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-08- <br /> <br /> CITY OF RAMSEY <br /> ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT - L.P. KEILLOR ADDITION <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF 'RAMSEY, <br />a municipal corporation of the State of Minnesota (the "CITY"), and RONALD M. CANNER, <br />JR. AND MARILYN F. CANNER ("DEVELOPERS"), whose address is 18090 Roanoke <br />Street N.W., Ramsey, MN 55303 (the "DEVELOPER"). <br /> <br />WlTNESSETH: <br /> <br /> WHEREAS, the DEVELOPER are the fee owner of the following described property <br />situated in the CITY OF RAaMSEY, County of Anoka, State of Minnesota, and legally <br />described as follows: <br /> <br />Lot 1, BlOck 1, L.P. Keillor Addition, Anoka County, Minnesota <br /> <br />(the "Subject Property"); and <br /> <br /> WHEREAS, on December 10, 2002, pursuant to Resolution #02-12-. , the CITY <br />approved the f'mal plat of the Subject Property which plat is known as L.P. KEILLOR <br />ADDITION (the "Plat") contingent on certain requirements, including DEVELOPER and <br />CITY entering into this agreement; and <br /> <br />WHEREAS, the Plat consists of one (1) lot totaling approximately 2.5 acres; and <br /> <br /> WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code <br />Section 9.50.05 (Sub& t) entitled "Division or Consolidation of platted Lots". <br /> <br /> WHEREAS, no expenditure of CITY funds will be made until City Code'escrow <br />requirements'have been fulfilled by the DEVELOPER. <br /> <br />NOW, TI-YEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br />'i <br /> <br />'1 <br /> I <br /> I <br /> I <br /> <br />I <br />I <br />I <br /> <br /> <br />