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CITY OF RAMSEY
<br />AMENDED AND RESTATED DEVELOPMENT CONTRACT (PARTIAL RELEASE)
<br />FOR ALPHA DEVELOPMENT
<br />This Amended and Restated Development Contract (Partial Release) for Alpha
<br />Development (this "Agreement") is dated this 13 day of December, 2016, and is by and
<br />between the CITY OF RAMSEY, a Minnesota municipal corporation (the ‘!CITY"), and
<br />Hageman Holdings, LLC ("PERMITTEE"), a Minnesota limited liability company having an
<br />address for purposes of this Contract of 13200 43rd St. NE, St. Michael, MN 55376.
<br />WHEREAS, PERMITTEE is the owner of fee title to land situated within the city
<br />limits of the City, Anoka County, Minnesota, legally described as follows (the "Property") :
<br />Lot 1, Block 1, and Outlots A, B, and D, ALPHA DEVELOPMENT, according to the
<br />recorded plat thereof.
<br />WHEREAS, the CITY and the PERMITTEE are party to a Development Contract,
<br />dated May 20, 2011, recorded in the office of the County Recorder in and for Anoka County,
<br />Minnesota on May 23, 2011 as Document No. 2022343.005 (the "Original Development
<br />Contract"), which the City required as a condition to its approval of the plat of ALPHA
<br />DEVELOPMENT, Anoka County, Minnesota (the "Plat").
<br />WHEREAS, pursuant to the Original Development Contract and as a further condition to
<br />the City's approval of the Plat, the CITY and PERMITTEE are party to an Assessment
<br />Agreement, dated May 20, 2011, recorded in the office of said County Recorder on May 23,
<br />2011 as Document No. 2022343.00E (the "Assessment Agreement"), and a Stornn Water
<br />Treatment and Ponding Maintenance Agreement, dated May 20, 2011, recorded in the office of
<br />said County Recorder on May 23, 2011 as Document No. 2022343.008 (the "Maintenance
<br />Agreement").
<br />WHEREAS, pursuant to the Original Development Contract, the CITY required certain
<br />public improvements be completed with respect to certain of the Property, more particularly
<br />described in the Original Development Contract and defined as the "Stage I City Improvements"
<br />and the "Stage I Permittee Improvements" in the Original Development Contract, all of which
<br />have been completed.
<br />WHEREAS, the PERMITTEE proposed the construction of various private
<br />improvements on the Property (the `Private Improvements") that have not been completed, but
<br />were contemplated by the Original Development Contract.
<br />NOW, THEREFORE, the CITY and PERMITTEE agree as follows:
<br />1, Recitals Incorporated. The factual recitals stated above are hereby inc orp orated into and
<br />made a part of this Agreement.
<br />ALPHA DEVELOPMENT
<br />Amended Development Contract
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<br />3351371v9
<br />Cornmerclal Trli:le, :26
<br />200 youth S x h Stree '
<br />Minneapolis MN 5r, .2
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