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REGENCY POND 4TM ADDITION <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY"), and TSM <br />DEVELOPMENT, INC., a Minnesota corporation, whose 'address is 222 Monroe Street, <br />Anoka, MN 55303 ("DEVELOPER"). <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the DEVELOPER is the fee owner of the following described property <br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br />as follows: <br /> <br />Outlot A, REGENCY POND, according' to the recorded plat thereof, Anoka County, <br />Minnesota. . <br /> <br />-or upon recording~ <br /> <br />Lot 1, Block 1, and Outlot A, REGENCY POND 4]TM ADDITION, Anoka County, <br />Minnesota <br /> <br />(the "Subject Property"); and <br /> <br /> WHEREAS, on November 23, 2004 pursuant to Resolution No. 04- - , the CITY <br />approved the final plat of the Subject Property, which plat is known as REGENCY POND 4TM <br />ADDITION (the "Plat"), which approval is. contingent on certain requirements, including the <br />DEVELOPER and the CITY entering into this Agreement; and <br /> <br /> WHEREAS, the final plat for the Subject Property conforms to the preliminary plat for <br />Regency Pond 4th Addition; and <br /> <br /> WHEREAS, the CITY requires certain improvements to be constructed within the Plat, <br />which improvements are defined as Stage I and Stage II Improvements in the City Code; and <br /> Regency Pond 4th Addition <br /> Development Agreement <br /> Page I of 9 <br /> <br /> <br />