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CITY OF RAMSEY <br /> ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT <br />NORTHFORK ITASCA SHORES ADDITION <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF <br />RAMSEY, a municipal corporation of the St_a_te of Minnesota (the "CITY"), and NORTH <br />FORK, INC., a Minnesota corporation, whose address is 713 Bradford Avenue N.W., <br />Champlin, Minnesota, ("the DEVELOPER"). <br /> WITNESSETH: <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 />Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11, Block 1; Outlots A, B, C, D and E; Norttffork <br />Itasca Shores Addition, Anoka County, Minnesota; <br /> <br />the "Subject Property"; and <br /> <br /> WHEREAS, on January 9, 1996, pursuant to Resolution 96-01-. , the CITY approved <br />the final plat of the Subject Property which plat is known as NORTHFORK ITASCA <br />SHORES ADDITION (the "Plat") contingent on certain requiremems, including <br />DEVELOPER and CITY entering into this contract; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Northfork Itasea Shores approved by the CITY on December 12, 1995; and <br /> <br /> WHEREAS, the DEVELOPER herein attests to the fact that there are wetlands existing <br />on the Subject Property; and <br /> <br /> WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow <br />requirements have been fulfilled by DEVELOPER; and <br /> <br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements which definition is used herein when reference is made to "Stage I" and "Stage 11" <br />Improvements; and <br /> <br /> <br />