Agenda Packets - 1998/08/03 - Laserfiche WebLink

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DEVELOPERS AGREEMENT THIS AGREEMENT is made this day of , 1998 by and between the CITY OF MOUNDS VIEW, a Minnesota municipal corporation (the "City"), and ANTHONY PROPERTIES MANAGEMENT a Minnesota corporation, and LOUISE O"NEIL an individual, (collectively the "Developer"). Recitals A. The Developer is the fee owner of certain real estate located in Ramsey County, Minnesota, legally described as The Southwest 1/4 of the northwest 1/4 of Section 8,Township 30,Range 23, lying southwesterly of State Trunk Highway No. 10-62, according to the United States Government Survey thereof and situate in Ramsey County, Minnesota and all that part of the northwest 1/4 of the northwest 1/4 of Section 8,Township 30,Range 23, lying southwesterly of State Trunk Highway No. 10, according to the United States Government Survey thereof and situate in Ramsey County, Minnesota. (hereinafter referred to as the "Property"). B. The Developer shall construct on the Property improvements consistent with the approved site plans date-stamped May 11, 1998 and approved by the City Council on May 11, 1998, which involves the construction of a 2160 seat 15 screen movie theater,three(3) 11,000 square-foot office buildings, a 5000 square foot restaurant, and a 6400 square foot retail/restaurant building. C. The Developer has requested that the City approve the issuance of building permits ("Permit") for this project. D. As a prerequisite to the approval of the Permit, the City Council requires the Developer to agree to the construction of certain improvements pursuant to this Agreement for the orderly development of the Property. E. The Developer is required to construct and install at its sole expense certain street, grading, drainage, landscaping and other improvements as required by City ordinance (the "Improvements"). Agreement In consideration of each party's promises as set forth in this Agreement,it is mutually agreed as follows: 1