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<br /> CITY OF RAMSEY
<br />ANOKA COUNTY, MINNESOTA
<br />DEVELOPMENT AGREEMENT -
<br />TOWNHOMES OF RUM RIVER HILLS
<br />
<br /> THIS AGREEMENT, made and entered into by and between the CITY OF
<br />RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and WILBUR F.
<br />DORN and JACQUELINE A. DORN, husband and wife, whose address is 16610 Fluorine
<br />Street N.W., Ramsey, Mn 553403, and THOMAS W. ANDERSON AND PAULA E.
<br />ANDERSON, husband and wife, whose address is 16831 Helium Street N.W., Ramsey, Mn
<br />55303, and GORHAM BUILDERS, INC., a Minnesota corporation whose address is 3538
<br />Mississippi Drive N.W., Coon Rapids, Mn 55433 ("the DEVELOPERS").
<br /> WITNESSETH:
<br />
<br /> WHEREAS, the DEVELOPERS are the fee owners and purchasers of the following
<br />described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota,
<br />and legally described as follows:
<br /> Lot 1, Block 2, and Out_lot C, RUM RIVER HILI.~, Anoka County, Minnesota;
<br />
<br /> to be platted as:
<br /> Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, and 13, Block 1, TOWNHO~S OF RUM
<br /> RIVER IqlI~LS, Anoka County, Minnesota
<br />
<br />the "Subject Property"; and
<br />
<br /> WHEREAS, on February 28, 1995, pursuant to Resolution 95-02-044, the CITY
<br />approved the final plat of the Subject Property which plat is known as TOWNHOMES OF
<br />RUM RIVER HILLS (the "Plat") contingent on certain requirements, including the
<br />DEVELOPERS and CITY entering into this contract; and
<br />
<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for
<br />Townhomes of Rum River H/lis approved by the CITY on December 13, 1994; and
<br />
<br /> WHEREAS, no expendit.ure of CITY funds, will be made until the City Code escrow
<br />requirements have been fuLfilled by the DEVELOPERS; and
<br />
<br /> WHEREAS, there are no Stage I required improvements as this development is to be
<br />serviced by on-site septic systems and wells and a private street, with the street to be owned and
<br />maintained by the property owners association consisting of owners of all the properties included
<br />within the plat; and
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