Agenda - Council - 06/27/1995 - Laserfiche WebLink

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RIVER/47 PLAZA DEVELOPMENT AGREEMENT CITY OF RAMSEY ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY "), and RUM RIVER PROPERTIES, a Minnesota General Partnership, whose.address is 11666 Wayzata Boulevard, Minnetonka, MN. 55305, (the" DEVELOPER"). WITNESSETH: WHEREAS, the DEVELOPER is the fee owners of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Lots 1, 2, 3 and, Block 1; RIVER/47 PLAZA, Anoka County, Minnesota ( "Subject Property"); and WHEREAS, on June 27, 1995, pursuant to Resolution No. 95 -06- -, the CITY has approved the final plat of the Subject Property which plat is known as RIVER/47 PLAZA (the "Plat "), which approval is contingent on certain requirements, including DEVELOPER and CITY entering into this Agreement; and WHEREAS, the DEVELOPER has submitted a petition requesting the extension of sewer and water to the Subject Property; and WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water System, which charge is $8468 per commercial acre; and WHEREAS, the DEVELOPER has submitted a petition to the CITY requesting the construction of the following improvements in the Plat, to -wit: Sanitary sewer and watermains and appurtenances, which improvements are termed Stage I Improvements in the City Code ( "Stage I Improvements "); and WHEREAS, pursuant to said petition, the CITY will order the preparation of a feasibility report prepared by its City Engineer relating to the proposed Stage I Improvements; and WHEREAS, the CITY will conduct an Improvement Public Hearing on the Stage I Improvements prior to ordering the Improvements; and WHEREAS, no expenditure of CITY funds, including the ordering of plans and specifications, will be made until the City Code escrow requirements have been completed by DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements which respective definitions are used herein when reference is made to "Stage I"