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RAMSEY MEADOWS 5th ADDITION <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY"), and T.M.H. <br />DEVELOPMENT, INC., a Minnesota corporation, whose address is 3200 Main Street, #310, <br />Coon Rapids, MN 55448 ("DEVELOPER"). <br /> <br />WITNESSETH: <br /> <br /> WHEREAS, the DEVELOPER is the fee owner of the following described property <br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br />as l:ollows: <br /> <br />That part of the Southwest Quarter of Section 24, Township 32, Range 25 in Anoka <br />County, Minnesota described as follows: <br /> <br />Commencing at a point on the center line of State Trunk Highway No. 47 as it is now <br />laid out and traveled, said point being 93 feet southeasterly, as measured along said <br />center line, from the northeasterly extension of the southeasterly line of Block 3 <br />Gorham's Addition; thence south 64 degrees 18 minutes west on a line parallel to the <br />southeasterly line of said Block 3 a distance of 340 feet to the point of beginning of <br />land to be described; thence continue south 64 degrees 18 minutes west on same <br />described line a distance of 36.78 feet; thence southwesterly on a curve to the left <br />having a radius of 103.25 feet a distance of 113.96 feet; thence south 1 degree 03 <br />minntes 40 seconds west a distance of 345.42 feet; thence southwesterly on a curve to <br />the right having a radius of 115.75 feet a distance' of 121.49 feet thence south 61 <br />degrees i 1 minutes 55 seconds west a distance of 286.99 feet; thence north 1 degree 03 <br />minutes 40 seconds east a distance of 534.42 feet to a point which is 160 feet <br />southeasterly of, as measured at right angles to, the southwesterly .extension of the <br />northwesterly line of said Block 3; thence north 64 degrees, 18 minutes east on a line <br />parallel to the southwesterly extension of'the northwesterly line of said Block 3 a <br />distance of 57.52 feet; thence north 11 degrees 39 minutes 50 seconds west a distance <br />o l' [64.92 ['eet to a point on the southwesterly extension of the northwesterly tine of said <br /> Ramsey Meadows 5tt' Addition <br /> Development Agreement <br /> Page 1 of 10 <br /> <br /> <br />