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SUNFISH SQUARE
<br />DEVELOPMENT AGREEMENT
<br />
<br /> CITY OF RAMSEY
<br />ANOKA COUN~I'Y, MINNESOTA
<br />
<br /> THIS AGREEMENT, made and entered into by and between the CITY OF
<br />RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and NORTH
<br />SUBURBAN DEVLOPMENT, INC., a Minnesota corporation, whose address is 8741
<br />Central Avenue N.E., Blaine, MN 55434 (the "DEVELOPER").
<br />
<br /> WlTNESSETH:
<br /> WHEREAS, the DEVELOPER is the fee owner of the following descr/bed property
<br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described
<br />as follows:
<br /> Lots I, 2, 3, 4, 5, 6, 7 and 8, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8 and 9, Block 2; Lots 1,
<br /> 2, 3, 4, 5, 6, 7, 8, 9, 10, 1 I, 12, 13, 14, 15 and 16, Block 3; Lot i, Block 4; Outlots A, B
<br /> and C; Sunfish Square, Anoka County, Minnesota; and
<br /> WHEREAS, on June 14, 1994, pursuant to Resolution No. 94-06- , the CITY
<br />approved the final plat of the Subject Property which plat is known as SUNFISH SQUARE
<br />(the "Plat"), which approval is contingent on certain requirements, including DEVELOPER and
<br />CITY entering into this Agreement; and
<br /> WHEREAS, the DEVELOPER attests to the fact that there are no wetlands located on
<br />the Plat; and
<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for
<br />Sunfish Square approved by the CITY on April 12, 1994; and
<br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer
<br />and Water System, which charge is $1,503.00 per residential unit createch and
<br />
<br /> WHEREAS, the DEVELOPER intends to cause the construction of the following
<br />improvements in the Plat without financial participation on the part of the CITY, to-wit: Sanitary
<br />sewer, storm drainage facilities, warerma/ns and appurtenances, and sweets with concrete curb and
<br />gutter, which improvements are termed Stage I Improvements in the City Code ("Stage I
<br />Improvements"); and
<br />
<br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II"
<br />Improvements which respective definitions are used he~-ein when reference is made to "Stage I"
<br />and"S ta~eoH" Improvements; and
<br /> WHEREAS, the DEVELOPER desires to constuct the Stage I and Stage II
<br />
<br />/57;
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