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<br />WOOD POND HILLS 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 WPH
<br />PROPERTIES, INC., a Minnesota corporation, whose address is 11900 Wayzata Blvd., Suite
<br />208, Minnetonka, MN 55305 (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 />
<br /> Outlots F and G, Wood Pond H/Ils, Anoka County, Minnesota;
<br />
<br /> and upon recording:
<br /> Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20, Block 1; Lots
<br /> 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10, Block 2; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12,
<br /> Block 3; Wood Pond Hills 3rd Addition; Anoka County, Minnesota; and
<br />
<br /> WHEREAS, on August 24, 1993, pursuant to Resolution No. 93-08-. , the CITY
<br />approved the £mal plat of the Subject Property which plat is known as WOOD POND HILLS
<br />3RD 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 prelirninary plat for
<br />Wood Pond Hills approved by the CITY on December 17, 1991; 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 Wood Pond Hills 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: Sanitm-y
<br />sewer, storm drainage facilities, watermains and appur?~na~.ces, and streets w/th 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 r' Improvements and "Stage II"
<br />Improvements which respective definitions are used herein when reference is made to "Stage r'
<br />and "Stage II" Improvements; and
<br />
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