Agenda - Council - 05/11/1999 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I ! I BRUNSWICK ADDITION 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 BRUNSWICK ADDITION, whose address is , Delaware (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: Lots 2 and 3, Block I, GATEWAY NORTH INDUSTRIAL PARK PLAT 4, Anoka County, Minnesota. ("Subject Property"); and WHEREAS, on May 11, 1999, pursuant to Resolution No.99-05- , the CITY has approved the final plat of the Subject Property which plat is known as BRUNSWICK ADDITION (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and CITY entering into this Agreement; and VgHEREAS, a trunk usage charge is required by the CITY for usage of its Trtmk Sewer and Water System, which charge is $9,324.00 per commercial acre and shall apply to that part of the property for which previous trunk payments have not been made (9.6 acres); and WHEREAS, no expenditure of CITY funds will be made until the City Code escrow requirements have been completed by the DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements which respective definitions are used herein when reference is made to "Stage I" and "Stage II" Improvements. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: I. STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES 1. City Code Compliance. That the DEVELOPER will develop the Plat in accordance with the City Code, Section 9.50, entitled "Subdivision". 2. Conformance with Plan. The Plat shall be developed pursuant to the final plat for Brunswick Addition consisting of one sheet prepared by RLK Kuusisto, Ltd.