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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - BURY AND CARLSON ADDITION THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and BURY AND CARLSON, INC., a Minnesota Corporation, whose address is 201 West 121st Street, Burnsville, Minnesota 55337 ("the DEVELOPER"). WITNESSETH: WItEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Bury and Carlson Addition, Anoka County, Minnesota, the "Subject Property"; and WltEREAS, on August 25, 1992, pursuant to Resolution #92-08-200, the CITY approved the final plat of the Subject Property which plat is known as BURY AND CARLSON ADDITION (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this contract; and WHEREAS, the Plat consists of one (1) lot and one (1) outlot totalling approximately twenty and one-half (20.59) acres; and WltEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code Section 9.50.05 (Subd. 2) entitled "Division or Consolidation of Unplatted Lots". WHEREAS, no expenditure of CITY funds will be made until City Code escrow requirements have been fulfilled by the DEVELOPER. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: IMPROVEMENTS 1. Access to Lots. The Plat shall have access onto Jaspar Street N.W. o Extension of 143rd Avenue N.W. The DEVELOPER shall provide a thirty-three foot outlot along the northern boundary of the plat. This outlot shall preserve a corridor for the possible future extension of 143rd Avenue N.W. Upon the CITY'S request, the fee title owner of the subject outlot shall deed the outlot to the CITY, at no expense to the CITY. Access To Foster Cemetery, Prior to recording the Plat, the DEVELOPER shall provide the CITY with two separate easements, in recordable form, granting the CITY public access to Foster Cemetery from 143rd Avenue N.W. through Outlot A and south along the eastern boundary of the Plat to the cemetery. Drainage and Utility Easements. Drainage and utility easements shall be dedicated to the CITY as shown on the Final Plat. Site Grading. The DEVELOPER shall be responsible at its expense for grading the site in accordance with Sheet 2 of 5 prepared by Dennis Griswold, registered landscape architect, and dated 6/16/92, Revision date 7/30/92.