Agenda - Council - 02/28/1995 - Laserfiche WebLink

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! ,I '! ! i I ,I CITY OF RAMSEY ANOKA COUNTY, MINNESOTA I~EVELOPMENT AGREEMENT - PUTTER'S FIELD THIS AGREEI~IENT, made and entered into by and betWeen the CITY OF RAMSEY, a municipal corpori, tion of the State of Minnesota (the "CITY"), and RICHARD J. KERNER, whose address is Route 1, Box 189, Isanti, Minnesota ("the DEVELOPER") WITNES~ETH: WHERE~S, 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: Lot 1, Bl°~ k 1, PUTYER'S FIELD, Anoka County, Minnesota the "Subject Prol~rty"; and WHERgAS, on February 28, 1995, pursuant to Resolution #95-02-.. , the CITY approved the fina~ plat of the Subject Property which plat is known as PUTTER'S FIELD (the "Plat") contingen~on certain requirements, including DEVELOPER and CITY entering into this agreement; and WHERE~S, the Plat consists of one (1) lots totalling approximately 1.4 acres; WHERE.AS, approval of the Final Plat is given pUrsuant to the City's Subdivision Code Section 9.50.05 ($ubd. 2) entitled "Division or Consolidation of Planed Lots',. WHEREAS, no expenditure of CITY funds will be made until City Code escrow requirements hav~ been fulfilled by the DEVELOPER. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: IMPROVEMENTS Access to Lots. Lot 1, Block 1, shall have access onto 170th Lane N.W. The DEVELOPER herein agrees to deposit a cash payment at the City in the amount of Two Thousand Three Hundred Thirty One Dollars and 40/100 ($2,331.40) as amortized compens_~tion for the benefits received from the 1979 street construction and 1983 sealcoating projects for which the Subject Property did not receive an assessment. Drainag~ and Utility Easements. The standard drainage and utility easements around the perimeter of the lot shall be dedicated to the CITY on the Final. Plat.