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DEVELOPMENT AGREEMENT FOR UTILITIES CITY OF RAMSEY ANOKA COUNTY, MINNESOTA THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and RAYMOND T. RENNER. ap individual, whose address is 6295 144th Avenue N.W., Ramsey, MN 55303 (the 'DEVELOPER"). WITNES[SETH: WHERE~S, the DEVELOPER is the fee owner of the following described property situated in the cI~TY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Lots 1, BlOck 1, Gateway North Industrial Park Plat #3, Anoka County, Minnesota (the "Subject Property"); and WHERE~tS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer and Water Systerr, which charge is $22,568.91 ($8,267.00/acre x 2.73 acres); and WHEREg, S, the DEVELOPER intends to cause the construction of the following improvements tolthe Subject Property: Sanitary sewer, watermains and appurtenances (the "Improvements"); !and WHEREAS, this Subject Property being located in the "special district" is subject to a lateral benefit fee Of $8,524; and WHEREiAS, the Subject Property is subject to WAC charges of $28,750.00 (23 residential equivalents x $1,250/residential equivalent); and WHERE~S, the Subject Property is subject to a SAC handling fee of $3,540.00 (23 residential equivalents x $150.00/residential equivalent); and WHEREAS, the DEVELOPER desires to constuct the improvements. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: 1. Incorpor4tion of All City Co~le Requirements. That the recitals above and the [ provisions !of the City Charter, Subdivision Code, Zoning Code and Public Improvement Code of th~ CITY, as amended to date hereof, are incorporated herein by reference. Improven~ents. The DEVELOPER agrees to construct the Improvements according to the terms a!nd conditions of this contract and in accordance with DEVELOPERS' plans