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FOX KNOLL 2ND ADDITION
<br /> DEVELOPMENT AGREEMENT
<br /> CITY OF RAMSEY
<br />ANOKA COUNTY, MINNESOTA
<br />
<br /> THIS AGREEMENT, made
<br />RAMSEY, a municipal corporation
<br />RESIDENTIAL DEVELOPMENT,
<br />
<br />and entered into by and between the CITY OF
<br />of the State of Minnesota (the "CITY"), and
<br />INC., a Minnesota corporation, whose address is 15
<br />
<br /> Choctaw Circle, Chanhassen, Mn 55317 (the "DEVELOPER").
<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 /> Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 23, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24,
<br /> 25, 26, 27 and 28, Block 1; Lots t, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12, Block 2; Lot 1,
<br /> Block 3; and Lots 1, 2, 3, 4, and 5, Block 4; Outlot A; FOX KNOLL 2ND ADDITION,
<br /> Anoka County, Minnesota
<br /> ("Subject Property"); and
<br />
<br /> WHEREAS, on March 12, 1996, pursuant to Resolution No. 96-03- , the CITY has
<br />approved the final plat of the Subject Property which plat is known as FOX KNOLL 2ND
<br />ADDITION (the "Plat"), Which approval is contingent on certain requirements, including
<br />DEVELOPER and CITY entering into this Agreement; and
<br />
<br /> WHEREAS, the DEVELOPER has submitted a petition requesting the extension of
<br />sewer and water to the Subject Property; 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 $1563 per residential unit created; and
<br />
<br /> WHEREAS, the DEVELOPER has submitted a petition to the CITY requesting the
<br />construction of the following improvements in the Plat, to-wit: Sanitary sewer, storm dra/nage
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