Agenda - Council - 08/12/2008 - Laserfiche WebLink

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C' ~~ Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #08-08-_ A RESOLUTION ADOPTING AN ADDENDUM TO THE DEVELOPMENT AGREEMENT FOR EBONY WOODS THIS ADENDUM, made and entered into by and between the CITY OF RAMSEY, a municipal corporation under the laws of the State of Mirmesota (the "CITY"), and TIMOTHY E. HOLM AND NANCY E. HOLM (the "DEVELOPER"), husband and wife, whose. address is 17762 97t" Street, Becker, MN 55308 WITNESSETH: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally. described as follows: That Part of Lot 1, Block 1, Riverview Bowl Lying Southerly of Westerly Extension of North Line Lot 2 Side Block 1, Together With Lot 3, Block 4 Riverside West, Subject to Easement of Record - -or upon recording- Lots 1, 2 and 3, Block 1 Ebony Woods (the "Subject Property"); and WHEREAS, on -June 17, 2008, pursuant to Resolution No, 08-06-103, the CITY approved the final plat of the Subject Property, which plat is known as Ebony Woods (the "Plat"); and WHEREAS, the CITY and the DEVELOPER entered into a Development Agreement for Ebony Woods that established certain development fees; and WHEREAS, following the execution of the Development Agreement it was discovered that the Subject Property was assessed for sewer and water trunk fees at a commercial rate in 2005 as part of Improvement Project IP OS-23; however, the Subject Property was not charged for stormwater management fees as no development of the Subject Property was pending at the time; and WHEREAS, the Subject Property was subsequently rezoned to R-1 Residential; and WHEREAS, the DEVELOPER and the CITY have determined that it is appropriate to reconcile the development fees established in the Development Agreement for Ebony Woods based on assessments paid on the Subject Property in 2005. -79-