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THIS AGREEMENT (the "Agreement "), made and entered into by and between the <br />CITY OF RAMSEY, a municipal corporation under the laws ' of the State of Minnesota (the <br />"CITY "), and JEANIE MICHELS (the "DEVELOPER "), an single person, whose address is <br />23008 Navajo Street, St 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 />CITY OF RAMSEY <br />ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT — MICHELS PROPERTY <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 -of -way 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 />Michels Property <br />Development Agreement <br />January 2009 <br />Page l of 9 <br />—129— <br />