Agenda - Council - 05/11/2021 - Laserfiche WebLink

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CITY OF RAMSEY DEVELOPMENT AGREEMENT FOR WETTERLIND ACRES This Agreement (hereinafter the "Agreement") is dated as of this day of 2021 and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the "CITY") and SANDRA AND LOREN WETTERLIND ("DEVELOPER"). WHEREAS, the DEVELOPER is the fee owner of the following described property situated in the City of Ramsey, County of Anoka, State of Minnesota, and legally described as follows: The West 330 feet of the Northeast Quarter of the Southeast Quarter of Section 17, Township 32, Range 25, Anoka County, Minnesota -or upon recording - Lots 1-2, Block 1 WETTERLIND ACRES, Anoka County, Minnesota (the "Subject Property"); and WHEREAS, on May 11, 2021, pursuant to Resolution #21-122, the CITY approved the final plat for the Subject Property, which plat is known as WETTERLIND ACRES (the "Plat"), which approval is contingent on certain requirements, including the DEVELOPER and the CITY entering into this Agreement. THEREFORE, in consideration of the mutual promises set forth below, the CITY and the DEVELOPER agree as follows: 1. Conditions of Approval. The CITY has approved the Plat subject to satisfaction of the following conditions subsequent: a. Development Agreement. That the DEVELOPER enter into this Agreement. b. Marketable Title. That prior to recording the Plat, the DEVELOPER shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. 2. The Plans. The term "Plans" as used in this Agreement means the Sketch Plan, dated April 14, 2021 and Final Plat, both prepared by Demarc Land Surveying and Engineering. The Plans remain subject to: (a) CITY Staff's review and approval and (b) any such further revisions as the DEVELOPER may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY'S files.