|
EXHIBIT F
<br />LIEN AGREEMENT
<br />This Agreement, made and entered into this 26th day of April, 2005, by and between the
<br />City of Ramsey, a Minnesota municipal corporation, having its principal office at 15153
<br />Nowthen Boulevard Northwest, Ramsey, Minnesota 55303 (the "City") and MARTIN LAND
<br />MANAGEMENT, L.L.C., A MINNESOTA LIMITED LIABILITY COMPANY, having its
<br />principal office at 2070 204th Lane NW, Cedar, MN 55011 (the "Developer");
<br />WITNESSETH:
<br />WHEREAS, pursuant to M.S. §469.124 through §46.9.134, the City has created City
<br />Development District No. 1 ("Development District") and, pursuant to M.S. §469.174 through
<br />§469.179, has established Tax Increment Financing District No. 2 ("TIF District"); and
<br />WHEREAS, the • City has adopted a development program ("Program") and tax
<br />increment financing plan ("TIF Plan") for the Development District and TIF District, which
<br />Program and TIF Plan call for the City to perform certain site improvements ("Site
<br />Improvements") and for the Developer to construct certain permanent improvements ("Minimum
<br />Improvements") on property located in the City and legally described as:
<br />That part of Lot 1, AUDITOR'S SUBDIVISION NO. 30, Anoka County,
<br />Minnesota, described as beginning at the Northeast corner of Lot 2 of said
<br />AUDITOR'S SUBDIVISION NO. 30; thence Southeasterly along the Southeasterly
<br />extension of the Northeasterly line of said Lot 2 for a distance of 16.40 feet, more or
<br />less, to intersect the West line of the East 946 feet of said Lot 1, as measured along
<br />the North line of said Lot 1, also being the North line of the Northeast Quarter of
<br />Section 34, Township 32, Range 25, Anoka County, Minnesota; thence North along
<br />said West line of the East 946 feet of Lot 1 for a distance of 250 feet; thence West at
<br />right angles a distance of 200 feet; thence South at right angles a distance of 160.4
<br />feet, more or less to intersect said Northeasterly line of Lot 2; thence Southeasterly
<br />along said Northeasterly line of Lot 2 to the point of beginning. Containing 0.94
<br />acres, more or less.
<br />AND
<br />That part of Lot 1, AUDITOR'S SUBDIVISION NO. 30, Anoka County,
<br />Minnesota, described as commencing at the Northeast corner of Lot 2, said
<br />AUDITOR'S SUBDIVISION NO. 30; thence Southeasterly along the
<br />Southeasterly extension of the Northeasterly line of said Lot 2 for a distance of
<br />16.40 feet, more or less, to intersect the West line of the East 946 feet of said Lot
<br />1, as measured along the North line of said Lot 1, also being the North line of the
<br />Northeast Quarter, Section 34, Township 32, Range 25, Anoka County,
<br />Minnesota; thence North along said West line of the East 946 feet of Lot 1 for a
<br />distance of 250 feet to the actual point of beginning of the tract to be hereby
<br />described; thence West at right angles a distance of 200 feet; thence North at right
<br />angles a distance of 78.25 feet, more or less, to intersect the South line of the
<br />40
<br />
|