Laserfiche WebLink
31. Parkland and Trail Dedication. The Subject Property is located in the Greenland Hills <br />District. In accordance with the Park and Trail Dedication Contract dated April 12, 2005, <br />there is a park payment obligation due to the CITY in amount of One Hundred Forty Two <br />Thousand Five Hundred Dollars and no cents ($142,500.00) (190 units x $750iunit). As a <br />part of the terms of the June 15, 2005 closing of the sale of part of Outlot B, Ramsey <br />Town Center 2" Addition, from RTC to T&C, a total payment in the amount of Thirty <br />Six Thousand Seven Hundred and Fifty Dollars and no cents ($36,750.00) (49 units x <br />$750.00 per unit) was received by the CITY from RTC as satisfaction of the parkland and <br />trail dedication obligations due on that portion of the Plat lying on Outlot 13, east of <br />Rhinestone Street N.V. The net payment due to the CITY for the remainder of the Plat <br />on Oulot U is One Hundred and Five Thousand and Seven Hundred Fifty Dollars and no <br />cents ($105,75OE00) (141 units x $750 per unit), which will be paid by RTC. <br />32. Sidewalk Construction. RTC shall construct and pave, in accordance with CITY <br />standards, a five (5) foot wide concrete sidewalk with pedestrian ramps in locations <br />prescribed by the CITY as shown on the final plat submittal dated June 24, 2005, at a <br />grade not to exceed 5%, adjacent to streets which are included in Stage I improvements. <br />All other sidewalks shall be contructed and paved by T&C. <br />32. Notices. Required notices to the DEVELOPERS shall be in writing, and shall be either <br />hand delivered to the DEVELOPERS, its employees or agents, or mailed to the <br />DEVELOPERS by certified or registered mail at the following address: <br />Ramsey Town Center, LLC <br />4200 Central Ave. NE <br />Minneapolis, MN 55421 <br />K. Hovnanian T& C Homes at Minnesota, LLC <br />7615 Smetana Lan; Suite 180 <br />Eden Prairie, MN 55344 <br />Notices to the CITY shall be in writing and shall be either hand delivered to the CITY <br />Administrator, or mailed to the CITY by certified mail or registered mail in care of the <br />CITY Administrator at the following address: <br />CITY Administrator <br />CITY of Ramsey <br />15153 Nowlhen Boulevard NW <br />Ramey, Minnesota 55303 <br />CITY OF RAMSEY <br />Its Mayor <br />City Cierk ` `a-mi n 5i-ra r— <br />Ramsey Town Center 7th Addition <br />Development Contract <br />Page t5 of 20 Pages <br />12fl11 0/v88207 6 8/18/05 <br />