Agenda - Council - 08/22/1995 - Laserfiche WebLink

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! ! I I I I I I CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - AEC Energy Park THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corpo?ation of the State of Minnesota (the "CITY"), and ANOKA ELECTRIC COOPERATIVE, INC., a Minnesota Corporation, whose address is 2202 North Ferry Street, Anoka, Minnesc~ta 55303 ("the DEVELOPER"). WITNESSETH: WHER*AS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: ~ Lot 1, BlOck 1; Lot 1, Block 2; Lots 1, 2, 3, 4, 5, Block 3; LOt 1, Block 4; Outlots A, B C and D; AEC Energy Park, Anoka County, Minnesota, the "Subject P~operty"; and WHEREAS, on August 22, 1995, pursuant to Resolution #95-08- , the CITY approved the final plat of the Subject.Property which plat is known as AEC ENERGY PARK (the "Plat") con~ngent on certain requn'ements, including DEVELOPER and CITY entering into this contmcg andI WHEREAS, the Plat consists of eight (8) lots, four (4) outlots, and one (I) park lot totalling approximately one-hundred thirty-eight (138) acres; and WHEREAS, approval of ~e Final Plat is given pursuant to the City's ,Subdivision Code Section 9.50.05 (Sub& 2) entitled Division or Consolidation of Unplatted Lots '. WHEREAS, no expenditure of CITY funds will be made until City Codeescrow requirements have been fulfilled by the DEVELOPER. NOW, T~EREFORE, the CITY and DEVELOPER agree as follows: IMPROVEMENTS Access to Lots. The Plat shall have access onto C.S.A.H. #56, C.S.A.H. #116, and Sunwood: Drive N.W. Extension of 143rd Avenue N.W. and Jasper Street N.W. The DEVELOPER shall proVide a thirty-five foot wide outlot along the southern boundary of Block 2 for the possible ~uture extension of 143rd Avenue N.W. and a 60 foot wide outlot between Lot I, Block 3 a~d Lot 1, Block 4 for the possible future connection of Jasper Street N.W. with Sunwood, Drive. Upon the CITY'S request, the fee title owner of the subject outlots shah deed the Outlots to the CITY, at no expense to the CITY. Drainage~ and Utility Easements. Drainage and utility easements shall be dedicated to the CITY as shown on the Final Plat. By a separate recordable document, Outlot B shall be deeded to the City for drainage purposes and for public utilities. The documents for conveyance of the property shall be provided to the City prior to release of the Plat for recording !at Anoka County.