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CCI HOLDINGS 3, LLC <br />DEVELOPMENT AGREEMENT <br />14310 SUNFISH LAKE BOULEVARD NW <br />CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA <br />This Agreement (hereinafter the "Agreement") is dated as of this 12`' day of August, 2025, and is <br />by and between the City of Ramsey, a Minnesota municipal corporation (the "CITY") and CCI <br />HOLDINGS 3, LLC, a limited liability company under the laws of Minnesota, (the "PERMITTEE"). <br />Recitals <br />A. The PERMITTEE is the fee title owner of land generally known as 14047 Azurite Street <br />Northwest, Ramsey, MN 55303 and legally described as: <br />The South 250 feet of the North 750 feet of the East 871 feet as measured along the East and North <br />lines of the North half of the Southeast quarter of Section 27, Township 32, Range 25, except road, <br />subject to easement of record, Anoka County, Minnesota. <br />(the "Subject Property") <br />B. That on April 28, 2025, the CITY received a Building Permit Application from Josh Clark on <br />behalf of CCI Holdings 3, LLC (the "PERMITTEE") requesting an Administrative Site Plan <br />proposal to demise a legal non -conforming industrial building for warehousing uses on the Subject <br />Property, and associated site improvements (cumulatively, the "Project"). <br />C. That the PERMITTEE intends to bring various non -conforming site improvements into <br />compliance with the Project. <br />D. The PERMITTEE intends to cause the Required Improvements to the Subject Property to be <br />constructed without financial participation by the CITY. <br />Agreement <br />SECTION 1 <br />REQUIRED IMPROVEMENTS AND FINANCIAL RESPONSIBILITIES <br />CCI Holdings 3, LLC <br />Development Agreement <br />Page 1 of 7 <br />