Agenda - Council - 03/26/2002 - Laserfiche WebLink

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I I I I I I ,I I I I I I I I i I I I I SUNWOOD ESTATES DEVELOPMENT AGREEMENT CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation under the laws of the State of Minnesota (the "CITY"), and ACCAP - RAMSEY TOWNHOMES, a limited partnership, whose address is 1.201 89~h Avenue, #345, Blaine, MN 55434 ("DEVELOPER"). WITNESSETH: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF R/uMSEY, County of Anoka, State of Minnesota, and legally described as fbtlows: That part of the East Half of the Northwest Quarter of Section 25, Township 32, Range 25, Anoka County, Minnesota, lying westerly of the centerline of State Trunk Highway No. 47 and northerly of"Line A" and its extensions described as follows: Commencing at a point on the centerline of above said State highway No. 47 distant 1083.00 feet north of the south line of said East Half of the Northwest Quarter as measured along said centerline; thence westerly parallel with said south line of the East Haft of the Northwest Quarter to the intersection with the west line of said East Half of the Northwest Quarter; thence northerly along said west line a distance of 757.00 feet to the actual point of beginning of said "Line A'" thence easterly parallet with the south line of said East half of the Northwest Quarter to the centerline of said State Highway No. 47 and said line there terminating. - or upon recording - Lot 1, Block 1, and Outlot A, SUNWOOD ESTATES, Anoka County, Minnesota. (the "Plat"); and WHEREAS, on March 26, 2002, pursuant to Resolution No. 02-03- , the CITY approved the final plat of the Subject Property which plat is known as SUNWOOD ESTATES (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and the CITY entering into this Agreement; and WHEREAS, the final plat for the Subject Property conforms to the sketch plan for Sunwood Estates approved by the Planning Commission on February 7, 2002; and WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Watermain System, which charge is $1,814.00 per residential' unit created; and WHEREAS, the CITY requires certain improvements to be constructed within the Plat, which improvements are defined as Stage [ and Stage [I Improvements in the City Code; and -193-