Agenda - Council - 03/22/1994 - Laserfiche WebLink

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CHESTNUT RIDGE DEVELOPMENT AGREEMENT CITY OF RAMSEY ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a m~anicipal corporation of the State of Minnesota (the "CITY"), and GOOD VALUE HOMES, INC., a Minnesota corporation, whose address is 9445 East River Road N.W., Coon Rapi~Is, Minnesota 55433 (the "DEVELOPER"). WITNE$SETH: WHERE~AS, the DEVELOPER is the fee owner of the following described property situated in the CI4TY OF RAMSEY, County of Anoka, State of M/nnesota, and legally described as follows upon r~:cording of the plat: Lots 1, 2i 3, 4, 5 and 6, Block 1; Lots 1, 2, 3, 4, 5, 6 and 7, Block 2; Outlot A, CHESTN~.~ T RIDGE, Anoka County, State of Minnesota. WHERE~AS, on March 22, 1994 pursuant to Resolution No. 94-03- , the CITY has approved the tin,il plat of the Subject Property which plat is known as CHESTNUT RIDGE (the "Plat"), whii:h approval is in accordance with the prelim/nary plat for Chestnut Ridge approved on Janu~try 25, 1994 and which approval is contingent on certain requirements, including DEVELOPER a~d CITY entering into this A~eement; and WHERE?~S, the DEVELOPER herein attests to ~he fact that there are wetlands located on the Plat; and : WHEREAS, the DEVELOPER intends to cause the construction of the following improvements in Ce Plat without financial participation on the part of the CITY, to-wit: Samtary sewer, storm drai?age facilities, watermams and appurtenances, and su:eets with concrete curb and gutter, which i~provements are termed Stage I Improvements in the C/ty Code ( Sta~e I Improvements"); ~nd WHERE~S, City Code Section 9.50.50 defines "Stage I" Improvements and "'Stage II" Improvements wt~ich respective definitions are used herein when reference is made to "Stage I" and "Stage I/" Improvements; and WHERE~S, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water Syste~, which charge is $1415 per residential unit created; and WHERE~kS, no expenditure of CITY funds will be made until the City Code escrow requirements hav~ been completed by DEVELOPER; and NOW, THEREti'ORE, the CITY and DEVELOPER a~ee as follows: