Agenda - Planning Commission - 05/03/2012

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CITY OF RAMSEY DEVELOPMENT CONTRACT FOR MAKOWSKY FAMILY FARMS METES AND BOUNDS SUBDIVISION This CONTRACT dated this day of , 2012, and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY"), and Makowsky Family Farm, LLC, a Minnestoa limited liability company ("PERMITTEE). WHEREAS, the PERMITTEE is the owner of land legally described as follows: That part of the West Half of the Northwest 1/4 of Section 10, Township 32, Range 25, Anoka County, Minnesota described as follows: Commencing at the Northwest corner of Section 10, Township 32, Range 25, thence Easterly on said Section line 80 rods; thence Southerly parallel with the West line of said Section to Trott Brook; thence Westerly along the channel of said Brook to where the West line of said Section crosses the same; thence Northerly along said line to the place of beginning - or upon recording - Description here ("Parcel A") - and- Description here ("Parcel B") (the "Property"). WHEREAS, PERMITTEE desires to split the Property into two (2) parcels; and WHEREAS, on May 3, 2012, pursuant to Resolution No. 12-05- , the CITY approved the subdivision by metes and bounds description (the "Subdivision"), which approval is contingent on certain requirements, including PERMITTEE and the CITY entering into this Contract; and WHEREAS, PERMITTEE understands that the CITY will expend no CITY funds until PERMITTEE has complied with the relevant escrow requirements in the Code of Ordinances of the CITY. NOW, THEREFORE, the CITY, PERMITTEE agree as follows: 1 Conditions of Approval. The CITY hereby approves the Subdivision on condition that PERMITTEE provide the necessary security in accordance with the terms of this Contract. 2. Permittee Plans. PERMITTEE shall develop the Property in accordance with the Permittee Plans, with changes as required by the City Staff Review Letter April 26, 2012. MAKOWSKY FAMILY FARM METES AND BOUNDS SUBDIVISION Development Contract Page 1 of 11