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CITY OF RAMSEY <br />DEVELOPMENT AGREEMENT FOR THE STATIONSTATION <br />This Agreement (hereinafter the "Agreement") is dated as of this 4-4413-12th day of J July,. [ Formatted: Justified <br />2016 and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the { Formatted: Superscript <br />"CITY") and D.R. HORTON, INC. - MINNESOTA, a Delaware Corporation corporation (the <br />"PERMITTEE"). <br />WHEREAS, the PERMITTEE is the owner of land legally described on the attached <br />Exhibit A (the "Subject Property"). <br />WHEREAS, the PERMITTEE has received approval from the CITY to subdivide the <br />Subject Property and plat the same as THEE ETA TIONSTATION (the "Plat"). <br />WHEREAS, the Plat re -subdivides the Subject Property into Lots 1 through 49-, Block <br />1 (inclusive) and Outlots A. B. C. D and E. 1&-E FZARONSTATION. Anoka County, Minnesota. <br />THEREFORE, THE CITY AND THE PERMITTEE AGREE AS FOLLOWS: <br />1. Conditions of Approval. The CITY has approved the Plat subject to satisfaction <br />of the following conditions subsequent: <br />a. The PERMITTEE'S Execution of this Aereement. That the <br />PERMITTEE enter into this Agreement. <br />b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall <br />provide the CITY with proof of marketable title to the Subject Property <br />either through a currently certified abstract, registered property abstract or <br />title insurance commitment or policy. <br />c. Proof of Authority. That the PERMITTEE provide proof that the <br />respective governing boards of the PERMITTEE have authorized the <br />PERMITTEE'S execution of this Agreement. This proof of authority may <br />be satisfied by providing the CITY with a certified copy of the minutes of <br />the governing board of each entity which grants such authority. <br />2. The Plans. The term "Plans" as used in this Agreement means the Final Plat Plans <br />prepared by James R. Hill, Inc. dated May 31, 2016 and revised June 3, 2016. The <br />Plans remain subject to: (a) CITY Staff's review and approval of the Plans to, <br />among other things, confirm that the revisions requested in the CITY Staff's review <br />letter have been made; and (b) such further revisions as the PERMITTEE may <br />propose and the CITY approves. The Plans shall not be attached to this Agreement, <br />but are in the CITY'S files. The Plan set includes the following sheets. <br />1.10: Title Sheet <br />1.20: Site Information <br />Formatted: Space After: 0 pt, Line spacing: single <br />Formatted: Font: Times New Roman, 12 pt <br />{ Formatted: Font: Times New Roman, 12 pt <br />