Laserfiche WebLink
CITY OF RAMSEY <br />DEVELOPMENT AGREEMENT FOR RAMSEY WOODS <br />This Agreement (hereinafter the "Agreement") is dated as of this day of <br />, 2019 and is by and between the CITY OF RAMSEY, a Minnesota municipal <br />corporation (the "CITY") and Island Rentals LLC., a Limited Liability Corporation (Domestic) under the <br />laws of the state of Minnesota (the "PERMITTEE"). <br />RECITALS <br />1. The PERMITTEE is the owner of land legally described on the attached Exhibit A (the <br />"Subject Property"). <br />2. The PERMITTEE has received approval from the CITY to subdivide the parcel generally <br />referred to as 9020 173' Avenue NW per Resolution #19-157. <br />AGREEMENT <br />1. Recitals. Recitals incorporated. The recitals stated above are hereby incorporated into this <br />Agreement and are made part of this Agreement by reference. <br />2. Conditions of Approval. The CITY has approved the Sketch Plan and Final Plat subject to <br />satisfaction of the following conditions subsequent: <br />a. The PERMITTEE'S Execution of this Agreement. That the PERMITTEE enter into this <br />Agreement. <br />b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall provide the <br />CITY with proof of marketable title to the Subject Property either through a currently <br />certified abstract, registered property abstract or title insurance commitment or policy. <br />1 <br />