Agenda - Council - 11/12/2013 - Laserfiche WebLink

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T (612) 337-6100 F (612) 339-6591 100 Washington Ave 3 I Suite 1300 Minneapolis, MN 55401 siegelbrill.com October 24, 2013 VIA U.S. MAIL City of Ramsey, Planning Division Attn: Tim Gladhill — Development Services Manager 7550 Sunwood Drive NW Ramsey, Minnesota 55303 Re: Request for Release from Allocation Agreement Ramsey Town Center 3rd Addition Our File No. 26353-000 Dear Mr. Gladhill: SIEGEL BRILL PA ATTORNEYS AT LAW We represent Sophia -Ramsey LLC, the owner of Lots 1 and 2, Block 1, Ramsey Town Center 3rd Addition, Anoka County, Minnesota, according to the recorded plat thereof (the "Property"). The Property was previously subject to a Master Development Agreement.' However, that Master Development Agreement was subsequently terminated by a Termination Agreement (the "Termination").2 Prior to the Termination, the previous owner of the property, Ramdance, LLC, entered into an Allocation Agreement with the Master Declarant and the City of Ramsey.3 The Allocation Agreement allocated the rights and obligations under the Master Development Agreement between the three (3) parties to the Allocation Agreement. Article 3 of the Termination specifically states: "The...Allocation Agreements...are not terminated and are not otherwise affected by the termination of the Master Development Agreement." However, all of the rights/obligations allocated under the Allocation Agreement are allocations of the rights/obligations under specified sections of the Master Development Agreement. Therefore, the Allocation Agreement allocates rights and obligations that have ' City of Ramsey Master Development Agreement for Ramsey Town Center. dated September 17, 2003, filed in Anoka County on September 24, 2003 as Document No. 446333.0 (Torrens) and Document No. 1854364.0 (Abstract); as amended by First Amendment to City of Ramsey Master Development Agreement for Ramsey Town Center, dated February 28, 2005 filed in Anoka County on March 9, 2005 as Document No. 482049.001 (Torrens) and Document No. 1973508.001 (Abstract); as assigned by Assignment of Master Development Agreement for Ramsey Town Center, dated March 8, 2005, filed in Anoka County on March 10, 2005 as Document No. 482071.010 (Torrens). 2 Termination of Master Development Agreement and Parkland and Trail Plain Agreement. dated June 25, 2009, filed in Anoka County on June 26, 2009 as Document No. 498611.002 (Torrens) and Document No. 2008427.001 (Abstract). 3 Allocation Agreement for the Master Development Agreement Ramsey Town Center