Agenda - Council - 10/22/2013 - Laserfiche WebLink

Home

CITY OF RAMSEY DEVELOPMENT AGREEMENT FOR BROOKFIELD 4TH ADDITION This Agreement (hereinafter the "Agreement") is dated as of this day of , 2013 and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY") and CAPSTONE HOMES, INC., 14014 Sunfish Lake Blvd. NW, a municipal corporation (the "PERMITTEE"). WHEREAS, the PERMITTEE is the owner of land legally described on the attached Exhibit A (the "Subject Property"). WHEREAS, the PERMITTEE has received approval from the CITY to subdivide the Subject Property and plat the same as BROOKFIELD 4TH ADDITION (the "Plat"). WHEREAS, the Plat re -subdivides the Subject Property into Lots 1-15, Block 1, Lots 1- 7, Block 2, Lots 1-20, Block 3, Lots 1-12 Block 4, Lots 1-3, Block 5, Lots 1-11, Block 6, Lots 1- 9, Block 7, BROOKFIELD 4TH ADDITION, Anoka County, Minnesota. THEREFORE, THE CITY AND THE PERMITTEE AGREE AS FOLLOWS: 1. Conditions of Approval. The CITY has approved the Plat subject to satisfaction of the following conditions subsequent: a. The PERMITTEE'S Execution of this Agreement. That the PERMITTEE enter into this Agreement. b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PERMITTEE'S execution of this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. 2. The Plans. The term "Plans" as used in this Agreement means the Final Plat Plans prepared by Anderson Passe Associates dated August 29, 2013, as revised September 24, 2013. The Plans remain subject to: (a) CITY Staff's review and approval of the September 24, 2013 revisions to, among other things, confirm that the revisions requested in the CITY Staff's September 27, 2013 review letter have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY'S files. 3. Stage I Improvements. The improvements the PERMITTEE will construct or install are as follows: