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CEDAR HILLS 2ND ADDITION
<br />DEVELOPMENT AGREEMENT
<br />
<br /> CITY OF RAMSEY
<br />ANOKA COUNTY, MINNESOTA
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<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 TRUSEK,
<br />INC., a Minnesota corporation, whose address is 12541 Dupond Avenue, Burnsville, MN
<br />55337 (the "DEVELOPER").
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<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, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 and 18, Block 1; Lots 1, 2, 3,
<br /> 4, 5, 6, 7, 8, 9, t0, 11, 12, 13, 14 and i5, Block 2; Outlot A; Cedar Hills 2nd Addition;
<br /> Anoka County, Minnesota ("Subject Property"); and
<br /> WHEREAS, on May 25, 1993, pursuant to Resolution No. 93-04-054, the CITY
<br />approved the final plat of the Subject Property which plat is known as CEDAR HILLS 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 />Cedar Hills approved by the CITY on July t0, 1990; and
<br /> WHEREAS, a mink 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 Cedar Hill~ Development Agreemeng and
<br /> WHEREAS, the CITY'S policy for sewer and water tnmk charges is as follows: (a)
<br />single fnrnily residential property shall be charged the greater of three (3) RECs per acre or the
<br />actual number of single f~mily units; (b) commercial and industrial property shall be charged 5.5
<br />R.ECs per acre, and; (c) multi-family resident/al shall be charged the greater of 5.5 RECs per acre
<br />or the actual number of dwelling units; and
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<br /> WHEREAS, the DEVELOPER intends to cause the construction of the following
<br />improvements in the Plat without financial participation on the pan of the CITY, to-wit: Sanitary
<br />sewer, storm drainage facilities, 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
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