Agenda - Council - 09/26/1989 - Laserfiche WebLink

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DEVELOPMENT AGREEMENT CITY OF RAMSEY ANOKA COUNTY, MINNESOTA Development agreement by and between the City of Ramsey, Minnesota ("City') and Joel F. Nelson and Louis Wilhelmi ("Developers"). WITNESSETH: WHEREAS, Joel F. Nelson and Louis Wilhelmi, hereafter referred to as "Developers', have properly applied for plat approval on the following described property located in the City of Ramsey: The Northwest Quarter of lhe Northwest Quarter of Section 7, Township 32, Range 25, Anoka County, Minnesota, and the East Portion of the South thirty three feet (33') of the Southwesl Ouarter of the Southwest Quarler of Seclion 6, Township 32, Range 25, Anoka County, Minnesota. WHEREAS, on July 10, 1989, the Ramsey Planning and Zoning Commission reviewed the sketch plan. Mr. Wilhelmi stated he was willing to dedicate all the easements necessary for the extension of 173rd. Avenue Northwest. In addition, the Planning and Zoning Commission requested reconsideration on his recommendation in Item #5 regarding Lot Orientation. The Planning and Zoning Commission approved the sketch plan for Evergreen Estates; and WHEREAS, on July 13, 1989, the Ramsey Park and Recreation commission approved the sketch plan for Evergreen Estates Addition and that park dedication be satisfied by cash. NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Ramsey, Anoka County, State of Minnesota, as follows: That final plat approval (Resolution # 89-07- ) of Evergreen Estates Addition is granted contingent upon the following: MARKETABLE TITLE. The Developer providing proof of marketable title for the property to the City of Ramsey. IMPROVEMENTS. The Developer shall construct improvements shown on the plan as directed by the City Engineer, in accordance with City standards and specifications. These improvements include the extension of 173rd Avenue N.W. and temporary cul-de- sac within the plat and includes shaping the street and related ditches, grading, backslopes, drainage, and seeding. The Developer shall be responsible for any expenses associated with the construction of these improvements. The Developer shall restore all disturbed areas as specified by the City Engineer. The Developer shall also provide erosion control measures during construction. Said improvements shall be completed on or before November 1, 1989. FINANCIAL GUARANTEE. The Developer shall provide a financial guarantee for the construction of lhese improvements. This guarantee shall be in the form of cash or City approved Letter of Credit in the amount of Three Thousand Seven Hundred Fifty Dollars ($3,750.00), which amounts to 125% of the City Engineer's estimated cost for such