|
-144-
<br />
<br /> HIGHLANDS AT RIVER PARK 2~D 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 ARCON
<br />DEVELOPMENT, INC. whose address is 7625 Metro Boulevard, Suite 350, Edina, MN 55439
<br />(the "DEVELOPER").
<br />
<br />WlTNESSETH:
<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
<br />described as follows:
<br />
<br />That part of Outlot A, Highlands At River Park, according to the recorded plat
<br />thereof, Anoka County, Minnesota, lying Southerly and Westerly of a line described
<br />as follows:
<br />
<br />Beginning at the northeast comer of the Southwest Quarter of the Northeast Quarter
<br />of Section 24, Township 32, Range 25, said Anoka County, sait point being common
<br />with an easterly line of said Outlot A; thence North 75 degrees 22 minutes 18
<br />seconds West, assuming the east line of said Southwest Quarter of the Northeast
<br />Quarter bears North 00 degrees 42 minutes 34 seconds West, a distaance of 142.97
<br />feet; thence North 06 degrees I8 minutes 33 seconds West, a distance of 164.73 feet;
<br />thence North 00 degrees 14 minutes 03 seconds West, a distance of 60.00 feet;
<br />thence southwesterly, along a non-tangential curve, concave to the southeast, having
<br />a central angle of 09 degrees 58 minutes 18 seconds, a radius of 1077.53 feet; for an
<br />arc distance of 187.53 feet, the chord of said curve bears South 84 degrees 46
<br />minutes, 48 seconds West; thence South 79 degrees 47 minutes 39 seconds West,
<br />tangent to said last described curve, a distance of 125.00 feet; thence North 10
<br />degrees I2 minutes 21 seconds West, a distance of 131.81 feet; thence South 89
<br />degrees 56 minutes 00 seconds West, a distance of 35.39 feet; thence North 03
<br />degrees 30 minutes 22 seconds East, a distance of 443.47 feet to a northerly line of
<br />said Outlot A and said Line there terminating.
<br />
<br />- or upon recording -
<br />
<br />Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12,23, 14, 15, 16, 17, 18, 19, and 20, Block 1; Lots 1,
<br />2,3, 4, 5, 67, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19,20,21,22,23,24,25,26,27,28,
<br />29, and 30, Block 2; Lots 1, 2, 3, 4, 5, 6, 7, and 8, Block 3; Lots 1, 2, 3, 4, 5, 6, and 7,
<br />Block 4; HIGHLANDS AT RIVER PARK 2~ ADDITION, Anoka County, Minnesota.
<br />
<br />(the "Subject Property"); and
<br />
<br />Development Agreement/Highlands At River Park
<br /> Page 1 of 14
<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 />
|