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HIGHLANDS AT RIVER PARK 4T}~ ADDITION <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY"), and ARCON <br />DEVELOPMENT, INC. whose address is 7625 Metro Boulevard, Suite 350, Edina, MN 55439 <br />(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 />The south 660 feet of the west 181.5 feet of the Southwest Quarter of the Northeast <br />Quarter of Section 24, Township 32, Range 25, Anoka County, Minnesota. <br /> <br />and <br /> <br />The south 660 feet of the Southeast Quarter of the Northwest Quarter of Section 24, <br />Township 32, Range 25, Anoka County, Minnesota, except the west 1206 feet <br />thereof. <br /> <br />and <br /> <br />Lot 10, Block 4, Highlands at River Park, according to the recorded plat thereof <br />Anoka County, Minnesota. <br />- or upon recording - <br /> <br />Lots 1 2, 3, 4, 5, 6, 7, 8, 9, and 10, Block 1; HIGHLANDS AT RIVER PARK 4TM <br />ADDITION, Anoka County, Minnesota. <br /> <br />(the "Subject Property"); and <br /> <br /> WHEREAS, on December 16, 2003, pursuant to Resolution No. 03-12- , the CITY <br />approved the final plat of the Subject Property, which plat is known as HIGHLANDS AT <br /> Development Agreement/Highlands at River Park 4th Addition <br /> Page 1 of 11 <br /> <br /> <br />