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RIVER'S BEND 3RD 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 ELIZABETH
<br />J. RAUDIO and ARTHUR K. RAUDIO, husband and wife, whose
<br />
<br />PARTNERSHIP,
<br />DEVELOPMENT,
<br />"DEVELOPERS").
<br />
<br /> WITNESSETH:
<br />
<br />whose address is
<br />
<br /> LLC, whose address
<br />
<br />, and RAMSEY
<br />
<br />is
<br />
<br />CENTER
<br />
<br />address is
<br />LIMITED
<br />and R.F.
<br />
<br /> ,(the
<br />
<br /> WHEREAS, the DEVELOPERS are the fee owners 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, I1, 12, 13, 14, 15, 16 and 17, Block 1; Outlots A, B, C,
<br /> D, E, F, and G; RIVER'S BEND 3RD ADDITION, Anoka County, Minnesota
<br /> ("Subject Property"); and
<br /> WHEREAS, on May 25, 1993, pursuant to Resolution No. 93-05- , the CITY has
<br />approved the final plat of the Subject Property which plat is known as RIVER'S BEND 3RD
<br />ADDITION (the "Plat"), which approval is contingent on certain requirements, including
<br />DEVELOPER and CITY entering into this Agreement; and
<br /> WHEREAS, the DEVELOPERS have submitted a petition requesting the extension of
<br />sewer 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 $1415 per residential unit created; and
<br /> WHEREAS, the DEVELOPERS have 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 City Engineer relating to the proposed Stage I Improvements; and
<br /> WHEREAS, the CITY will conduct an Improvement Public Hearing on the Stage I
<br />
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