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CITY OF RAMSEY <br /> DEVELOPMENT CONTRACT <br />FOR RAMSEY TOWN CENTER 3rd ADDITION <br /> <br /> TillS DEVELOPMENT CONTRACT for Ramsey Town Center 3rd Addition (the <br />"Development Contract") is dated this day of October, 2004, by and between the <br />CITY OF RAMSEY, a, Minnesota municipal corporation (the "CITY") and RAMDANCE, <br />LLC, a Minnesota limited liability company (the "DEVELOPER"). <br /> <br /> 1. Request for Plat Approval. The DEVELOPER has asked the CITY to approve a <br />plat for RAMSEY TOWN CENTER 3rd ADDITION (also referred to in this Development <br />Contract as the "Plat"). The land is legally described as: <br /> <br />Outlot I, RAMSEY TOWN CENTER ADDITION, Anoka County, Minnesota; <br /> <br />(the "Subject Property"). <br /> <br />2. Ramse¥ Town Center Master Development Agreement. <br /> <br /> a. By execution of this Development Contract, DEVELOPER <br />acknowledges the Subject Property and its development contemplated by the Preliminary Plat is <br />subject to the terms and conditions of that certain document entitled: <br /> <br /> "CITY OF RAMSEY <br />MASTER DEVELOPMENT AGREEMENT <br />FOR RAMSEY TOWN CENTER <br /> By and Between <br /> CITY OF RAMSEY <br /> And <br /> RAMSEY TOWN CENTER LLC <br /> Dated September 17, 2003" <br /> <br />(the "Master Development Agreement") <br /> <br /> b. The terms and conditions of the Master Development Agreement are <br />incorporated herein by reference as if fully set forth at this point. DEVELOPER further <br />acknowledges, by execution of this Development Contract, receipt of a copy of the Master <br />Development Agreement. In the event of a conflict between the terms of this Development <br />Contract and the terms of the Master Development Agreement, the Master Development <br />Agreement shall control. <br /> <br />Ramsey Town Center 3rd Addition <br />Development Contract <br /> Page 1 of 10 Pages <br /> <br /> <br />