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.. CITY OF RAMSEY .. .. <br /> <br /> ANOKA COUNTY, MINNESOTA <br /> <br />DEVELOPMENT AGREEMENT - MORTON ADDITION <br /> <br />THIS AGREEMENT, made and entered into by and between the CITY <br /> <br />OF RAMSEY, a municipal corporation of the State of Minnesota (the <br /> <br />"CITY"), and STANLEY E. MORTON and SHELLY L. MORTON, husband and <br /> <br />%;ife, whose address is 16355 St. Francis Boulevard N.W., Ramsey, <br /> <br />~innesota ("the DEVELOPER"). <br /> <br />WITNESSETH: <br /> <br />WHEREAS, the DEVELOPER is the fee owner of the following <br /> <br />described property situated in the CITY OP RkMSEY, County of Anoka, <br /> <br />State of Minnesota, and legally described as follows: <br /> <br />That part of the North % of the Northeast ¼ of Section <br />14, Township 32, Range 25, Anoka County, Minnesota <br />described as follows: Commencing at the intersection of <br />the North line of said Section 14 with the centerline of <br />State Trunk Highway No. 47 as the same is now laid out <br />and traveled, said point being 762.3 feet East from the <br />North ~ corner of said Section 14; thence South 3 degrees <br />05 minutes East along the centerline of said highway a <br />distance of 540.55 feet to the actual point of beginning <br />of the tract of land to be hereby described; thence South <br />1 degrees 52 minutes East continuing along North 0 <br />degrees 19 minutes East a distance of 419.74 feet; thence <br />North 89 degrees 52 minutes West a distance of 910.40 <br />feet to the actual point of beginning. <br /> <br />Subject to easement for highway purposes and subject to <br />easements of record. <br /> <br />the "Subject Property"; and <br /> <br />W]{EREAS, on December __, 1989, pursuant to Resolution <br /> <br />89-12- <br /> <br />, the CITY approved the final plat of the Subject <br /> <br />ope.~y which plat is known as MORTON ADDITION (the "Plat") <br /> <br />contingent on certain <br /> <br /> <br />