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CITY OF RAMSEY <br />ANOKA COUNTY, MINNESOTA <br /> DEVELOPMENT AGREEMENT <br /> NORTHFORK OAKS 2ND ADDITION <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF <br />RAMSEY, a m~unicipal corporation of the State of Minnesota (the "CITY"), and NORTH <br />FORK, INC., ~t Minnesota corporation, whose address is 713 Bradford Avenue N.W., <br />Champlin, Minnesota, ("the DEVELOPER"). <br /> WlTNES. SETH: <br /> <br /> WHERE~S, the DEVELOPER is the fee owner of the following described property <br />situated in the C.iTY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br /> <br />as follows: <br /> <br />Lots 1, 2¢3, 4 and 5, Block 1; Lots 1, 2, 3, 4, and 5, Block 2; Northfork Oaks 2nd <br />Addition,!Anoka County, Minnesota; <br /> <br />the "Subject Property"; and <br /> <br /> WHEREAS, on JULY 11, 1995, pursuant to Resolution 95-07- , the CITY approved <br />the final plat ofithe Subject Property which plat is known as NORTHFORK OAKS 2ND <br />ADDITION (th~ "Plat") contingent on certain requirements, including DEVELOPER and <br />CITY entering irito this contract; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Northfork Oaks approved by the CITY on January 24, 1995; and <br /> <br /> WHEREAS, the DEVELOPER herein attests to the fact that there are wetlands existing <br />on the Subject PrOperty; and <br /> <br /> WHERE~S, no expenditure of CITY funds, will be made until the City Code escrow <br />requirements hav~ been fulfilled by DEVELOPER; and <br /> <br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements wl~ich def'mition is used herein when reference is made to "Stage I" and "Stage 11" <br />Improvements; arid <br /> <br /> <br />