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DEVELOPMENT ACKE~HENT <br /> <br /> CIT~ OP <br /> ANOKA COUP, M~SOTA <br /> <br />ESTATES 2~ ~DITION F~ UNIT DEV~OP~NT <br /> <br /> Development Asreement by. and between the City of Ramsay, Minuesota <br />(City) and The Menkveld Company, a corporation organized under the laws of <br />the State of Minnesota (Developer). <br /> <br />WIT~ESSETH: <br /> <br /> WHEREAS, Developer is the owner of certain real property situated in <br />Anoka~County, Minnesota, located in the City of Rasmey, the legal <br />description of which property is as follows: <br /> <br />~lue South 636.00 feet of the North 669.00 feet of the West 1650.00 <br />feet of the North Half of the Northeast Quarter of Section 28, <br />Township 32, Range 25, Anoka County, Minnesota. <br /> <br /> I~]/EREAS, :he Developer proposes a Planned Unit Development on said <br />property to be named Pineview Estates 2nd Addition, hereinafter referred to <br />as "P.D.D."; and <br /> <br /> W~EEEAS, Developer desires to effect the recording of the P.U.D. with <br />the A~oka County Recorder, upon the execution and approval thereof by the <br />City. <br /> <br /> NO~, TMEREFOEE, in consideration of the mutual covenants and promises <br />contained herein, it is agreed as follows: <br /> <br /> 1. ~. The parties acknowledge that the P.U.D. is <br />submitted pursuant to the City Code of the City and specifically submitted <br />pursualxt to the planned unit development section of said Code. The parties <br />further acknowledge that the P.U.D. incorporates single family residential <br />uses with commercial/industrial uses in Lots 1 through 10, Block I. <br /> <br /> 2. IMPROVEMENTS. Public improvements to be incorporated and <br />constructed in conjunction with the P.U.D. shall be drainage easements as <br />required by the City Engineer. The Developer shall be responsible for the <br />expense associated with the construction of this improvement. The <br />locations of drainage easements shall be as shown on the attached plat <br />drawing, which plat is attached hereto as Exhibit "A". <br /> <br /> 3. PARKLAND DEDICATION FSE. The Developer shall pay the City's <br />required park dedication fee in accordance with the current City Code <br />requirements. <br /> <br /> 4. ~EESTItICTIVE COVENAHT~. Contemporaneously with and immediately <br />following the recording of the plat, and other documents of conveyance as <br />contemplated by this instrument, Developer shall execute and cause to be <br />recorded restrictive covenants in a form and manner identical to Exhibit <br />"B" hereto attached. The restrictive covenants shall be subject to <br />approval by the City. <br /> <br /> <br />