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SETTLEMENT AGREEMENT FOR ACQUISITION OF PROPERTY <br />ANOKA COUNTY HWY 10 INTERCHANGE AT CSAH 57 (SUNFISH LAKE BLVD.) <br />PROJECT NOS. SP 002-656-001 and 002-657-003 <br />(RALF PARCELS 7, 60, 62, 65, 68, 69) <br />This agreement is made and entered into this day of 2023 by and <br />between the County of Anoka, a political subdivision of the State of Minnesota ("County") and <br />the City of Ramsey ("Owner") with property located along Highway 10 NW, Ramsey, Minnesota, <br />as described below. <br />WITNESSETH: <br />WHEREAS, the Anoka County Highway Department proposes to construct new grade <br />separated interchanges at CSAH 56 (Ramsey Blvd.) and CSAH 57 (Sunfish Lake Blvd.) and U.S. <br />Highway 10/169, and grade -separated crossings at CSAH 56/57 and BNSF railway in the city of <br />Ramsey, as part of Anoka County Highway Project Nos. 002-656-001 and 002-657-003 <br />(collectively "Highway Project"); and <br />WHEREAS, Owner is the fee owner of property located along Highway 10 NW, Ramsey, <br />Anoka County, Minnesota, and which parcels are identified as Parcels 7, 60, 62, 65, 68, and 69 in <br />the Highway Project, identified for tax purposes as PIN Nos. 28-32-25-43-0002 (Parcel 7), 35-32- <br />25-23-0006 (Parcel 60), 35-32-25-31-0007 (Parcel 62), 35-32-25-31-0024 (Parcel 65), 35-32-25- <br />31-0027 (Parcel 68), and 35-32-25-31-0028 (Parcel 69) (collectively "RALF Parcels"); and <br />WHEREAS, the city RALF Parcels consist of unimproved land that was acquired for future <br />highway purposes and are encumbered by loans from the Right-of-way Acquisition Loan Fund <br />(RALF) issued by the Metropolitan Council; and <br />WHEREAS, the County needs to acquire a portion of the RALF Parcels, legally described <br />in the attached Exhibit A, in order to construct the Highway Project; and <br />WHEREAS, the County and Owner, in consultation with the Metropolitan Council real <br />estate department, have reached an agreement to fully and finally settle all amounts owed for the <br />purchase of real estate and for any and all actual or potential claims for damages from acquisition <br />of the RALF Parcels relating to the construction of the Highway Project. <br />1 <br />