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• Council <br /> Exhibit B <br /> z� P � � g <br /> ��. <br /> � f�-y� � <br /> (reserved for record:ng information) <br /> DEVELOPMENT CONTRACT <br /> And <br /> PLANNED RESIDENTIAL DEVELOPMENT AGREEMENT <br /> (Developer Installed Improvements) <br /> Northern Oaks <br /> Project Number 13-3631 <br /> PUD NO. 9 <br /> AGREEMENT (this "Contract") dated effective the day of , 2014 (the "Effective <br /> Date"), by and between the CITY OF ORONO, a Minnesota municipal corporation ("City"), and <br /> REAL ASSETS II,LLC.,a Minnesota limited liability company("Developer"). <br /> 1. REQUEST FOR DEVELOPMENT AND PLANNED RESIDENTIAL DEVELOPMENT <br /> APPROVAL. The Developer has asked the City to approve a development and planned residential development <br /> agreement for NORTHERN OAKS,PRO.IECT No. 13-3631 (referred to in this Contract as the"DevelopmentlPRDA/PUD <br /> #9"). The land is situated in the County of Hennepin, State of Minnesota, and is legally described on the attached <br /> Earhibit"A". <br /> 2. CONDITIONS OF DEVELOPMENT AND PLANNED RESIDENTIAL DEVELOPMENT <br /> APPROVAL. T'he City hereby approves the Development/PRDA/PUD#9 on condition that the Developer enter into <br /> 6/12/14 Revised 7/9/14 1 Orono/Northern Oaks/No. 13-3631 <br /> 176712v2 <br />