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SUNFISH SQUARE 2ND ADDITION
<br />DEVELOPMENT AGREEMENT
<br />CITY OF RAMSEY
<br />ANOKA COUNTY, MINNESOTA
<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 NORTH r
<br />SUBURBAN DEVLOPMENT, INC., a Minnesota corporation, whose address is 8741
<br />Central Avenue N.E., Blaine, MN 55434 (the "DEVELOPER").
<br />WITNESSETH:
<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, 7, 8, 9, 10, 11, 12, 13, 14 and 15, Block 1; Lots 1, 2, 3, 4, 5, 6, 7,
<br />8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18 and 19, Block 2; Anoka County, Minnesota; and
<br />WHEREAS, on June 27, 1995, pursuant to .Resolution No. 95 -06 the CITY
<br />approved the final plat of the Subject Property which plat is known as SUNFISH SQUARE
<br />2ND ADDITION (the "Plat "), which approval is contingent on certain requirements, including
<br />DEVELOPER and CITY entering into this Agreement; and
<br />WHEREAS, the DEVELOPER attests to the fact that there are no wetlands located on
<br />the Plat; and
<br />WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for i
<br />Sunfish Square approved by the CITY on April 12, 1994; and
<br />WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer
<br />and Water System, which charge is $1,540.00 per residential unit created; and
<br />WHEREAS, the DEVELOPER intends to cause the construction of the following
<br />improvements in the Plat without financial participation on the part of the CITY, to -wit: Sanitary
<br />sewer, storm drainage facilities, watermains and appurtenances, and streets with concrete curb and
<br />gutter, which improvements are termed Stage I Improvements in the City Code ( "Stage I
<br />Improvements "); and
<br />WHEREAS, City Code Section 9.50.50 defines "Stage P' Improvements and "Stage II"
<br />Improvements which respective definitions are used herein when reference is made to "Stage I"
<br />and "Stage H" Improvements; and ,
<br />WHEREAS, the DEVELOPER desires to constuct the Stage I and Stage II
<br />improvements, except for those Stage II Improvements constructed by the CITY. '
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