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

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I I I I I I I I CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - TRANBY TERRACE 2ND ADDITION THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the CITY"), and DAVID M. TRANBY and KATHY B. TRANBY, husband and wife, whose address is 17230 Tiger Street N.W., Ramsey, Minnesota ("the DEVELOPERS"). WITNESSETH: WHEREAS, the DEVELOPERS are the fee owners 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 and 3, Block 1, TRANBY TERRACE 2ND ADDITION, Anoka County, Minnesota' the "Subject Property"; and WHEREAS, on August 13, 1996, pursuant to Resolution g96-08- the CITY approved the finalr plat of the Subject Property which plat is known as TRANBY 'TERRACE 2ND ADDITION (the "Plat") contingent on certain requirements, including DEVELOPERS and CITY entering into this agreement; and WHEREAS, the Plat consists of three (3) lots totalling approximately 29.7 acres; WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code Section 9.50.05 (Subd. 2) entitled "Division or Consolidation of Unplatted Lots". WItEREAS, no expenditure of CITY funds will be made until City Code escrow requirements have 'been fulfilled by the DEVELOPER. NOW, TItEREFORE, the CITY and DEVELOPER agree as follows: IMPROVEMENTS Access to Lots. All lots within the plat shall have access onto Tiger Street N.W. Drainage and Utility Easements. The standard drainage and utility easements around the perimeter of each of the two lots shall be dedicated to the CITY on the Final Plat Resubdivislon Restrictions. Under 4 in 40 density restrictions, it is herein agreed that lots 1, 2, and 3 of the Plat will not be eligible for further resubdivison until sanitary sewer and municipal water are available to the Subject Property or the repeal or reduction of the 4 in 40 density restrictions.