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CITY OF RAMSEY <br /> <br /> ANOKA COUNTY, MINNESOTA <br /> <br />DEVELOPMENT AGREEMENT - OLEO ACRES 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 BOYD R. HANSON and SHIRLEY HANSON, whose address is <br /> <br />8241 161st Avenue N.W., Ramsey, Minnesota ("the DEVELOPER"). <br /> WITNESSETH: <br /> <br /> WHEREAS, the FEE OWNERS of the Subject Property are Boyd R. <br />Hanson and Shirley Hanson; 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 /> That part of the South Half of the Southwest Quarter of <br /> the Northeast Quarter of SEction 17, Township 32, Range <br /> 25, Anoka County, Minnesota, described as follows: <br /> Beginning at a point on the East line of said South Half <br /> of the Southwest Quarter of the Northeast Quarter which <br /> is 150.00 feet South of the Northeast corner thereof; <br /> thence South along said East line to the South line of <br /> said South Half of the Southwest Quarter of the Northeast <br /> Quarter; thence North along said West line to the North <br /> line of said South Half of the Southwest Quarter of the <br /> Northeast Quarter; thence East along the North line <br /> thereof to a point that is 300.00 feet West of the <br /> Northeast corner of said South Half of the Southwest <br /> Quarter of the Northeast Quarter; thence southeasterly <br /> in a straight line to the point of beginning. <br /> <br />the "Subject Property"; and <br /> <br /> WHEREAS, on January 23, 1990, pursuant to Resolution 90-__- <br />__, the CITY approved the final plat of the Subject Property <br />~;hich oiat is known as OLEO ACRES ADDITION (the "Plat") ccntingent <br /> <br /> <br />