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EXHIBIT A
<br />
<br />FOX KNOLL SPECIAL ASSESSMENT AGREEMENT
<br />
<br /> TH. IS AGREEMENT made this__ day of , 1995, by and
<br />
<br />between the City of Ramsey, a Minnesota municipal corporation (hereinafter referred to as the
<br />"Cie"), and Residential Development, Inc.
<br /> : WITNESSETH:
<br /> WHEREAS, Residential Development, Inc. (hereinafter referred to as "Owner") is the
<br />owner of certain real property in the City of Ramsey, legally described as follows:
<br />
<br /> : Lots 1, 2, 3, 4, 5, 6 and 7, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 12, 13, 14 and 15,
<br /> Block 2; Outlots A and B; Fox Knoll, Anoka County, Minnesota; and
<br /> WHEREAS, the Owner desires to subdivide and develop the Subject Property; and
<br />
<br /> ~ WHEREAS, the development of the Subject Property will require the construction of
<br /> certain public improvements, generally including sanitary sewer, storm drainage facilities, water
<br /> mains and appurtenances, streets with concrete curb and gutter, sidewalks, trail and street lights
<br /> (hereinafter referred to as the "Improvement Project"); and
<br /> ?
<br /> WHEREAS, a public hearing on the Improvement Project was duly held on
<br /> t995; and
<br /> WHEREAS, the Owner wishes for the City to construct the Improvement Project without
<br /> notice of hearing or hearing on the special assessments levied to finance the Improvement Project,
<br /> and fo levy 100% of the cost of the Improvement Project against the Subject Property; and
<br /> -~ WHEREAS, the City is willing to construct the Improvement Project as requested by the
<br />Owner without such notice or hearing, provided the assurances and covenants hereinafter stated are
<br />made by the Owner to ensure that the City will have valid and collectable special assessments to
<br />f'mance the cost of the Improvement Project; and
<br /> WI-12EREAS, were it not for the assurances and covenants hereinafter provided, the City
<br />would not construct the Improvement Project without such notices and hearings and is doing so
<br />soleiy at the behest, and for the benefit, of the Owners;
<br /> NOW, THEREFORE, ON THE BASIS OF THE PREMISES AND THE MUTUAL
<br />COVENANTS AND AGREEMENTS HEREINAFTER PROVIDED, THE PARTIES HERETO
<br />AGREE AS FOLLOWS:
<br />
<br /> I. Owner hereby petitions the City for consamction of the Improvement Project on the
<br />Subject Property.
<br />
<br /> 2. Owner represents and warrants that it is the Owner of 100% of the Subject
<br />ProPerty; that it has full legal power and authority to encumber the Subject Property as herein
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