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Record ID 4233593 <br />2238183 N 002 <br />11 rx v, r w <br />1 <br />CITY OF RAMSEY <br />DEVELOPMENT AGREEMENT FOR RAMSEY STORAGE CENTER <br />This Agreement (hereinafter the "Agreement") is dated as of this LIAday ofXladr-2019 <br />and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the `CITY") and <br />Ramsey Storage Center, LL, a Limited Liability Corporation under the laws of Minnesota (the <br />"PERINUTTE E"). <br />Recitals <br />A. The PER1ViITTEE is the owner of land legally described on the attached Exhibit <br />A (the `Subject Property"). <br />B. The PERIITTEE has received approval from the CITY to subdivide the <br />Subject Property and plat the same as Ramsey Storage Center (the "Plat'). <br />Agreement <br />l . Recitals. Recitals incorporated. The recitals stated above are hereby incorporated into this <br />Agreement and are made part of this Agreement by reference. <br />2. Conditions of. Approval. The CITY has approved the Plat subject to satisfaction of the <br />following conditions subsequent: <br />a. The PERIVIITTEE'S Execution of this Agreement. That the PER I'TTEE enter <br />into this Agreement. <br />b. Marketable Title. That prior to recording the .Plat, the PER I.TTEE shall provide <br />the CITY with proof of marketable title to the Subject Property either through a i <br />currently certified abstract, registered property abstract or title insurance <br />commitment or policy. <br />1 <br />