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CITY OF RAMSEY DEVELOPMENT AGREEMENT FOR NORTHFORK ALPINE ADDITION This Agreement (hereinafter the "Agreement") is dated as of this day of , 2015 and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY") and DOUBLE T, LLC, 10081 Dogwood St, NW Coon Rapids, MN 55448, a Minnesota domestic limited liability company (the "PERMITTEE"). WHEREAS, the PERMITTEE is the owner of land legally described on the attached Exhibit A (the "Subject Property"); and WHEREAS, the PERMITTEE has received approval from the CITY to subdivide the Subject Property and plat the same as NORTHFORK ALPINE ADDITION (the "Plat"); and WHEREAS, the Plat re -subdivides the Subject Property into Lots 1-4, Block 1, NORTHFORK ALPINE ADDITION, Anoka County, Minnesota. THEREFORE, THE CITY AND THE PERMITTEE AGREE AS FOLLOWS: 1. Conditions of Approval. The CITY has approved the Plat subject to satisfaction of the following conditions subsequent: a. The PERMITTEE'S Execution of this Agreement. That the PERMITTEE enter into this Agreement. b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PERMITTEE' S execution of this Agreement. This proof of authority may be satisfied by providing the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. 2. The Plans. The term "Plans" as used in this Agreement means the plans prepared by Roshell Engineering, LLC dated . The Plans remain subject to: (a) CITY Staff's review and approval of the Plans, among other things, confirm that the revisions requested in the CITY Staffs review letter have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY' S files. 3. Stage I Improvements. The improvements the PERMITTEE will construct or install are as follows: a. Storm drainage facilities.