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RAMSEY MEADOWS 2ND ADDITION <br />DEVELOPMENT AGREEMENT <br /> <br /> CITY OF RAMSEY <br />ANOKA C()UNTY, 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 /> WlTNESSETH: <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 />Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12, Block 1; Lots 1 and 2, Block 2; Outlot A; <br />Anoka County, Minnesota; and <br />WHEREAS, on March 23, 1993, pursuant to Resolution No. 93-03- , the CITY has <br />approved the final plat of the Subject Property which plat is known as RAMSEY MEADOWS <br />2ND ADDITION (the "Piat"), which approval is contingent on certain requirements, including <br />DEVELOPER and CITY entering into this A~eement: and <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 cha~e is required by the CITY for usage of its Trunk Sewer <br />and Water System, which charge is $1415 per residential unit created; and <br /> WHEREAS, the DEVELOPER has submitted a petition to the CITY requesting the <br />construction 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 Stage I Improvements in the City Code ("Stage I Improvements"); and <br /> WHEREAS, pursuant to said petition, the CITY ordered the preparation of a feasibility <br />report prepared by its Cit3' Engineer relating to the proposed Stage I Improvements; and <br /> WHEREAS, the CITY will conduct an Improvement Public Hearing on the Stage I <br />Improvements prior to ordering the Improvements; and <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 /> <br /> <br />