Agenda - Council - 08/10/2021 - Laserfiche WebLink

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CITY OF RAMSEY ANOKA COUNTY, MINNESOTA DEVELOPMENT AGREEMENT - AEC Energy Park THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, a municipal corporation cif the State of Minnesota (the "CITY"), and AN O KA ELECTRIC COOPERATIVE, INC., -a Minnesota Corporation, whose address is 2202 North Ferry Street, Anoka, Minnesota 55303 ("the DEVELOPER"). 1196279 WITNESSETH: 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: Lot 1, Block 1; Lot 1, Block 2; Lots 1, 2, 3, 4, 5, Block 3; Lot 1, Block 4; Outlots A, B C and D; AEC Energy Park, Anoka County, Minnesota, the "Subject Propert P'; and WHEREAS, on August 22, 1995, pursuant to Resolution #95-08-176, the CITY approved the final plat of the Subject Property which plat is known as AEC ENERGY PARK (the "Plat") contingent on certain requirements, including DEVELOPER and CITY entering into this contract; and WHEREAS, the Plat consists of eight (8) lots, four (4) outlots, and one (1) park lot totalling approximately one -hundred thirty-eight (138) acres; and WHEREAS, approval of the Final Plat is given pursuant to the City'_s Subdivision Code Section 9.50.05 (Subd. 2) entitled "Division or Consolidation of Unplatted Lots". WHEREAS, no expenditure of CITY funds will be made until City Code escrow requirements have been fulfilled by the DEVELOPER. NOW, THEREFORE, the CITY and DEVELOPER agree as follows: I. IMPROVEMENTS 1. Access to Lots. The Plat shall have access onto C.S.A.H. #56, C.S.A.H. #116, and Sunwood Drive N.W. 2. Extension of 143rd Avenue N.W. and Jasper Street N.W. The DEVELOPER shall provide a thirty-five foot wide outlet along the southern boundary of Block 2 for the -possible future extension of 143rd Avenue N.W. and a 60 foot wide outlot between Lot 1, Block 3 and Lot 1, Block 4 for the possible future connection of Jasper Street NM. -with Sunwood Drive. Upon the CITY'S request, the fee title owner of the subject outlots shall deed the outlots to the CITY, at no expense to the CITY. 3. Drainage and Utility Easements. Drainage and utility easements shall be dedicated to the CITY as shown on the Final Plat. By a separate recordable document, Outlot B shall be deeded to the City for drainage purposes and for public utilities. The documents for hall be provided to the City conveyance of the property sYrior to release of the Plat for P recording at Anoka County.