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(Reserved for Recording Data) <br />STORMWATER TREATMENT AND PONDING MAINTENANCE AGREEMENT <br />THIS STORMWATER TREATMENT AND PONDING MAINTENANCE <br />AGREEMENT (this "Agreement") is made this day of , 2025, by and between the <br />City of Ramsey, a Minnesota municipal corporation (hereinafter referred to as the "City") and <br />Pearson Investments, LLC, a Minnesota Limited Liability Company (hereinafter referred to as <br />the "Developer"). <br />WHEREAS, the Developer is the fee owner of certain real property situated in the City of <br />Ramsey, County of Anoka, State of Minnesota, legally described as Lots 2-6 (inclusive), Block 5 <br />Alpaca Estates (the "Property"); and <br />WHEREAS, the Developer is expanding the existing parking lot to near the western boundary <br />of the Property, which will require additional capacity for onsite stormwater management. The City <br />has required that provisions are made for the construction, maintenance and repair of a storm water <br />management system that utilizes (among other things) a lined ponding facility, sump manholes, and <br />storm sewer pipes ("Storm Water Management Practices") located within the Property, as shown <br />on Exhibit "A" attached hereto and as the same are described and depicted in those certain construction <br />plans drawn by Bogart, Pederson & Associates, Inc., dated February 11, 2025 and revised <br />XXXXXXXX (the "Plans"); and <br />WHEREAS, the Storm Water Management Practices are sufficient to serve the <br />Property; and <br />WHEREAS, the City approved the Plans conditioned on the requirement that the <br />Developer enter into an agreement for the maintenance of the Storm Water Management <br />Practices within the Property; and <br />WHEREAS, the City and Developer desire to set forth their understanding with respect to the <br />construction, repair and maintenance of the Storm Water Management Practices and the <br />responsibility relating to the costs of the repair and maintenance of the Storm Water Management <br />Practices; and <br />NOW THEREFORE, in consideration of the foregoing facts and circumstances, and for other <br />good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the <br />parties hereto agree as follows: <br />Page 1 of 6 <br />