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<br /> CEDAR HILLS 3RD ADDITION
<br /> DEVELOPMENT AGREEMENT
<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 TRUSEK,
<br />INC., a Minnesota corporation, whose address is 12541 Dupont Avenue South, Burnsvilte, MN
<br />55373 (the "DEVELOPER").
<br />
<br /> WITNESSETH:
<br /> WHEREAS, the DEVELOPER is the fe~ 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, and 5, Block 1; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10, Block 2; Lots 1, 2,
<br /> 3, 4, 5, 6 and 7, Block 3; Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18
<br /> and 19, Block 4; Lots 1, 2, 3, 4, and 5, Block 5, Cedar Hills 2nd Addition; Anoka
<br /> County, Minnesota ("Subject Property"); and
<br /> WHEREAS, on September 27, 1993, pursuant to Resolution No. 93-09- , the CITY
<br />approved the final plat of the Subject Property which plat is known as CEDAR HILLS 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 />Cedar Hills approved by the CITY on July 10, i990; 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 Cedar Hills Development Agreemen~ and
<br /> WHEREAS, the CITY'S policy for sewer and water mink charges is as follows: (a)
<br />single family residential property shall be charged the greater of three (3) R.ECs per acre or the
<br />actual number of single family units; (b) commercial and industrial property shall be charged 5.5
<br />RECs per acre, and; (c) multi-family residential shall be charged the greater of 5.5 RECs per acre
<br />or the actual number of dwelling units; 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
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