Agenda - Council - 05/23/1995 - Laserfiche WebLink

Home

EXHIBIT A DEAL INDUSTRIAL PARK SPECIAL ASSESSMENT AGREEMENT £ TH_IS AGREEMENT made this , day of , 1995, by and between the City of Ramsey, a Minnesota municipal corporation (hereinafter referred to as the "City"), JamesD. Deal and Pamela S. Deal, husband and wife. WITNESSETH: WHE~S, James D. Deal and Pamela S. Deal, husband and wife, (hereinafter referred to as "Owners") are the owners of certain real property in the City of Ramsey, legally described as follows: Lots 1, 2, 3, and Outlot A, DEAL INDUSTRIAL PARK, Anoka County, Minnesota; and WHEREAS, Owners desire to subdivide and develop the Subject Property; and WHEREAS, the development of the Subject Property Mil require the construction of certain public improvements, generally including sanitary sewer and water mains and appurtenances, (hereinafter referred to as the "Improvement Project"); and WHEREAS, a public hearing on the Improvement Project was duly held on , 1995; and WHEREAS, the Owners wish for the City to construct the Improvement Project without notice of hearing or hearing on the special assessments levied to finance the Improvement Project, and to levy 100% of the cost of the Improvement Project against the Subject Property; and WHEREAS, the City is willing to construct the Improvement Project as requested by the Owners without such notice or hearing, provided the assurances and covenants hereinafter stated are made by Owners to ensure that the City will have valid and collectable special assessments to finance the cost of the Improvement Project; and WHEREAS, were it not for the assurances and covenants hereinafter provided, the City would not construct the Improvement Project without such notices and hearings and is doing so solely at the behest, and for the benefit, of the Owners; NOW, THEREFORE, ON THE BASIS OF THE PREMISES AND THE MUTUAL COVENANTS AND AGREEMENTS HEREI2NAFTER PROVIDED, THE PARTIES HERETO AGREE AS FOLLOWS: I I I I I I I I I I I I I Owners hereby petition the City for construction of the Improve.ment Project on the Subject~Property. 2. Owners represent and warrant that it is the Owner of 100% of the Subject Property; that it has full legal power and authority to encumber the Subject Property as herein provided; and that as of the date hereof, it has fee simple absolute title in the Subject Property, which is not subject to any liens, interests, or encumbrances, except as listed on Attachment Two, attached hereto and hereby made a part hereof. ! I I I