Agenda - Council - 08/13/1996 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I RIVER'S BEND 5TH 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 PHOENIX ENTERPRISES, LLC, whose address is 19230 Evans Street, Elk River, MN 55330, (the "DEVELOPER"). WITNESSETH: 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 t, Block 1, Outlot A, RIVER'S BEND 5'II--I ADDITION, Anoka County, Minnesota ("Subject Property"); and WHEREAS, on August 13, 1996, pursuant to Resolution No.96-08- , the CITY has approved the f'mal plat of the Subject Property which plat is known as I}.IVER'S BEND 5TH .A~DDITION (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 $8600.00 per commercial acre and shall apply to Lot 1, Block 1 with Out_lot A being charged at the rate in effect at the time it is platted; and 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 (~ode Compliance. That the DEVELOPER will develop the Plat in accordance with the City Code, Section 9.50, entitled "Subdivision". 2. (~onfor. mance with PI an. The Plat shall be developed pursuant to the final plat for River's Bend 5th Addition, consisting of one sheet prepared by Lot Surveys Company, Inc. entitled River's Bend 5th Addition. 3. Compliance with City Code, That the recitals above and the provisions of the City Charter, Subdivision Code, Zoning Code and Public Improvement Code of the CITY as amended to date hereof, are incorporated herein by reference.