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~ORT~FOR~ PUD <br /> <br />ADDENDUM TO PARK DEDICATIO~ A~EMERT <br /> <br /> ADDENDUM to Park Dedication Agreement, hereinafter "ADDE~DUM", <br /> made this ~-~- day of Ma3', 198~, by and between North Fork, Inc., <br /> hereinafter "DEVELOPER": and the City of Ram~ey, Anoka County, <br /> State of Minnesota, hereinafter "CITY". <br /> <br /> 1. WHEREAS, CITY and DEVELOPER have entered into a certair <br /> P~rk Dedication Agreement, hereinafter "AGREEMENT", dated February <br /> 19, 1987, and attached hereto as Exhibit "A" and incorporated <br /> herein; and <br /> <br /> 2. ~EREAS, Paragraph 6 of the AGREEMENT reserved the <br />dete.-mination of Park Dedication re.~n~irements for that portion of <br />the Northfork PUD located southerly of 153rd Avenue <br />hereinafter "future phase"; and <br /> <br /> 3. ~EREAS, the future phase consists of appro~:imateiy !37 <br />acres; and <br /> <br /> 4. E~E~EAS, the City Code generally pe_--mits the CITY' to <br />require 10% of the acreage of any plat to be dedicated for..park <br />purposes; and <br /> <br /> 5. W~{EREAS, the CITY has indicated its desire to take park <br />dedication for the future phase in land; and <br /> <br /> 6. ~71EREAS, since the execution of the AGREES~NT the CITY <br />has identified ce~ain specific public"park use needs which can <br />best be satisfied by the dedication of land located in areas cf the <br />Northfork PUD other than the future phase and DEI~LOPER is willing <br />to dedicate such alternate land as partial satisfaction of par): <br /> <br /> <br />