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SUNNY PONDS 2ND ADDITION
<br />DEVELOPMENT AGREEMENT
<br />
<br /> CITY OF RAMSEY
<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 NORTH
<br />SUBURBAN DEVLOPMENT, INC., a Minnesota corporation, whose address is 8741
<br />Central Avenue N.E., Blaine, MN 55434 (the "DEVELOPER").
<br /> WITNESSETH:
<br /> WHEREAS, the DEVELOPER is the fee owner of the following described property
<br />situated in the CITY OF RAMSEY, Count>, of Anoka, State of Minnesota, and legally described
<br />as follows:
<br /> Lots 1, 2, 3, 4, 5, 6, '7, 8, 9, 10, 11, Block 1; Anoka County, Minnesota; and
<br /> WHEREAS, on April 13, 1993, pursuant to Resolution No. 93-04-. , the CITY
<br />approved the final plat of the Subject Property which plat is known as SUNNY PONDS 2ND
<br />ADDITION (the "Plat"), which approval is contingent on certain requirements, including
<br />DEVELOPER and CITY entering into this Agreement; and
<br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for
<br />Sunny Ponds approved by the CITY on May 26, 1992; and -
<br /> WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer
<br />and Water System; and said charge has been assessed on the subject property in conjunction with
<br />the Sunny Ponds Development Agreement; and
<br /> WHEREAS, the DEVELOPER intends to cause the construction of the following
<br />improvements in the Plat without financial participation on the part of the CITY, to-wit: Sanita0,
<br />sewer, storm drainage facili'ties, watermains and appurtenances, and streets with concrete curb and
<br />gutter, which improvements are termed Stage I Improvements in the City Code ("Stage I
<br />Improvements"); and
<br /> WHEREAS, City Code Section 9.50.50 defines "Stage I" Improvements and "Stage II"
<br />Improvements which respective definitions are used h,ere!n when reference is made to "Stage I"
<br /> ,,
<br />and "Stage II" Improvements; and '..
<br />
<br /> WHEREAS, the DEVELOPER desires to constuct the Stage I and Stage II
<br />improvements, except for those Stage II Improvements constructed by the CITY.
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