Laserfiche WebLink
CITY OF RAMSEY <br /> DEVELOPMENT AGREEMENT FOR COR THREE NORTH COMMONS <br /> This Agreement (hereinafter the "Agreement") is dated as of this day of , 2016 <br /> and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the <br /> "CITY") and PURMORT HOMES, INC, a Minnesota Corporation (the "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 COR THREE NORTH COMMONS (the"Plat"). <br /> WHEREAS, the Plat re-subdivides the Subject Property into Lots 1-13, Block 1 <br /> (inclusive) and Outlots A &B, COR THREE NORTH COMMONS, 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 Agreement. 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 Landform Professional Services, dated August 4, 2016. The Plans <br /> remain subject to: (a) CITY Staff's review and approval of the Plans to, among <br /> other things, confirm that the revisions requested in the CITY Staff's review letter <br /> have been made; and(b) such further revisions as the PERMITTEE may propose <br /> and the CITY approves. The Plans shall not be attached to this Agreement,but are <br /> in the CITY'S files. The Plan set includes the following sheets. <br /> CO.1: Civil Title Sheet <br /> C 1.1: Existing Conditions <br /> C1.2: Demolition <br /> 1 <br />