Agenda - Council - 11/10/1997 - Laserfiche WebLink

Home

I I I I ! I I i I i I ! I I ! I I '1 I RADEMACHER .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 WILLIAM C. RADEMACHER AND KAREN C. RADEMACHER, husband and wife, whose address is 6272 Boone Avenue North, Brooklyn Park, MN 55428 (the "DEVELOPERS"). WITNESSETH: 'WHEREAS, the DEVELOPERS 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: Lot 1, Block 1, and Outlot A, RADEMACHER ADDITION, An°ka County, Minnesota ("Subject Property"); and VvI-IEREAS, on November 10, 1997, pursuant to Resolution No.97-11- , the CITY has approved the final plat of the Subject Property which plat is known as RADEMACHER ADDITION (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and CITY entering into this Agreement; and WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water System, which charge is $8,920.00 per commercial acre and shall apply to Lot 1, Block 1. 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: STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES 1. City. Cpde Compliance. That the DEVELOPER will develop the Plat in accordance with the City Code, Section 9.50, entitled "Subdivision".