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DEVELOPMENT AGREEMENT <br /> CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> TIGER MEADOWS <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY"), and <br />MONARCH HOMES, INC. whose address is 7820 lqSverdale Drive, Ramsey, MN 55303 (the <br />"DEVELOPER"). <br /> <br /> WITNESSETH: <br /> <br /> WI-tEREAS, the DEVELOPER is the fee owner of the following described property <br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br />as follows: <br /> <br /> That part of the south half of the Northwest Quarter of Section 8, Township 32;Range <br /> 25, Anoka County, Minnesota lying southerly of the north 330 feet thereof and lying <br /> westerly of the east 855.78 feet thereof; <br /> <br /> Except <br /> <br /> The north 300 feet of the south 550 feet of the west 363 of said south half of the <br /> Northwest Quarter; <br /> <br /> Also Except <br /> <br /> That part of said south half of the Northwest Quarter lying southwesterly of the <br /> centerline of Armslxong Boulevard (Anoka County Road No. 83). <br /> <br /> Also Except <br /> <br /> That part taken for road purposes subject to easements of record. <br /> <br /> - or upon recording - <br /> <br /> Lots 1, 2, 3, Block 1, Lots 1, 2, 3, 4, Block 2, Lots 1, 2, 3, 4, 5, Block 3, Anol~a County, <br /> Minnesota. <br /> <br /> (the "Subject Property"); and <br /> <br /> Development Agreement/Tiger Meadows <br /> Page 1 of 12 <br /> <br />-237- <br /> <br /> <br />