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-2- <br /> <br />the Southwest Quarter a distance of 299.78 feet to its intersection with <br />the Southerly right-of-way line of Great Northern F~ilway; thence North 66030' <br />West along said Southerly right-of-way line a distance of 48.70 feet to the <br />actual point of beginning of the tract of land to be hereby described; thence <br />continuing North 66v30' Westoalong said Southerly right-of-way line a distance <br />of 199 feet; thence South 23 02' West a distance Northerly right-of-way line <br />to its intersection with a line bea~ring South 23o02' West from the actual <br />point of beginning; thence North 23v02' East a distance of 462.46 feet, more <br />or less, to the actual point of beginning. (Also known as Lot 24, Auditor's <br />Subdivision No. 29) (For the purpose of this description, the F~ast line of the <br />Northeast Quarter of the Southwest Quarter is assumed due North and South). <br /> <br />IV]~EREAS, s~d property is owned by the Developer, and <br />WHEREAS, the property is presently zoned for the development <br />of the type proposed by the Developer, that zoning being B-I, Business <br />District; and <br /> <br /> WHEREAS, the development, as proposed by the Developer is a <br />retail business; and <br /> <br /> WHEREAS, the City of Ramsey has enacted the provisions of the <br />State Buildin~ Code; <br /> NOW THEREFORE, for and in consideration of of the mutual <br />agreements and covenents and conditions hereinafter contained, <br /> <br /> IT IS HEREBY AGREF~D AS FOLLOWS: <br /> <br /> Developer agrees to submit development plans and site plans <br /> <br />to the City for approval. Developer agrees to construct the buildings <br />constituting the development, and to develop that property in accordance <br />with the planning, architectural and engineering requirements of all ordinances <br />of the City. <br /> <br /> II. <br /> <br /> After the execution of th~s Contract by the parties to said <br />Contract, ~nd after all other requirements for a building permit have been <br />satisfied by the Developer, the City shall issue a permit to the Developer <br />for the construction of the proposed Development. <br /> <br /> <br />