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THIS
<br />RAMSEY,
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<br /> FOX KNOLL
<br /> DEVELOPMENT AGREEMENT
<br /> CITY OF RAMSEY
<br />ANOKA COUNTY, MINNESOTA
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<br />RESIDENTIAL DEVELOPMENT, INC., whose
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<br />Chanhassen, Mn 55317 (the "DEVELOPER").
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<br /> : WITNESSETH:
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<br /> AGREEMENT, made and entered into by and between the CITY OF
<br />a municipal corporation of the State of Minnesota (the "CITY"), and
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<br /> address is 15 Choctaw Circle,
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<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
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<br />as follows:
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<br />Lots 1, 2, 3, 4, 5, 6, and 7, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, and
<br />15, Block 2; Out. lots A and B; FOX KNOLL, Anoka County, Minnesota
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<br /> ("Subject Property"); and
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<br /> : WHEREAS, on May 9, 1995, pursuant to Resolution No. 95-05-. ..... the CITY has
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<br />approved the final plat of the Subject Property which plat is known as FOX KNOLL (the
<br />"Plat"), which approval is contingent on certain requirements, including DEVELOPER and
<br />cITy entering into this Agreement; and
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<br /> WHEREAS, the DEVELOPER has submitted a petition requesting the extension of
<br />sewer and water to the Subject Property; and
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<br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer
<br />andWater System, which charge is $1539 per residential unit created; and
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<br /> ~ WHEREAS, the DEVELOPER has submitted a petition to the CITY requesting the
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<br />construction of the following improvements in the Plat, to-wit: Sanitary sewer, storm drainage
<br />facilities, watermains and appurtenances, and streets with concrete curb and gutter, which
<br />improvements are termed Stage I Improvements in the City Code ("Stage I Improvements"); and
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