Agenda - Council - 04/12/2016 - Laserfiche WebLink

Home

CITY OF RAMSEY DEVELOPMENT AGREEMENT FOR WOODLANDS This Agreement (hereinafter the "Agreement") is dated as of this day of , 2016 and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY") and U.S. HOME CORPORATION, dba LENNAR, a Delaware Corporation (the "PERMITTEE"). WHEREAS, the PERMITTEE is the owner of land legally described on the attached Exhibit A (the "Subject Property"). WHEREAS, the PERMITTEE has received approval from the CITY to subdivide the Subject Property and plat the same as WOODLANDS 2ND ADDITION (the "Plat"). WHEREAS, the Plat re -subdivides the Subject Property into Lots 1-5, Block 1 (inclusive), Lots 1-9, Block 2 (inclusive), Lot 1, Block 3, and Outlots A & B, WOODLANDS 2ND 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. d. Trail Easement. That the PERMITTEE shall record a twenty (20) foot wide trail easement connecting 159th Ave NW to Traprock Street to the south. e. Hydrant construction to Traprock Street. The PERMITTEE shall construct a hydrant to the terminus of Traprock Street in the TRAPROCK COMMONS subdivision as shown on the Plans. The Plat shall include a drainage and utility easement encumbering this improvement.