Agenda - Council - 06/25/1991 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT . $1BBEL ADDITION THIS AGREEMENT, made and entered into by and i~twe~n the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and WERNER SIBBEL, whose address is 7335 155th Avenue N.W., Ramsey, Minnesota ("the DEVELOPER") WITNESSETH: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: Thc Northeast Quarter of the Northeast Quarter of Section 21, Township 32, Range 25. Except the following two described tracts: No. 1: The South 263 feet of the West 166 feet of the said Northeast Quarter of the Northeast Quarter as measured along the west and south lines thereof. No. 2: The South 263 feet of said Northeast Quarter of the Northeast Quarter which lies east of the west 326 feet thereof. Together with the following three described tracts: No. 1: The east 400 feet of the west 1120 feet of the south 263 feet of said Northeast Quarter of the Northeast Quarter of Section 21. No. 2: That part of the south 263 feet of the Northeast Quarter of the Northeast Quarter of Section 21 which lies easterly of the west 1120 f~t thereof. No. 3: The South Half of the South Half of the North Three Quarters of the Northwest Quarter of the Northwest Quarter of Section 22, Township 32, Range 25 which lies westerly of the center line of County Road No. 56. The West 394 feet of the east 994.13 feet of the south 263 feet of said Northeast Quarter of the Northeast Quarter of Section 21 as measured along the west and south lines thereof. the "Subject Property"; and WHEREAS, on June 25, 1991, pursuant to Resolution g91-06- , the CITY approved the final plat of the Subject Property which plat is known as SIBBEL ADDITION (the "Plat,) contingent on certain requirements, including DEVELOPER and CITY entering into this contract; and WHEREAS, the Plat consists of four lots and one ouflot totalling approximately 38 acres; WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code Section 9.50.05 (Subd. 2) entitled "Division or Consolidation of Unplatted Lots". WHEREAS, no expenditure of CITY funds will be made until City Code escrow reequirements have been fulfilled by the DEVELOPER.