Agenda - Council - 07/28/1987 - Laserfiche WebLink

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CITY OF RA~S~ ANOKA COUNTY, MINNESOTA PROPOSED DEVELOPME~T AGREEMENT FLINTWOOD HILLS 4TH ADDITION PLKNNED UNIT DEVELOPMENT THIS AGREEMENT, made and entered into on this day of .... , 1987, by and between the CITY OF RAMSE¥~."a municipal corporation of the State of Minnesota (hereinafter the "City"), and the owners and subdividers identified in paragraph 11 herein (hereinafter called the "Developers"). WITNESSETH: WHEREAS, the Developers are the Contract for De'ed purchasers of the property referred to as the "subject property" and is described as follows: Outlot A, FLINTWOOD HILLS 2ND ADDITION, Anoka County, Minnesota. hereinafter "subject property", and WHEREAS, N.D.H., Inc., a Minnesota corporation, is the fee owner of the subject property; and WHEREAS, the City has approved the plat, of the subject property which plat is known as FLINTWOOD HILLS 4TH ADDITION, which plat has been approved by the City as a Planned Unit Development (PUD), and is hereafter referred to as "the plat". WHEREAS, City Code Section 170.039B define "Stage I" Improvements and "Stage II" Improvements which definition is used herein when reference is made to "Stage I" and "Stage II" Improvements; and WHEREAS, the City by its. improvement projects #84-1, #84-12, #84- 13, #84-18 and #85-15 has installed the required "Stage I" improvements and assessed the cost of the same against the subject property; and WHEREAS, the original City assessment levied against the subject property for improvement projects ~84-1, ~84-12, ~84-13, #84-18 and #85-15 was $ ' ' . .__; and WHEREAS, the original assessment has been reduced by installments paid With real estate taxes due in 1986; and WHEREAS, the City requires that the balance of the assessments, $ -.__, which is the balance as of , be spread against the twelve lots to be created by the plat.