Agenda - Council - 02/27/2001 - Laserfiche WebLink

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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 of the State of Minnesota (the "CITY"), and ACCAP RAMSEY TOWNHOMES, a limited partnership under the laws of the State of Minnesota, whose address is 1201 89t~ Avenue, Suite//345, Blaine, Minnesota, 55434 (the "DEVELOPER"). WITNESSETH: WHEREAS, the CITY and the DEVELOPER are the fee owners of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: LOT 1, BLOCK 1, AND OUTLOT A, SUNWOOD ESTATES, ANOKA COUNTY, MINNESOTA (the "Subject Property") and WHEREAS, on November 28, 2000, pursuant to Resolution //00-11- , 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 Ramsey Townhomes for ACCAP approved by the Planning Commission on November 6, 2000; and WHEREAS, the CITY herein attests to the fact that there are wetlands located within the Plat; and WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water System, which charge is $1,734 per residential unit created; and WHEREAS, the DEVELOPER intends to cause the construction of the following improvements in the Plat: Sanitary sewer, storm drainage facilities, watermains and appurtenances, which improvements are termed Stage I Improvements in the City Code ("Stage Improvements"); and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements of which respective definitions are used herein when reference is made to Stage I and Stage II Improvements; and -165-