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DEAL INDUSTRIAL PARK <br />DEVELOPMENT AGREEMENT <br />CITY OF' RAMSEY <br />ANOKA COUNTY, MINNESOTA <br />/ <br />i9. I <br />111111111111111111111111111111111111111111 <br />Record 1D 1254602 <br />THIS AGREEMENT, made and entered into by and between the CITY OF <br />RAMSEY, a municipal corporation of the State of Minnesota (the "CITY"), and JAMES D. <br />DEAL and PAMELA S. DEAL, husband and wife, whose address is 16191 Makah Street <br />N.W., Andover, MN 55304, (the "DEVELOPERS"). <br />WITNESSETII: <br />WHEREAS, the DEVELOPERS are the fee owners of the following described property <br />situated in the CITY OF RAMSEY, County of Anoka, State of Minnesota, and legally described <br />as follows: <br />Lots 1, 2, 3 and Outlot A, Block 1; DEAL INDUSTRIAL PARK, Anoka County, <br />Minnesota <br />("Subject Property"); and <br />WHEREAS, on May 23, 1995, pursuant to Resolution No. 95-05-108, the CITY has <br />approved the final plat of the Subject Property which plat is known as DEAL INDUSTRIAL <br />PARK (the "Plat"), which approval is contingent on certain requirements, including <br />DEVELOPERS and CITY entering into this Agreement; and <br />WIIEREAS, the DEVELOPERS have requested the extension of sewer and water to <br />the Subject Property; and <br />WHEREAS, a trunk usage charge is required by the CITY for usage of its Trunk Sewer <br />and Water System, which charge is $8468 per commercial acre and shall apply to Lots 1, 2 and 3 <br />with Outlot A being charged at the rate in effect at the time it is platted; and <br />WHEREAS, the DEVELOPERS have requested that the CITY construct the following <br />improvements in the Plat, to -wit: Sanitary sewer and watermains and appurtenances, which <br />improvements are termed Stage I Improvements in the City Code ("Stage I Improvements"); and <br />WHEREAS, pursuant to said request, the CITY ordered the preparation of a feasibility <br />report prepared by its City Engineer relating to the proposed Stage I Improvements; and <br />WHEREAS, no expenditure of CITY funds, including the ordering of plans and <br />specifications, will be made until the City Code escrow requirements have been completed by <br />DEVELOPER; and <br />