|
RAMSEY COMMONS 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 />
<br /> WITNESSETH:
<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, Block 1; Lots 1, 2, 3, 4 and 5, Block 2; Ramsy Commons 2nd
<br /> Addition, Ano-ka Count),, Minnesota ("Subject Property") and;
<br /> WHEREAS, on May 11, 1993, pursuant to Resolution No. 93-05-__, the CITY
<br />approved the final plat of the Subject Property which plat is imown as RAMSEY COMMONS
<br />2ND 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 />Ramsey Commons 2nd Addition approved by the CITY on March 23, 1993; 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 $1,415.00 per residential unit created; 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: Sanitary
<br />sewer, storm drainage facilities, waterm~ns and appurtenances, and sn-eets 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 herein when reference is made to "Stage I"
<br />and "Stage II" Improvements; and
<br /> WHEREAS, the DEVELOPER desires to constuct the Stage I and Stage II
<br />improvements, except for those Stage II Improvements consmuctr, xt by the CITY.
<br />
<br />NOW, THEREFORE, the CITY and DEVELOPER a~ee as follows:
<br />
<br />
<br />
|