Agenda - Council - 06/11/1996 - Laserfiche WebLink

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I I I I I ;I I I I i I I I I I I I I 'CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT RABBIT RUN THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and , S.L. DREAM HOMES, INC. a Minnesota corporation, whose address is 13887 Heather Street N.W., Andover, Minnesota, ("the DEVELOPER"). WlTNESSETH: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Lots 1, 2, 3, and 4, Block 1, Rabbit Run, Anoka County, Minnesota; the "Subject Property"; and WHEREAS, on June 1 i, I996, pursuant to Resolution 96-06- , the CITY approved the f'mal plat of the Subject Property which plat is known as RABBIT RUN (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this conu:act; and WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for Northfork Itasca Shores approved by the CITY on May 28, 1996, and WHEREAS, the DEVELOPER herein attests to the fact that there arc wetlands existing on the Subject Property; and WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow requirements have been fulfilled by DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements which definition is used herein when reference is made to "Stage I" and "Stage 11" Improvements; and WHEREAS, the DEVELOPER desires to construct the Stage I and Stage improvements, except for those Stage II Improvements constructed by the CITY.