Agenda - Council - 10/13/1987 - Laserfiche WebLink

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CITY OF ~AMSEY ANOKA COUNTY · MINNESOTA DEVELOPMENT A~REEHENT RIVER'S BEND PLAZA IND ADDITION DRAFT THIS AGREEMENT, made and entered into on this day of , 1987· by and between the CITY OF RAMSEY, a municipal corp0ratiou of the State of Minnesota (hereinafter'the "City")· and Ramsey Center Partnership and Oxbow Properties Inc. (hereinafter called the "Developer") · WITNESSETH: WHEREAS, the Developer is the fee owner of the property referred to as "subject property" and is described as follows: Ail that part of Government Lot 3, Section 25, Township 32, Range 25, Anoka County, minnesota, described as Commencing at a point on the centerline of St. Prancis Boulevard N.W. distant 480.00 feet northwesterly from the intersection of said centerline with the South line of Government Lot 6 of Section 36, said Township and Range,. as measured along said centerline; thence northwesterly along said centerline for 250.00 feet; thence northeasterly, at a right angle to said centerline, for 350.00 feet; thence northwesterly along a line to be hereafter known as Line "A" for the-purposes of this description, parallel with said centerline, for 1100.00 feet to a point to be hereafter known as Point "B': for the purposes of this description; thence southwesterly along the southwesterly extension of a line to be hereafter known as Line "C" for the purposes of this description, said Line "C" to be hereinafter described, for 350.11 feet, more or less, to intersect said centerline of St. Prancis Boulevard N.W.· said point of intersection being the actual Point of Beginning of the land to be hereby described; thence return northeasterly along said Line C to the afore described Point B; thence northwesterly 'along the northwesterly extension of said Line A for 160.05 feet; thence southwesterly parallel with said Line C for 346.42 feet, more or less, to intersection said centerline of St. Francis Boulevard N.W.; thence southeasterly along said centerline to the Point of Beginning. Said Line "C" being descr-ibed as Beginning at the afore described Point "B"; thence northeasterly to terminate at the point of intersection of the two following described lines: Line 1 is described'as a line parallel with and distant 900.00 feet easterly from the West line of said Government Lot 3 as measured at right angles to said West line of said Government Lot 3. Line 2 is described as a line parallel with and distant 600.00 feet southerly of the North line of said Government Lot 3 as~ measured at right angles to said North line of said Government Lot 3. 1