Agenda - Council - 08/25/1992 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY~ MINNESOTA DEVELOPMENT AGREEMENT RIVER BLUFFS PLANNED UNIT DEVELOPMENT THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and JUNIPER RIDGE PARTNERSHIP, A MINNESOTA PARTNERSHIP, whose address is 4140 Terrace Lane, Minnetonka, Minnesota, ("the DEVELOPER"). WITNESSETH: WHEREAS, the DEVELOPER is the fee owners of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: River Bluffs, Anoka County, Minnesota the "Subject Property"; and WHEREAS, on August 25, 1992, pursuant to Resolution 92-08- , the CITY approved the final plat of the Subject Property which plat is known as RIVER BLUFFS (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this conmac~ and WHEREAS, the final plat for the Subject Property conforms to the revised preliminary plat for River Bluffs approved by the CITY on August 13, 1991; and WHEREAS, no expenditure of CITY funds, will be made until the City Code escrow requirements have been fulfilled by DEVELOPER; and WHEREAS, City Code Section 9.50.50 defi~es "Stage I" Improvements and "Stage II" Improvements which definition is used herein when reference is made to "Stage I" and "Stage 11" Improvements; and WHEREAS, the DEVELOPER desires to construct the Stage I and Stage improvements, except for those Stage II Improvements constructed by the CITY. I I I ! I ! I I I I I I I I I I I I !