Agenda - Council - 08/24/2004 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - FALCONER'S RIDGE THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation of the State of Minnesota (the CITY"), and ELIOT SCHAFFER, whose address is 6200 Green Valley Road, respectively, (the "DEVELOPER"). WITNESSETH: WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: That part of the Southwest Quarter of the Southwest Quarter of Section 2, Township 32, Range 25, Anoka County, Minnesota lying southerly of centerline of Trott Brook, except that part platted as Fox Ridge Estates together with the west 179.75 feet of the east half of the Southwest Quarter of said section lying south of the centerline of County Road No. 63, and the south 51.00 feet of the north 404.00 feet of the east 15.00 feet of the Northwest Quarter of the Southwest Quarter of said Section 2. And Outlots A and B, Fox Ridge Estates, Anoka County, Minnesota Or upon recording: Lot 1, Block l, Lot 1, Block 2, Outlot A, Falconer's Ridge, Anoka County, Minnesota. (the "Subject Property"); and WHEREAS, on August 24, 2004, pursuant to Resolution #04-08- , the CITY approved the final plat of the Subject Property which plat is known as FALCONER'S RIDGE (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this agreement; and WHEREAS, the Plat consists of one existing homestead, the creation of one new lot, an Outlot, and the dedication of a park totaling approximately 21.46 acres; and WHEREAS, approval of the Final Plat is given pursuant to the City's Subdivision Code Section 9.50.05 (Subd. 1) entitled "Division or Consolidation of platted Lots". WHEREAS, no expenditure of CITY funds will-be made until City Code escrow requirements have been fulfilled by the DEVELOPER.