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CITY OF RAMSEY <br /> ANOKA COUNTY, MINNESOTA <br />DEVELOPMENT AGREEMENT <br />NORTHFORK LINKS SECOND ADDITION <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF <br />RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and NORTH <br />FORK, INC., a Minnesota corporation, whose address is 713 Bradford Avenue N.W., <br />Champlin, Minneosta 55316 ("the DEVELOPER"). <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 />Lot 1, Block 1 and Lot 1, Block 2, Northfork Links Second Addition, Anoka County, <br />Minnesota <br /> <br />the "Subject Property"; and <br /> <br /> WHEREAS, on September 8, t992, pursuant to Resolution 92-09- , the CITY <br />approved the final plat of the Subject Property which plat is known as NORTHFORK LINKS <br />SECOND ADDITION (the "Plat") contingent on certain requirements, including the <br />DEVELOPER and CITY entering into this contract; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Northfork 5th Addition Planned Unit Development approved by the CITY on May 22, 1990;.and <br /> <br /> WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow <br />requirements have been fulfilled by the DEVELOPER; and <br /> <br /> WHEREAS, City Code Section 9.50.50 defines "Stage r' Improvements and "Stage II" <br />Improvements which definition is used herein when reference is made to "Stage I" and "Stage 11" <br />Improvements; and <br /> <br />WHEREAS, the DEVELOPER desires to construct the Stage I and Stage II <br /> <br />I <br />I <br /> <br />I <br />! <br />! <br />I <br />I <br />I <br />! <br />I <br /> I <br /> I <br /> I <br /> ! <br /> I <br /> i <br /> I <br /> I <br /> <br /> <br />