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MARIGOLD POND <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> Tlt!S AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a <br />municipal corporation under the laws of the State of Minnesota (the "CITY"), and OAKWOOD <br />LAND DEVELOPMENT, INC., a Minnesota corporation, whose address is 1611 Highway 10 NE, <br />Spring Lake Park, MN 55432 ("DEVELOPER"). <br /> <br />WITNESSETH: <br /> <br /> WIIEREAS, the DEVELOPER is the fee owner of the following described property situated <br />in the CJI '¥ OF RAMSEY, County of Anoka, State of Minnesota, and legally described as follows: <br /> <br />That part of the Southeast Quarter of the Northeast Quarter of Section 14, Township 32, <br />Range 25, Anoka County, Minnesota, lying northeasterly of the centerline of trunk <br />Highway No. 47, except the following: Beginning at the southwest comer of Lot 1, Block <br />4, Barthel's Rum River Acres 2nd Addition; thence south 89 degrees 57 minutes 34 <br />seconds east along the south line of said plat 299.25 feet; thence south 00 degrees 19 <br />minutes 00 seconds west 178.16 feet; thence south 81 degrees 19 minutes 00 seconds west <br />504.98 feet; thence north 00 degrees 19 minutes 00 seconds east to the north line of said <br />Quarter Quarter; thence east along said north line to the point of beginning and there <br />terminating. <br /> <br />And <br /> <br />That part of the Southwest Quarter of the Northeast Quarter of Section 14, Township 32, <br />Range 25, Anoka County, Minnesota, lying northeasterly of the center line of State Trunk <br />tlighway No. 47, excepting therefrom that part of the Northeast Quarter of Section 14, <br />Township 32, Range 25, Anoka County, Minnesota, described as follows: Commencing <br />at thc intersection of the north line of said Section 14 with the centerline of State Trunk <br />I [igbway No. 47 as the same is now laid out and traveled, said point being 762.3 feet east <br />fi'om the North Quarter corner of said Section 14; thence south 3 degrees 05 minutes east <br />along the centerline of said highway a distance of 540.55 feet; thence south 7[ degree 52 <br />m inures east continuing along said centerline a distance of 602.85 feet; thence continuing <br /> Marigold Pond Subdivision <br /> Development Agreement <br /> Page 1 of 12 <br /> <br /> <br />