Agenda Packets - 2011/03/28 - Laserfiche WebLink

Home Browse Search

2 DEVELOPMENT AGREEMENT THIS AGREEMENT is made this ________ day of ___________________, 2011, by and between the CITY OF MOUNDS VIEW, a Minnesota municipal corporation (the “City”), and COVENTRY SENIOR LIVING OF MOUNDS VIEW, L.L.C., a Minnesota Limited Liability Company, (the “Developer”). Recitals A. The Developer is the fee owner of certain real estate located in Ramsey County, Minnesota, legally described as That part of Lot 2, Block 5, EIGENHEER SECOND ADDITION lying southeasterly of the following described line: Commencing at the northwest corner of said Lot 2; thence East along the northerly line of said Lot 2 a distance of 92.00 feet to an iron; thence southeasterly, along the northeasterly line of said Lot 2, a distance of 140.00 feet to the point of beginning of the line to be herein described; thence southwesterly at a right angle to said northeasterly line a distance of 196.52 feet, more or less, to the southwesterly line of said Lot 2 and there terminating, except that part platted in EIGENHEER THIRD ADDITION, according to the recorded lat thereof, and situate in Ramsey County, Minnesota (PIN 08-30-23-31-0070) And, That part of Lot 2, Block 5, EIGENHEER SECOND ADDITION lying northwesterly of the following described line: Commencing at the northwest corner of said Lot 2; thence East along the northerly line of said Lot 2 a distance of 92.00 feet to an iron; thence southeasterly, along the northeasterly line of said Lot 2, a distance of 140.00 feet to the point of beginning of the line to be herein described; thence southwesterly at a right angle to said northeasterly line a distance of 196.52 feet, more or less, to the southwesterly line of said Lot 2 and there terminating according to the recorded plat thereof, and situate in Ramsey County, Minnesota (PIN 08-30-23-31-0069) And, Lot 1, Block 1, EIGENHEER THIRD ADDITION, according to the recorded plat thereof, and situate in Ramsey County, Minnesota (PIN 08-30-23-31-0061) (hereinafter referred to as the “Property”). B. The Developer shall construct on the Property improvements consistent with the final site plans date-stamped August 4, 2010 and approved by the City Council on August 9, 2010. C. The Developer has requested that the City approve a major subdivision for the property.