <br />described property located in Hennepin County, Minnesota: <br />Lots I and 2, Block 1 and Outlots A and B, BRACKETTS POINT 2yD <br />ADDITION, Hennepin County, Minnesota <br />� (hereinafter the "Property"} <br />2. Improvements. In accordance with the policies and ordinances of the City, the <br />following described public and private improvements (hereinafter collectively <br />called the "Improvements") shall be constructed and installed on the terms and <br />conditions hereinafter contained. � ' <br />- Construction of a new roadway (portions public, portions private) <br />- Construction of new municipal, sewer lines and individual services <br />- Construction of stormwater management improvements <br />-Construction of grading and landscaping improvements <br />- Relocation of public utility lines (gas, electric, telephone, cable} <br />3. Construction Ptans. Final sets of the following described detailed plans and <br />specifications for the complete installation of the Improvements prepared by Mark <br />Gronberg of Gronberg Associates shall be submitted by the Developer for the <br />approval of the City prior to the start of construction. The plans and <br />specifications shall conform to all current City standards for all applicable work: <br />Road and Sanitary Sewer Plan ' ' <br />Grading Plan � <br />Storm Water Pollution Prevention Plan {SWPPP} <br />Landscaping Plan {including required boulevard trees) <br />4. Construction of Improvements <br />A. Commencement Date —The construction of Improvements shall begin no <br />later than'" 12/31 /Q7 __. <br />B. Completion Date All Improvements shall be completed no later than <br />(� 12/31/OS F <br />i <br />Page 2,of 7 <br />Pnitials of Developer <br />i Initials of City Cterk <br />