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RAMSEY MEADOWS DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY <br /> <br /> ANOKA COUNTY, MINNESOTA <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 GILBERT <br /> <br />MENKVELD, whose address is P.O. Box 547, Anoka, Minnesota 55303 (the <br /> <br />"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 legal}y described <br />in Exhibit A and attached hereto; and <br /> WHEREAS, on June 23, 1992, pursuant to Resolution No. 92-06-__, the CITY has <br />approved the final plat of the Subject Property which plat is known as RAMSEY MEADOWS <br />(the "Plat"), which approval is contingent on certain requirements, including DEVELOPER and <br />CITY entering into this Agreement; and <br /> <br /> WHEREAS, DEVELOPER has submitted a petition requesting the extension of sewer <br />and water to the Subject Property; and <br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer <br />and Water System, which charge is $1357 per residential unit created; and <br /> WHEREAS, the DEVELOPER has submitted a petition to the CITY requesting the <br />consu'uction of the following improvements in the Plat, to-wit: Sanitary sewer, storm drainage <br />facilities, watermains and appurtenances, and streets with concrete curb and gutter, which <br />improvements are termed S rage I Improvements in the City Code ("Stage I Improvements"); and <br /> <br /> WHEREAS, pursuant to said petition, the CITY ordered the preparation of a feasibility <br />report prepared by its City Engineer relating to the proposed Stage I Improvements; and <br /> <br /> WHEREAS, the CITY will conduct an Improvement Public Hearing on the Stage I <br />Improvements on prior to ordering the Improvements; and <br /> <br /> WHEREAS, no expenditure of CITY funds, including the ordering of plans and <br />specifications, will be made until the City Code escrow requirements have been completed by <br />DEVELOPER; and <br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II" <br />Improvements which respective definitions are used herein when reference is made to "Stage I" <br />and "Stage II" Improvements. <br /> <br /> <br />