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ALPINE ESTATES <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <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 KC LAND COMPANY, a <br />Minnesota partnership whose address is 2191 Silver Lake Road, New Brighton, MN 55112 (the <br />"DEVELOPER"). <br /> <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 described <br />as follows: <br /> <br />OUTLOTS A AND B, ALPINE ADDITION <br /> <br />(the "Subject Property") and <br /> <br /> WltEREAS, on May 27, t997, pursuant to Resolution #97-05-XXX,-the CITY <br />approved the final plat of the Subject Property which plat is known as ALPINE ESTATES <br />(the "Plat"), which approval is contingent on certain requirements including the DEVELOPER <br />and the CITY entering into this Agreement; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />ALPINE ESTATES approved by the CITY on April 8, 1997; and <br /> <br /> WHEREAS, the DEVELOPER herein attests to the fact that there are no wetlands <br />located within the Plat; and <br /> <br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer <br />and Water System, which charge is $1,621 per residential unit created; and <br /> <br /> WHEREAS, the DEVELOPER intends to cause the construction of the following <br />improvements in the Plat without financial participation on the part of the CITY, to-wit: <br />Sanitary sewer, storm drainage facilities, watermains and appurtenances, and streets with <br />concrete curb and gutter, which improvements are termed Stage I Improvements in the City Code <br />("Stage I Improvements"); and <br /> <br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements of which respective de£mitions are used herein when reference is made to Stage I <br />and Stage II Improvements; and <br /> <br />I <br />! <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />