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I <br />! <br /> <br /> CITY OF RAMSEY <br /> ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT . GLENGARRY ADDITION <br /> <br />THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a <br />municipal corporation of the State of Minnesota (the "CITY"), and BURNSIDE TRAILS <br />DEVELOPMENT COMPANY, INC., whose address is 317 Main Street N.W., Elk River, <br />Minnesota ("the DEVELOPER"). <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the DEVELOPER is the fee owner of the following described property <br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br />as follows: <br /> <br />GlengarD, Addition, Anoka County, Minnesota, <br /> <br />the "Subject Proper~y"; and <br /> <br /> 'WHEREAS, on October 22, 1991, pursuant to Resolution #91-10-' , the CITY <br />approved the final plat of the Subject Prop,ny which plat is known as GLENGARRY <br />ADDITION (the "Plat") contingent on certain requirements, including DEVELOPER and <br />CITY entering into this contract; and <br /> <br />WHEREAS, the Plat consists of three (3) lots totalling approximately thirty (30) acres; <br /> <br /> WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code <br />Section 9.50.05 (Subd. 2) entitled "Division or Consolidation of Unplatted Lots". <br /> <br /> WHEREAS, no expenditure of CITY funds will be made until City Code escrow <br />requirements have been fulfilled by the DEVELOPER. <br /> <br />o <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br />IMPROVEMENTS <br /> <br />Access to Lots. All lots in the Plat have access onto County Road #64. Access for Lots <br />1 and 2, Block 1, shall be located within 30 feet of the common lot line separating the two <br />lots, Access for Lot 3, Block 1, shall be located within 30 feet of the eastern-most lot line. <br /> <br />Drainage and Utility Easements. Drainage and utility easements shall be dedicated to <br />the CITY as shown on the Final Plat. <br /> <br />II. <br />GENERAL <br /> <br />Park Dedication. Park dedication shall be satisifed by cash in the amount of One <br />Thousand and Fifty Dollars ($1,050.00) which equates to Three-hundred and fifty dollars <br />($350.00) for each of the three (3) lots in GLENGARRY ADDITION. q~he cash <br />payment shall be provided to the CITY prior to recording of the plat. <br /> <br /> <br />