Agenda - Council - 12/13/2016 - Laserfiche WebLink

Home

CITY OF RAMSEY AMENDED AND RESTATED DEVELOPMENT CONTRACT (PARTIAL RELEASE) FOR ALPHA DEVELOPMENT This AmendmentAmended and Restated Development Contract (Partial Release) for Aloha Development(this "Agreement")is dated this day of , 2016, and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY"), and Hageman Holdings, LLC ("PERMITTEE"), a Minnesota limited liability company having an address for purposes of this Contract of 13200 43rd St. NE, St. Michael, MN 55376. WHEREAS, PERMITTEE is the owner of fee title to land situated within the city limits of the City, Anoka County, Minnesota, legally described as follows (the"Property"): Lot 1, Block-�1 and Outlots A, B, Viand D,ALPHA DEVELOPMENT, Atieka Gett Minnesetaaccording to the recorded plat thereof. WHEREAS, the CITY and the PERMITTEE are party to a Development Contract-ate Assessment Agreemendated M May 19, 2011 "Agfeements"` dated Mav 20. 2011. recorded in the office of the County Recorder in and for Anoka County. Minnesota on May 23. 2011 as Document No. 2022343.005 (the "Original Development Contract"), which the City required as a condition to its approval of the plat of ALPHA DEVELOPMENT, Anoka County. Minnesota(the "Plat'). WHEREAS, pursuant to the Original Development Contract and as a further condition to the City's approval of the Plat. the CITY and PERMITTEE are party to an Assessment Agreement. dated May 20. 2011,recorded in the office of said County Recorder on May 23. 2011 as Document No. 2022343.006 (the"Assessment Agreement"), and a Storm Water Treatment and Ponding Maintenance Agreement. dated May 20. 2011, recorded in the office of said County Recorder on May 23. 2011 as Document No. 2022343.008 (the "Maintenance Agreement"). WHEREAS, pursuant to the Original Development Contract, the CITY required certain public improvements " , e completed with respect to certain of the Property,more particulary described in the Original Development Contract and defined as the "Stage I City Improvements" and the "Stage I4I Permittee Improvements;"in the Original Development Contract, all of which have been completed-,end. WHEREAS, the PERMITTEE proposed the construction of various private improvements on the Property (the "Private Improvements") that Behave not been completed, but were ineltided inconteWlated by the or-igina1=0riginal Development Contract. NOW, THEREFORE, the CITY and PERMITTEE agree as follows: 1 » s4stitute a i its plaee.Recitals Incorporated. The factual recitals stated above are hereby incorporated into and made a part of this Agreement. ALPHA DEVELOPMENT Amended Development Contract - 1 - 3351371v-8