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<br /> CITY OF RAMSEY
<br /> ANOKA COUNTY, MINNESOTA
<br />DEVELOPMENT AGREEMENT -
<br />NORTHFORK ST. ANDREWS 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 NORTH FORK, INC., a
<br />Minnesota corporation, whose address is 434 Bear Avenue South, Vadnais Heights, ~MN 55127
<br />("the DEVELOPER").
<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 />Lots 1, 2, 3, 4, 5, 6, 7, 8,9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25,
<br />and 26, Block I; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, i5, 16, 17 and 18, Block
<br />2, NORTHFORK ST. ANDREWS ADDITION, Anoka County, Minnesota
<br />
<br />(the "Subject Property"); and
<br />
<br /> WHEREAS, on August 14, 2001, pursuant to Resolution 01-08- , the CITY approved
<br />the final plat of the Subject Property which plat is known as NORTHFORK ST. ANDREWS
<br />ADDITION (the "Plat") contingent on certain requirements, including the DEVELOPER and
<br />CITY entering into this contract; and
<br />
<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for
<br />Northfork St. Andrews Addition approved by the CITY on January 23, 2001; and
<br />
<br /> WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow
<br />requirements have been fulfilled by the DEVELOPER; and
<br />
<br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II"
<br />Improvements which definition is used herein when reference is made to "Stage I" and "Stage
<br />11" Improvements; and ..
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