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CITY OF RAMSEY <br />DEVELOPMENT AGREEMENT FOR RABBIT MEADOWS <br />This Agreement (hereinafter the "Agreement") is dated as of this day of <br />, 2014 and is by and between the CITY OF RAMSEY, a Minnesota municipal <br />corporation (the "CITY") and ERIC AND KARLA THOMSEN, 6210 Green Valley Road <br />NW, Ramsey, MN 55303, (the "PERMITTEE"). <br />WHEREAS, the PERMITTEE is the owner of land legally described on the attached <br />Exhibit A (the "Subject Property"). <br />WHEREAS, the PERMITTEE has received approval from the CITY to subdivide the <br />Subject Property and plat the same as RABBIT MEADOWS (the "Plat"). <br />WHEREAS, the Plat re -subdivides the Subject Property into Lots 1-3. Block 1, RABBIT <br />MEADOWS, Anoka County, Minnesota. <br />THEREFORE, THE CITY AND THE PERMITTEE AGREE AS FOLLOWS: <br />1. Conditions of Approval. The CITY has approved the Plat subject to satisfaction <br />of the following conditions subsequent: <br />a. The PERMITTEE'S Execution of this Agreement. That the <br />PERMITTEE enter into this Agreement. <br />b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall <br />provide the CITY with proof of marketable title to the Subject Property <br />either through a currently certified abstract, registered property abstract or <br />title insurance commitment or policy. <br />c. Proof of Authority. That the PERMITTEE provide proof that the <br />respective governing boards of the PERMITTEE have authorized the <br />PERMITTEE 'S execution of this Agreement. This proof of authority may <br />be satisfied by providing the CITY with a certified copy of the minutes of <br />the governing board of each entity which grants such authority. <br />2. The Plans. The term "Plans" as used in this Agreement means the Final Plat Plans <br />prepared by Anderson Passe Associates dated XXXX, 2014, revised XXXXXX, <br />2014. The Plans remain subject to: (a) CITY Staff's review and approval of the <br />2014 revisions to, among other things, confirm that the revisions <br />requested in the CITY Staffs July 1, 2014 review letter have been made; and (b) <br />such further revisions as the PERMITTEE may propose and the CITY approves. <br />The Plans shall not be attached to this Agreement, but are in the CITY' S files. <br />3. Stage I Improvements. The required improvements, as stated in City Code Section <br />117-615 (b) (1), the PERMITTEE is required to construct or install are as follows <br />(unless otherwise noted): <br />