Agenda - Council - 07/12/1994 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT RIVER BLUFFS 2ND ADDITION THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and JUNIPER RIDGE, a MINNESOTA partnership, whose address is 4140 Terrace Lane, Minnetonka, Minnesota, ("the DEVELOPER"). WITNESSETH: WHEREAS, 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: Lots 1, 2, and 3, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8, and 9, Block 2; River Bluffs 2nd Addition, Anoka Count>,, Minnesota; the "Subject Ih'open>,"; and WHEREAS, on July 12, 1994, pursuant to Resolution 94-07- . , the CITY approved the final plat of the Subject Property which plat is known as RIVER BLUFFS 2ND ADDITION (the "Plat") contingent on certain requirements, including DEVELOPER and CITY ente~hng into this contract; and WHEREAS, the final plat for the Subject Property conforms to the revised preliminary plat for River Bluffs approved by the CITY on August 13, t991; and WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow' requirements have been fulfilled by DEVELOPER; and WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" Improvements which definition is used herein when reference is made to ~ta~e and ta~e 11" Improvements; and WHEREAS, the DEVELOPER desires to construct the Stage I and Stage II improvements, except for those Stage II Improvements consn-ucted by the CITY.