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.~G__E II IMPROVEMENTS. The Developer shall be required to complete Stage II <br />Improvements (sealcoating) as provided in Section 170.03 of the City Code. In <br />~ddition, the Developer shall make advance payment to the City for these <br />improvements. This advance payment shall be in the form of a cash deposit in the <br />m~nount of Two Thousand Seven Hundred Dollars ($2,700.00). The City shall <br />mt~-~in the interest. This advance payment shall be provided to the City at the <br />tim~, prior to the recording of the plat. <br /> <br />j~_]J.[LL~G PERMITS. The Developer agrees that in compliance with the City Code, <br />m~ building permits for any lot in the plat shall be issued until the financial <br />du~rantees as described above have been provided and that all grading and class <br />',.'ive gravel has been placed on the roads. <br /> <br />~..'~F~L..OPMENT AGREEMENT. The Developer agrees to enter into a Development <br />Agr3ement with the City of Ramsey. <br /> <br />The motion for tho adoption of lhe foregoing resolution was duly seconded by Councilmember <br />Cich and Hpon vote being taken thereof, the following voted in favor thereof: <br /> <br />ME~yo~ P, oi~lann <br />Counc;ilmember Peterson <br />Cour~(;ilrnember Cich <br />Cour~cihnember Pearson <br /> <br />and the following v,'.)ted against the same' <br /> <br />and the followi~¥~. ~.bstained: <br /> <br />and the foilowin9 were absent: <br /> <br />Cour~¢:iir~lomber DeLuca <br /> <br />whereupor~ said r¢~;;olution was declared duly passed and adopted by the Ramsey City Council this <br />the 27th day ol ,.hme, 1989. <br /> <br /> Mayor ~ ' - ' <br /> <br /> <br />