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TAKE 5 OIL CHANGE <br />DEVELOPMENT AGREEMENT <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br />This Agreement (hereinafter the "Agreement") is dated as of this 12th day of August, 2024, and is <br />by and between the City of Ramsey, a Minnesota municipal corporation (the "CITY") and GARAGE RE <br />LLC, a limited liability corporation under the laws of Minnesota, (the "PERMITTEE"). <br />Recitals <br />A. The PERMITTEE is the fee title owner of land generally known as 7990 Sunwood Drive <br />Northwest, Ramsey, MN 55303 and legally described as: <br />Lot 1, Block 1, GH Ramsey, Anoka County, Minnesota. <br />(the "Subject Property") <br />B. That on February 26, 2024, the City Council adopted Resolution #24-061, approving a Purchase <br />Agreement and Right of Re -Entry Agreement for the Subject Property, and that the City Council <br />staff report documented a $125,000 discount from the purchase price for the Subject Property, to <br />be used for constructing an off -site parking lot. <br />C. That on February 27, 2024, the Purchase Agreement and Right of Re -Entry Agreement were signed <br />and executed. <br />D. That on May 13, 2024, the CITY received a Land Use Application from DSGW Architects (the <br />"Applicant"), on behalf of the PERMITTEE, requesting a Site Plan Review and Final Plat, as <br />part of a proposal to construct a commercial building to operate on the Subject Property, and <br />associated site improvements (cumulatively, the "New Building"). <br />E. That on July 9, 2024, the City Council approved the Conditional Use Permit and Site Plan, and <br />approved vacating part of a drainage and utility easement, for the proposed New Building. <br />F. That on August 12, 2024, the City Council approved the Final Plat for the proposed New Building. <br />Take 5 Oil Change <br />Development Agreement <br />Page 1 of 8 <br />