|
'1
<br /> I
<br /> I
<br /> I
<br /> i
<br />
<br /> I
<br /> I
<br /> I
<br /> I
<br /> i
<br /> I
<br /> I
<br /> I
<br /> I
<br /> I
<br /> !
<br /> I
<br /> i
<br /> I
<br />
<br /> WOOD POND HILLS STH ADDITION
<br /> DEVELOPMENT AGREEMENT
<br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA
<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 WPH
<br />PROPERTIES, INC., a Minnesota corporation, whose address is 11900 Wayzata
<br />Blvd., Stfite 208, Minnetonka, MN 55305 (the "DEVELOPER").
<br />
<br />WlTNESSETH:
<br />
<br /> WHEREAS, the DEVELOPER is the fee owner of the following described
<br />property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and
<br />legally described as follows:
<br />
<br /> Lots 1, 2, 3, 4, 5, 6, 7, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14,
<br />15, 16, 17, 18, 19, 20, 21, 22 and 23, Block 2; and Outlot A; Wood Pond Hills 5th
<br />Addition, Anoka County, Minnesota;
<br />
<br />(the "Subject Property"); and
<br />
<br /> WHEREAS, on June 11, 1996, pursuant to Resolution No. 96-06- , the
<br />CITY approved the final plat of the Subject Property which plat is known as WOOD
<br />POND HILLS 5TH ADDITION (the "Plat"), which approval is contingent on certain
<br />requirements, including the DEVELOPER and the CITY entering into this Agreement;
<br />and
<br />
<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary
<br />plat for Wood Pond Hills approved by the CITY on December 17, 1991; and
<br />
<br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk
<br />Sewer and Water System; and said charge has been assessed on the subject property in
<br />conjunction with the Wood Pond Hills Development Agreement; and
<br />
<br /> WHEREAS, the DEVELOPER intends to cause the construction of the
<br />following improvements in the Plat without financial participation on the part of the CITY,
<br />to-wit: Sanitary sewer, storm drainage facilities, watermalns and appurtenances, and streets
<br />with concrete curb and gutter, which improvements are termed Stage I Improvements in the
<br />City CodeC'Stage I Improvements"); and
<br />
<br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and
<br />"Stage II" Improvements which respective definitions are used herein when reference is
<br />made to "Stage I" and "Stage II" Improvements; and
<br />
<br /> WHEREAS, the DEVELOPER desires to constuct the Stage I and Stage II
<br />improvements, except for those Stage II Improvements constructed by the CITY; and
<br />
<br /> WHEREAS, no expenditure of CITY funds will be made until the City Code
<br />escrow requirements have been completed by the DEVELOPER.
<br />
<br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows:
<br />
<br />
<br />
|