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TOWN CENTER GARDENS <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY"), and <br />BRIGHTKEYSr DEVELOPMENT CORPORATION, a Minnesota corporation, whose <br />address is 1809 Northwestern Ave., Stillwater, MN 55082 ("DEVELOPER"). <br /> <br />WITNESSETH: <br /> <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 /> <br />Lot 1, Block 1, Town Center North, according to the recorded plat thereof, Anoka <br />County, Minnesota <br /> <br />And <br /> <br />The south 609.00 feet of the east 650.00 feet of the north half of the Northeast Quarter <br />of Section 28, Township 32, Range 25, Anoka County, Minnesota <br /> <br /> or upon recording - <br /> <br /> Lots 1-8, Block 1, Lots 1-5, Block 2, and Lots 1-7, Town Center Gardens <br /> Anoka County Minnesota <br /> <br /> (the "Subject Property"); and <br /> <br /> WHEREAS, on July 22, 2003, pursuant to Resolution No. 03-07-__, the CITY approved <br />the preliminary plat of the Subject Property which plat is known as TOWN CENTER <br />GARDENS (the "Plat"), which approval is contingent on certain requirements, including the <br />DEVELOPER and the CITY entering into this Agreement; and <br /> <br />Town Center Gardens Subdivision <br />Development Agreement <br /> Page 1 of 12 <br /> <br /> <br />