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-t90- <br /> <br /> CITY OF RAMSEY <br /> ANOIC& COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT - NORDVIK ADDITION' <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation of the State of Minnesota (the CITY"), and SOLVEIG B. NORDVIK, <br />widow and unremarried, and DEREK T. NORDVIK, a single person, whose addresses are <br /> and 15710 Armstrong Blvd. N.W., Ramsey, MN 55303, respectively, (the <br />"DEVELOPERS"). <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the DEVELOPERS are the fee owner and contract purchaser of the <br />following described property situated in the CITY OF RAMSEY, County of Anoka, State of <br />Minnesota, and legally described as follows: <br /> <br />The South 466 feet of the East 560.88 feet of the Southeast Quarter of the Southeast <br />Quarter of Section 17, Township 32, Range 25, Anoka County, Minesota, lying westerly <br />of Anoka County Highway Right Of Way Plat No. 33. <br /> <br />Or upon recording: <br /> <br />Lots land 2, Block 1, Nordvik Addition, Anoka County, Minnesota. <br /> <br />(the "Subject Property"); and <br /> <br /> WHEREAS, on May 22, 2001, pursuant to Resolution #01-06q~, the CITY approved <br />the final plat of the Subject Property which plat is known as NORDVIK ADDITION (the <br />"Plat") contingent on certain requirements, including DEVELOPERS and CITY entering into <br />this agreement; and <br /> <br />WHEREAS, the Plat consists of two (2) lots totaling approximately 5 acres; and <br /> <br /> WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code <br />Section 9.50.05 (Subd. 1) entitled "Division or Consolidation of platted Lots". <br /> <br /> WHEREAS, no expenditure of CITY funds will be made until City Code escrow <br />requirements have been fulfilled by the DEVELOPER. <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br />IMPROVEMENTS <br /> <br />Access to Lots. Lots 1 and 2 shall continue to utilize two existing accesses onto County <br />Road No. 83 (Armstrong Blvd. N.W.). At such time that the Subject Property is further <br />subdivided beyond the two tots contained in the Plat, construction of streets interior to <br />the Subject Property, (most likely an extension of Eland Street from north to south) will <br />be required. Upon further subdivision, the DEVELOPERS herein agree to abandon the <br /> <br /> <br />