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SUNNY PONDS 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 NORTH
<br />SUBURBAN DEVLOPMENT, INC., a Minnesota corporation, whose address is 8741
<br />Central Avenue N.E., Blaine, MN 55434 (the "DEVELOPER").
<br />
<br /> WlTNESSETH:
<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 and 7, Block t; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12, Block 2;
<br /> Lots 1, 2, 3, 4, 5, 6, 7 and 8, Block 3; Sunny Ponds 3rd Addition; Anoka County,
<br /> Minnesota; and
<br /> WHEREAS, on June 22, 1993, pursuant to Resolution No. 93-06- , the CITY
<br />approved the final plat of the Subject Property which plat is known as SUNNY PONDS 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 final plat for the Subject Property conforms to the preliminary plat for
<br />Sunny Ponds approved by the CITY on May 26, t992; 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: 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
<br /> WHEREAS, City Code Section 9.50.50 def'mes "Stage I" Improvements and "Stage II"
<br />Improvements which respective defirfitions are used herein when reference is made to "Stage I"
<br />and "Stage Ir" Improvements; and
<br /> WHEREAS, the DEVELOPER desires to consmct the Stage t and Stage II
<br />improvements, except for those Stage 1-[ Improvements consm.mted by the CITY.
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