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1 III II I111IIII I I111 IIIII II1 1111 IJ r I I111 <br />Record ID 1593646 <br />1977751.011 <br />CITY OF RAMSEY <br />SECONDARY DEVELOPMENT CONTRACT <br />FOR RAMSEY TOWN CENTER 711 ADDITION <br />SYMPHONY AT TOWN CENTER <br />STEWART TITLE-JW <br />0Jj 107 <br />CONTRACT dated this ale& day of 4. jU5 , 2005, by and between the <br />CITY OF RAMSEY, a , Minnesota municipal. corpdfation (the "CITY") and RAMSEY <br />TOWN CENTER, LLC, a Minnesota limited liability company and K. HOVNANIAN T&C <br />HOMES AT MINNESOTA, LLC, a Minnesota limited liability company, (collectively the <br />"DEVELOPERS" and individually "RTC" and "T&C"). <br />1. Request for Plat Annroval. The DEVELOPERS have asked the CITY to <br />approve a Plat for RAMSEY TOWN CENTER 7th ADDITION (also referred to in this Contract <br />as the "Plat"). The land is legally described as: <br />Outlot U, Ramsey Town Center Addition, according to the recorded plat thereof, <br />Anoka County, Minnesota <br />And <br />All that part of Outlot B, Ramsey Town Center 2' Addition, according to the <br />recorded plat thereof, described as follows: <br />Beginning at the northwest corner of said Outlot B; thence on an assumed bearing of <br />south 89 degrees 42 minutes 54 seconds east along the northerly line of said Outlot <br />B, for 607.10 feet; thence on a bearing of south for 247.47 feet to a southerly line of <br />said Outlot B; thence on a bearing of west along said southerly line and its westerly <br />extension for 616.21 feet to the westerly line of said Outlot B; thence north 07 <br />degrees 21 minutes 03 seconds east, along said westerly line for 4.51 feet to a point <br />of curvature in said westerly line; thence northerly for 133.43 feet, along said <br />westerly line, along a tangential curve concave to the west, radius 1040.00 feet and <br />central angle 07 degrees 21 minutes 03 seconds, to a point of tangency in said <br />westerly line; thence on a bearing of north, along said westerly line for 112.96 feet to <br />the point of beginning. <br />(the "Subject Property") <br />Ramsey Town Center 7th Addition <br />Development Contract <br />Page 1 of 20 Pages <br />12t1178137v8 820716 8/111165 <br />