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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 />i <br />I <br />I <br />I <br />I <br /> <br />ALPACA ESTATES 4TH ADDITION <br />DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY <br /> 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 ALPACA <br />ESTATES, a Minnesota Partnership, whose address is 7807 142nd Avenue N.W., Ramsey, MN <br /> <br />55303, (the "DIgVELOPER"). <br /> <br /> WITNE$SETH: <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 /> Lots 1, 2, 3, 4, 5, 6 and 7, Block I; Lots 1, 2, 3 and 4, Block 2; Outlot A; Alpaca Estates <br /> 4th Addition, Anoka County, Minnesota <br /> ("Subject Property"); and <br /> <br /> WHEREAS, on October 8, 1996, pursuant to Resolution No. 96-10- the CITY has <br /> [ ' <br /> <br />approved the final plat of the Subject Property, which plat is known as ALPACA ESTATES 4TH <br />ADDITION (th~ "Plat"), which approval is contingent on certain requirements, including <br />DEVELOPER and CITY entering into this Agreement; and <br /> <br /> WHEREAS, no expenditure of CITY funds will be made until the City Code escrow <br />requirements have been completed by DEVELOPER; and <br /> <br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements, which respective definitions are used herein when reference is made to "Stage I" <br />and "S rage ll" Improvements. <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br />STAGE I IMPROVEMENTS AND FINANCIAL GUARANTEES: <br /> <br />City Code Compliance. The DEVELOPER will develop the Plat in accordance with <br />City Code; Section 9.50, entitled "Subdivision". <br /> <br /> <br />