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KELLY ACRES <br /> DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br /> <br /> THIS AGREEMENT, made and entered into by and between the CITY OF RAMSEY, <br />a municipal corporation under the laws of the State of Minnesota (the "CITY") and John <br />Osborne and Kelly Wolf ("DEVELOPERS"). <br /> <br /> WITNESSETH: <br /> <br /> WHEREAS, the DEVELOPERS are the fee owners:~' the f611~ng described properoy <br />situated in the CITY OE m~MSEY, Counb' of~noka, ~ &Mi=es~.~ legally described <br />as fonows: ~4;~ . <br /> Lots 1 and 2, Block 1, Anoka Coun~z~?,~5.3~]rmesota. <br /> <br /> ("Subject Property"); and <br /> <br /> WHEREAS, on June 27, <br />approved the final plat of the Subject <br />"Plat"), which approval is contingent on c <br />CITY entering into this Agreement; and <br /> <br />tO <br /> <br />No.06-06:XX, the CITY has <br /> as KELLY ACRES (the <br /> the DEVELOPER and <br /> <br /> WHEREAS, the <br />Kelly Acres; and <br /> <br />: Property nforms to the preliminary plat for <br /> <br />WHEREAS, the <br /> <br />be constructed within the Plat, <br /> in City Code; and <br /> <br />to cause its required improvements in the Plat <br />' the CITY; and <br /> <br />of CITY funds will be made until the City Code escrow <br />the DEVELOPER; and <br /> <br /> WHEREAS, Section 9.50.50 and 9.20.11 defines "Stage I" Improvements and <br />"Stage which respective definitions are used herein when reference is made to <br />"Stage I" and "Stage II" Improvements. <br /> <br />NOW, THEREFORE, the CITY and DEVELOPER agree as follows: <br /> <br />-310-- <br /> <br />Kelly Acres <br />Development Agreement <br />Page I of 12 <br /> <br /> <br />