Agenda - Council - 02/22/1994 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - PINEWOOD SHADOWS THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CIT'Y"), and GERALD J. AND HEIDI A, BAUER, husband and wife, whose address is 5750 l?th Avenue N.W., Ramsey, Minnesota 55303, and DAN AND ALICE G. MCINNIS, husband and wife, whose address is 1,~915 Puma Street N.W., Ramsey, Minnesota 55303 ("the DEVELOPERS"). WITNESSETH: WHEREAS, the DEVELOPERS are 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: Lot 1, Block 1, and Ouflot A, Pinewood Shadows, Anoka County, Minnesota, the "Subject Property"; and WHEREAS, on February 22, 1994, pursuant to Resolution #94-02-. , the CITY avproved the final plat of the Subject Property which plat is known as PINEWOOD SHADOWS (the "Plat") contingent on certain requirements, including DEVELOPERS and CITY entering into this conrract~ and WHEREAS, the Plat consists of two (2) lots totalling approximately forty (40) acres; WHEREAS, approval of the Final Plat is given pursuant to the Ci5"s Subd/vision Code Section 9.50.05 (Su't~ 2) entitled "Division or Consolidation of Unplatted Lots". WHEREAS, no expend/rare of CITY funds will be made until City Code escrow requirements have been fulfilied by the DEVELOPERS. NOW, THEREFORE, the CITY and DEVELOPER a~ee as follows: IMPROVEMENTS Access to Lots. All lots in the Plat shall have access onto Puma Street N.W. However, because of its designation, Ouflot A is not considered by the CITY to be a buildable lot. Drainage and Utility Easements. Drainage and urilky easements shall be de~cated to the CITY as shown on the Final Plat. II. GENERAL Park Dedication. In accordance with City Code, there shall be no park deal/cation due for the existing homestead or the unbnfldabie out. lot.