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CITY OF RAMSEY <br />ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT- AGREEMENT — MICHELS PROPERTY <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 JEANIE <br />MICHELS (the "DEVELOPER"), an single person, whose address is 23008 Navajo Street, St <br />Francis, MN 55070 <br />WITNESSETH: <br />WHEREAS, 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 />Outlot A, Dickenson's Mississippi Estate Second Addition, Anoka County, Minnesota. <br />and <br />That part of Lots 26 and 27, Auditors Subdivision No. 96, Anoka County, Minnesota, <br />lying Easterly and Southeasterly of the following described line: <br />Beginning at the intersection of the Northerly shoreline of the Mississippi River <br />and a line 75.00 feet Southeasterly of and parallel with the Southeasterly line of <br />Lot 7, Dickenson's Mississippi Estate, said Anoka County, as measured along <br />Southeasterly extension of the Northeasterly line of said Lot 7; thence <br />Northeasterly along said parallel line 235 feet, more or less, to its intersection with <br />the Southeasterly extension of Northeasterly of said Lot 7; thence Northwesterly <br />along said Southeasterly extension 75 feet to the Northeast Corner of said Lot 7; <br />thence Northeasterly along Northeasterly extension of said Southeasterly line 66 <br />feet to the Northeasterly right-of-way line of Rivlyn Avenue; thence Southeasterly <br />along said right-of-way line to a point 500 feet Southeasterly (as measured along <br />said right--ofway line) of the intersection of said right-of-way line with <br />Southeasterly right-of-way line of Poplar Drive (now known as 'Tungsten Street <br />N.W,) as shown on the plat of Dickenson's Mississippi Estate; thence <br />Northeasterly parallel with said Southeasterly right-of-way line to its intersection <br />with the Southerly line of the plat of Anoka Independent Grain and Feed <br />Addition; thence Southeasterly and Northeasterly along the Southerly and Easterly <br />line of said plat of Anoka Independent Grain and Feed Addition to the North line <br />of said Lot 26 and there terminating. <br />Ebony Woods <br />Development Agreement <br />June 2008 <br />—304— Page 1 of 8 <br />