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-82- <br /> <br /> EVERGREEN POINT SECOND ADDITION <br /> DEVELOPMENT AGREEMENT <br /> CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <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 EDINA <br />DEVELOPMNET, INC., a Minnesota corporation, whose address is 700 Industry Ave., <br />Anoka, ~ 55303 ("DEVELOPER"). <br /> <br />WITNESSETH: <br /> <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 /> <br />Outlot A, Evergreen Point Townhomes, Anoka County, Minnesota <br /> <br />or upon recording - <br /> <br />Lots 1-23, Block 1; Lots 1-27, Block 2; Outlot A; Evergreen Point Second Addition, <br />Anoka County; M'innesota. <br /> <br />(the "Subject Property"); and <br /> <br /> W]IREREAS, on October 8, 2002, pursuant to Resolution No. 02-10-_., the CITY <br />approved the final plat of the Subject Property which plat is known as EVERGREEN POINT <br />SECOND ADDITION (the "Plat"), which approval is contingent on certain requirements, <br />including the DEVELOPER and the CITY entering into this Agreement; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Evergreen Point was approved by the CITY on May 28, 2002; and <br /> <br /> WHEREAS, the CITY requires certain improvements to be constructed within the Plat, <br />which improvements are defined as Stage I and Stage II Improvements in the City Code; and <br /> <br />Evergreen Point Second Addition Subdivision <br />Development Agreement <br /> Page 1 of 11 <br /> <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br />I' <br />I <br />I <br />I <br />I <br />I <br />I <br />I' <br />I <br />I <br />I <br />I <br /> <br /> <br />