Agenda - Council - 11/25/2003 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - VALVISTA ESTATES THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the CITY"), and EUGENE VALERIO, whose address is 16514 Jaspar Street NW, respectively, (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: The West 578.00 feet of the East 644.00 feet of the South 729.25 feet of the Southwest Quarter of the Southwest Quarter, Section 10, Township 32, Range 25, Anoka County Minnesota Or upon recording: Lots 1, 2, and 3, Block 1, Valvista Estates, Anoka County, Minnesota. (the "Subject Property"); and WHEREAS, on November 25, 2003, pursuant to Resolution #03-11-, the CITY approved the final plat of the Subject Property which plat is'known as VALVISTA ESTATES (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this agreement; and WHEREAS, the Plat consists of three (3) lots totaling approximately 9.67 acres; and WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code Section 9.50.05 (S ubd. 1) entitled "Division or Consolidation of platted Lots". WHEREAS, no expenditure of CITY funds will be made until City Code escrow requirements have been fulfilled by the DEVELOPER. NOW, THEREFORE, the CITY and DEVELOPER agree as follows:' SECTION I. IMPROVEMENTS Access to Lots. Lot 3 shall continue to utilize the existing access onto Jaspar Street, Lot 1 will have the option to gain access on either Jaspar Street or 166th Avenue, and Lot 2 will gain access onto 166th Avenue.