Agenda - Council - 04/24/2001 - Laserfiche WebLink

Home

-152- SUNFISH PROPERTIES DEVELOPMENT AGREEMENT CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and betweezi the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and SUNFISH PROPERTIES, LLC, whose address is 10734 Hanson Blvd., Coon Rapids, MN 55433 (the "DEVELOPER"). WlTNESSETH: WHEREAS, the DEVELOPER is 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: That part of east half of Government Lot 4, Section 34, Township 32, Range 25, Anoka County, Minnesota. Lying southerly of southerly right of way line of Burlington Northern Railroad and lying northerly of northerly right of way line of Trunk Highway #10, except that part thereof lying west of following described line: Commencing at intersection of west line of said east half with southerly right of way line of said Burlington Northern Railroad thence southeasterly along said railroad fight of way line 75.12 feet to point of beginning of said line, thence southerly 427.52 feet +or- to intersection with northerly right of way line of said Trunk Highway #10 68.87 feet, as measured along said northerly right of way line, southeasterly of point of intersection with west line of said east half and said line there terminating, AKA part of Lot 11 Auditor's Subdivision No. 30, except road, subject to easement of record. Or after recording of the Sunfish Commons plat; Lot 1, Block 1, Sunfish Commons ("Subject Property"); and WHEREAS, on ~ pursuant to Resolution No.01-04- , the CITY has ~pproved the final plat of the Subject Property which plat is known as SUNFISH COMMONS (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and CITY entering into this Agreement; and WHEREAS, no expenditure of CITY funds will be made until the City Code escrow requirements have been completed by the DEVELOPER; and I I ! I I