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I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br /> CITY OF RAMSEY <br /> ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT <br />NORTHFORK OAKS FOURTH 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 713 Bradford Avenue N., Champlin, Minnesota, ("the <br />DEVELOPER"). <br /> WITNESSETH: <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 and 8, Block 1, Northfork Oaks 4t~ Addition, Anoka County, <br />Minnesota; <br /> the "Subject Property"; and <br /> <br /> WHEREAS, on June 27, 2000, pursuant to Resolution 00-06- , the CITY approved <br />the final plat of the Subject Property which plat is known as NORTHFORK OAKS 4TH <br />ADDITION (the "Plat") contingent on certain requirements, including 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 Oaks 4TH Addition approved by the CITY on March 28, 2000; and <br /> <br /> WHEREAS, the DEVELOPER herein attests to the fact that there are wetlands existing <br />on the Subject Property; and <br /> <br /> WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow <br />requirements have been fulfilled by 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 <br /> <br /> <br />