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QUAD LOGIC DEVELOPMENT AGREEMENT <br /> CITY OF RAMSEY,ANOKA COUNTY,MINNESOTA <br /> This Agreement(hereinafter the "Agreement") is dated as of this of , 2024, <br /> and is by and between the City of Ramsey, a Minnesota municipal corporation(the "CITY")and Quad <br /> Logic Inc., a Business Corporation(Domestic)under the laws of Minnesota, (the"PERMITTEE"). <br /> Recitals <br /> A. The PERMITTEE operates their business on the property generally known as 14220 Basalt Street <br /> NW, Ramsey, MN 55303 and legally described as: <br /> Lot 5, Block 4 Gateway North Industrial Park Plat 2,Anoka County, Minnesota <br /> (the"Subject Property") <br /> B. The KBJ Investments LLC is the fee owner of the Subject Property. <br /> C. That on August 22, 2024,the PERMITTEE was granted a Variance to setbacks by the Ramsey <br /> Planning Commission to accommodate a proposed building addition; and <br /> D. That on August 27, 2024,the Ramsey City Council approved a partial easement vacation along <br /> the western boundary of the Subject Property to accommodate a proposed building addition; and <br /> E. The PERMITTEE intends to cause the Building Addition to the Subject Property to be <br /> constructed without financial participation by the CITY. <br /> Agreement <br /> SECTION I REQUIRED IMPROVEMENTS AND FINANCIAL RESPONSIBILITIES <br /> 1. City Code Compliance. The CITY approves the site plan (the "Site Plan") conditioned on the <br /> PERMITTEE developing the Subject Property in accordance with the applicable provisions of <br /> City Code. <br /> 2. Conformance with the Plans. The Subject Property shall be developed in accordance with the <br /> plans (the "Plans")prepared by Hakanson Anderson, dated July 12, 2024, and revised August 13, <br /> 2024. The Plans remain subject to: (a) City Staff s review and approval of the Plans to, among <br /> other things, confirm that the revisions requested in the CITY's review have been made; and (b) <br /> such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall <br /> not be attached to this Agreement,but are in the CITY's files. <br /> 3. Incorporation of All City Code Requirements. That the recitals above and the applicable <br /> provisions of the City Charter, Subdivision Code, Zoning Code and Public Improvement Code of <br /> the CITY, as amended to date hereof, are incorporated herein by reference. <br />