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CITY OF RAMSEY <br /> <br /> ANOKA COUNTY, MINNESOTA <br /> <br />DEVELOPMENT AGREEMENT - NORTH FORTY 3RD ADDITION <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY <br /> OF RAMSEY, a municipal corporation of the State of Minnesota (the <br /> "CITY"), and R.J.S. BUILDERS INC., a Minnesota corporation, whose <br /> address is 9421 W. River Road, Minneapolis, Minnesota 55444, <br /> <br /> (hereinafter referred to as "the DEVELOPER"). <br /> WITNESSETH: <br /> <br /> WHEREAS, the FEE OWNER of the Subject Property is R.J.S. <br /> BUILDERS INC.; and <br /> <br /> WHEREAS, the DEVELOPER desires to plat the following described <br />property situated in the CITY OF RAMSEY, County of Anoka, State of <br />Minnesota, and legally described as follows: <br /> <br /> The Northwest Quarter (NW~) of the Northeast Quarter <br /> (NE~) of Section 20, Township 32, Range 25, Anoka, <br /> Minnesota; <br /> <br /> AND <br /> <br /> The Northeast Quarter (NE~) of the Northeast Quarter <br /> (NE~) of Section 20, Township 32, Range 25, Anoka, <br /> Minnesota; <br /> <br /> Except the North 627.94 feet of the East 727 feet as <br /> measured along the East and North lines thereof. <br /> <br />the "Subject Property"; and <br /> <br /> WHEREAS, on February 27, 1990, the CITY approved the final <br /> <br />plat of the Subject Property pursuant to Resolution 90-02- ,, <br />which plat is known as NORTH FORTY 3RD ADDITION (the "Plat") <br /> <br /> <br />