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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #21-204 <br />A RESOLUTION APPROVING UPDATED DEVELOPMENT AGREEMENT <br />FOR BUNKER LAKE INDUSTRIAL PARK THIRD ADDITION <br />RECITALS <br />1. PSD, LLC hereinafter referred to as the "Permittee" has received approval for Site Plan <br />and Final Plat approval for an industrial building on the property legally described as <br />follows: <br />Lot 1, Block 1, Bunker Lake Industrial Park Third Addition, Anoka County, <br />Minnesota <br />("Subject Property") <br />2. That the Applicant has Site Plan and Final Plat approval from the City of Ramsey, <br />contingent upon the Permittee entering into a Development Agreement with the City. <br />3. That the City Council reviewed and approved the agreement on July 13, 2021. <br />NOW THEREFORE, BE IT RESOLVED BY THIS CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />That the Ramsey City Council hereby grants approval of the Amended Development Agreement <br />(the "Agreement") for PSD, LLC contingent upon the following conditions: <br />CONDITIONS <br />1. Final legal form approved by the City Attorney. <br />2. Compliance with Staff comments as noted in ProjectDox. <br />3. That the Permittee shall be responsible for all City costs incurred in administering and <br />enforcing this Agreement. <br />4. That the Agreement shall be recorded against the Subject Property at cost of Applicant. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />, and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />