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HomeMy WebLinkAbout2639RESOLUTION NO. 2007 -01 4 9Z A RESOLUTION APPROVING TERMINATION OF DEVELOPER'S AGREEMENT /o AND H` I H p RELEASES OF EASEMENTS FOR 5000 FRANCE COMPANY City of Edina WHEREAS, the Ho sing and Redevelopment Authority of Edina, Minnesota (the "HRA ") entered into that certain De _.op Agreement dated September 20, 2005, recorded September 23, 2005, as Document No. 8659950 in the office of the County Recorder in and for Hennepin County, Minnesota (the "Developer's Agreement ") by and among the City of Edina (the "City "), the HRA, and 5000 France Company (the "Company") with respect to the property (the "Property") to be developed by the Company at the southwest corner of 50th and France in Edina, which Property is more specifically described in the Developer's greement; WHEREAS, in connE ction with the aforementioned development of the Property, the City and the HRA conveyed certain pr perty to the Company by virtue of quit claim deeds (the "Deeds ") and also reserved certain easements i i favor of the City and the HRA in the Deeds; WHEREAS, the Com any has substantially completed its development of the Property and has requested that the City and toe HRA terminate the Developer's Agreement and release the easements reserved in the Deeds; and WHEREAS, the HR has heretofore executed and delivered that certain Termination of Developer's Agreement an that certain Release of Easements in the forms attached hereto in exchange for performance by the Company of certain obligations. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the HRA, that the Chair and the Secretary of the HRA are authorized, for and on behalf and in the name of the HRA to execute and deliver the Termination of Developers Agreement and the Release of Easements attached hereto; FURTHER RESOLVED, that the Chair and the Secretary are hereby authorized, for and on behalf and in the name of the HRA to d , perform and carry out any and all further acts which they shall determine to be necessary, appropriate or desirable in order to carry out the intent and purposes of the foregoing resolution; and FURTHER RESOLVED, that any and all actions heretofore taken or caused to be taken by the Chair and the Secretary consistent With the tenor and purpose of the foregoing resolutions are hereby ratified, confirmed and approved in all respects. PASSED AND ADOPTED THIS 2ND DAY OF OCTOBER, 2007. Attest Linda M. Masica, STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) I, the undersigned duly e and Redevelopment Authority of copy of the Resolution adopted I recorded in the Minutes of said re Witness my hand and seal of said City Hall 4801 WEST 50TH STREET EDINA, MINNESOTA, 55424 -1394 James B. Hovland, Chair ) ss. CERTIFICATE OF EXECUTIVE DIRECTOR ointed and acting Executive Director of the Board of Commissioners for the Housing ina, Minnesota, do hereby certify that the forgoing Resolution is a true and correct said Board of Commissioners at its regular meeting of October _, 2007 and as ar meeting. this _ day of www.cityofedina.com Gordon Hughes, Executive Director 952 - 927 -8861 FAX 952 - 826 -0390 TTY 952 - 826 -0379 RESOLUTION NO. 2007 -01 Page 2 4 TER4RNATION OF DEVELOPER'S AGREEMENT 11 ITS TERMINATION OF DEVELOPER'S AGREEMENT is trade and entered into this -fay of September, 2007, by artd between the City of Edina, a munir:ipal oorporation organized utrder the laws of the State of Minnesota (the "City" k and Housing and Redeveloprnent AuthAxity of Edina, Minnesota, a body politic and co"rata under the laws of the State of Minnesota (the "HRA "), and -SODD Fmce Company, a Minnesota corporation (the. "Dcvclopee). WrrNFSSEIII THAT: WHEREAS, the parties hereto executed a Developer's Agreement dated September 2.0, 2005, which Dcveloper's Agreement was r000rded in the office of the County Recorder in and for Hennepin County, Minnesota, as Document No. 9659,950 on September 23, 2005 (thc "Develuper's Agrecmarr); and VUWRLAS, the parties hereto desire a-t terminate the terms and conditions of the UeveloM's Agreement; NOW, THEREFORE, in consideration of the premises and the covenants and agreements hereinafter contained, it is hereby agreed as follows: 1. The Drvcloper's Agreement is hereby buminated and of no further force and effect. IN W TNESS WHEREOF, the parties Hereto have executed this Termination of Mveiaper's Agrmnern as of the date first above written. CITY OF E A a municipal corporation organized t laws of the State of By:. G rdon L, Ht es 'ity Manager RESOLUTION NO. 2 Page 3 STATE OF COUNTY OF The foregoing 2007, by James B. Tio Edina, a municipal co the vorporation. STATE: OF COUNTY OF 1-01 HOUSTW3 AND REDEVELOPMENT AUTHORITY OF EDI NA, MJNNESOTA, a body polilic a cl CoF under the laws of the State or. I James B. Roviand, Chair Byzu enju. luf A4 LLnda MelMasic'e. §ecre6ry- 5000 FRANCF CO, t By. - Its PresidcnY A= acknowledged before me Lbis aj day of September, the Mayor, and CmTdon L. Hugbft, ft City ManaM of the City of in vrgwLzed tinder the ism of the State of Nfinticsom on behalf of JANE M. TIMM .PANE FMTIMI.1 Na I'tabHc '2 ft )T The foregoing tmrnent %vm acknowledged before me this day of September, 2007, by James B. Hoe It, the Chair, mid Linda N.I. Masica, the Secretary of Housing and 'State Authority of Fdina, Minnesota, a body politic 4LTW corporate under the laws or the State of Minnesota, an behalf of the, politicai and corpmte body. JANE m. -nmm UWA MirPLAft-Minno ota 'Ptiblic RESOLUTION NO. 2007-01 Page 4 STATE OF MMESOTA COUNTY OF HENINEIRIN The fomiping inmment was w*nowlcdgcd before me this ZL day of September. 2007, by Gene Haugiand, the Presideffl of SOW Franck CouWany, a Minnesota corporation, on behdf of the corporadon. Notary IN 161c THIS D4$'FRUMEKT PREPARED BY, GRAY, PLANT. MOOTY. M(XJTY &BM--46T7,P.A-(JLT) SODIDS C�zwi-7. 80 SUM Et dMi STREET MINNEAPOLIS, MN 55461 Opz" 19 V3 GHWYL K VOUNE kAwwy Puma wwmewa Mv @C-Y&Alftm 9960 4r= 31, 2me RESOLUTION NO. 200 Page 5 DRAFTED BY AND UPON RECORDING RETURN GRAY, PLANT, MOOTY, MO & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SovrH EIGHTH STREET MINNEAPOLIS, MN 55402 FOR VALU interest of the under: September 20, 2005, 8659951. Nothing h document. STATE OF MINNESOTr COUNTY OF -01 RELEASE OF EASEMENTS Date: September , 2007 E CONSIDERATION, the undersigned hereby releases all right, title and J in and to the easement or easements reserved in that certain Deed dated for record in the office of the Hennepin County Recorder as Document No. shall release easements granted to the undersigned under any other recorded ) ss HOUSING AND EVELOPMENT AUTHORITY OF EDINA, TA, a body politic and corporate under the Ia i to of Minnesota James''f3. Hovla d, Chair Linda MA49sica, Se6e The foregoing instrument was acknowledged before me this( day of September, 2007, by James B. Hovland, the hair, and Linda M. Masica, the Secretary of Housing and Redevelopment Authority of Edina, Minn sota, a body politic and corporate under the laws of th State of Minnesota, on behalf of the politiorate body. M. TIMM Nota ublic otary PubliaMir>1esota GP:2259712 v 1 omrnW ° �'" `a" 31.2DD10 RESOLUTION NO. 2007 -108 A, RESOLUTION APPROVING TER (NATION OF DEVELOPER'S AGREEMENT AND RELEASES OF EASEMENTS FOR o j 5000 FRANCE COMPANY City Of Edina WHEREAS, the City Of Edina (the "City ") entered into that certain Developer's Agreement dated September 20, 2005, recorded September 23, 2005, as Document No. 8659950 in the office of the County Recorder in and or Hennepin County, Minnesota (the "Developer's Agreement ") by and among the City, the Housin and Redevelopment Authority of Edina, Minnesota (the "HRA "), and 5000 France Company (the " ompany ") with respect to the property (the "Property ") to be developed by the Company at the so hwest corner of 50th and France in Edina, which Property is more specifically described in the eveloper's Agreement; WHEREAS, in conne tion with the aforementioned development of the Property, the City and the HRA conveyed certain property to the Company by virtue of quit claim deeds (the "Deeds ") and also reserved certain easements in favor of the City and the HRA in the Deeds; WHEREAS, the Company has substantially completed its development of the Property and has requested that the City and the HRA terminate the Developer's Agreement and release the easements reserved in the D eds; and WHEREAS, the Cit has heretofore executed and delivered that certain Termination of Developer's Agreement an that certain Release of Easements in the forms attached hereto in exchange for performance b the Company of certain obligations. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Edina, Hennepin County, Minnesota, that the Mayor and City Manager of the City are authorized, for and on behalf and in the name of the City to execute and deliver the Termination of Developer's Agreement and the Release of Easements attached hereto; FURTHER RESOLVED, that the Mayor and City Manager are hereby authorized, for and on behalf and in the name of the Cit to do, perform and carry out any and all further acts which they shall determine to be necessary, appropriate or desirable in order to carry out the intent and purposes of the foregoing resolution; and FURTHER RESOLVED, that any and all actions heretofore taken or caused to be taken by the Mayor and the City Manager consistent with the tenor and purpose of the foregoing resolutions are hereby ratified, confirmed and appr ved in all respects. PASSED AND ADOPTED THIS 2 "d DAY OF OCTOBER, 2007. Debra A. Mange, City Clerk City Hall 4801 WEST 50TH STREET EDINA, MINNESOTA, 55424 -1394 www.cityofedina.com James B. Hovland, Mayor 952 - 927 -8861 FAX 952 - 826 -0390 TTY 952 - 826 -0379 Resolution No. 2007 -108 Page. Two STATE OF MINNESOTA ) ss. CERTIFICATE OF CITY CLERK COUNTY OF HENNEPIN I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify that the forgoing Resolution is a true and correct copy of the Resolution adopted by the Edina City Council at its regular meeting of October , 2007 and as recorded in the Minutes of said regular meeting. Witness my hand and seal of said City this _ day of Debra A. Mangen, City Clerk Resolution No. 2007-1 Page 3 TION OF DEVELOPER'S ACREEMENT THIS TFKMINATIbN OF DEVELOPER'S AGREEMENT is made and en red into this day Of September, 2 and between the City of Edina, .a municipal corpongi*n organized under The laws of the State t'7�4t inn= (the "0W), and Housing and Red0VeJ0Pmvnt Authodo, of Edina, Miniveswk a bi litic corporate under the laws of the State of Minnesota . (the "HRA")t and SODDFrance �L-P-IPAIIY,a Minnesota oarporation (the. "Dovcloperl). ''I7WPSSET'H TH T: W"EREA S, the P 'es bcnIO eXeculW 8 IX-VelDper's Agrccrnent dated September 20, 2005, which Devolopctls Agre ent was recorded in the office of the County Rconrder in and for I fiermepin County, Minneso a, as Document No. 9,659950 on Seiptcmbor 23, 2005 (the "Developer's Agreement"); and INWFAEAS. the i= hereto desire to terminate the terms and conditions of the Develow's NOW. THEREFOR . in consideration of die promises and the covenants and agreements bereinaArr contained, it is h -reby kepood as follows: it, Tbt.Dun,110�e1"s Agrectriml is hereby terminated and of no funber rme and effect. IN WITNESS W Agreement as of the date EGF, the parties hereto have executed this Termination of I)cvejoper,s above Written, CITY' OFF ,JAa municipol corporation organized laws of the State of m1khager Resolution No. 2007 -108 Page 4 HOUSfNti AND REDEVELOPMENT AUTHORITY OF EiNNA, MINNESOTA, a body palitic and co under the laws of the State of ,Peones R. Hoviand, Chair By: L,Zads M.44 a ica. See 5000 FRANCE G'OMP By: AL i-I Its Pres STATE OF MINNFWTA ) COUNTY OF H>;NNEPIN } The foregoing inzrurnrot was acknowledged before me this al &3, of September, 2007, by James B. Hovland. the Mayor, and Gordon L. Hughes, the City ManaW of the City of Edirm, a municipal oorporation organkzad wider ft laws of the state of Minnesota, on behalf of tiro corporation. JAA1E 1- T1fAM w} �.bNi1M�101k � p STATE OF WNT,MTA ) )S5 COUNTY OF I1rWNLTjN ) '"�►� `�,, ► �. ►,,, IN Y "17te fotegoing instratmewn was acknowledged before me this a ( day of September. 2007, by James 13. Hovland, the Chair, and Linda M. Masica, the 1 ew -mOxy of Housing and )WcveiOpmcnt Authority of Edina Minnesota, a body politic and corporate under the laws of the State of Minnesota, on behalf of the political and sc bodv. Resolution No. 2007-1( Page 5 STATE OF MINWESOTA COUNTY OF HEMNEPIN The f(wegaing inmn 2007 by Cleve 11augland, the behalf of The cmTwadon, THIS INS T RUM EN T PREPARED ORAY, PLANT, MOOTY, M0QtV & BUhNT77, P.A. (R.r) 500 IDS CENTu 80 SouTm Exi mt STRu-7 SIMTAPOLIS, MN 53401 011'44"19V3 9S was acknowledgcd befbo me this � L day of SeMmber. kdera of 5000 France Company. a Mir nmia corporation, on NMW PMbW %*FWMM Rx;*"4= at, we EA: - - I Resolution No. 2007 -108 Page 6 DRAFTED BY AND UPON RECORDING RETURN TO: GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JL n 500 IDS CENTER 80 SOUTH EIGHTH STREET WNNEAPoL►s, MN 55402 RELEASE OF EASEMENTS Date; September 12007 FOR VALUABLE CONSIDERATION, the undersigned hereby releases all right, title and interest of the undersigned in and to the easement or easements reserved in that certain Deed dated September 20, 2005, filed for record in the office of the Hennepin County Recorder as Document No. 8659952. Nothing herein shall release easements granted to the undersigned under any other recorded document. CITY OF EDIN a municipal corporation organized ur4er laws of the State of By: STATE OF MINNESOTA ) )SS COUNTY OF HENNEPIN ) L: Huffs, City Manager The foregoing instrument was acknowledged before me this day of September, 2047, by James B. Hovland, the Mayor, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corporation organized under the taws of the State of Minnesota, on behalf of the corms ration. Notary JANE M. TIMM GP:2259713 t2 NoNyeaft My CamN�lon 6gtscdan a1, ffi10 00 RSEY JANE T. WILLETTE (612) 343 -8229 FAX (612) 340 -2644 willefte.jane@dorsey.com November 7, 2007 Gordon Hughes City Manager City of Edina 4801 W. 50th Street Edina, MN 55424 Re: 5000 France / ity of Edina Dear Gordon: Enclosed for your file �re copies of each of the following recorded documents: 1. Release of Easements executed by the Housing and Redevelopment Authority of the City of Edina, Minnesota; 2. Release of Ea ements executed by the City of Edina; 3. Termination of Developer's Agreement; 4. New Developer's Agreement (not recorded); 5. Driveway Easement Agreement; 6. Sidewalk Easement Agreement; 7. Electric Cable and Light Fixture Easement Agreement; 8. Underground Storm Sewer Easement Agreement; and 9. Ramp, Alley and Driveway Easement Agreement. If you have any questions, please call Michele Thurnblom at 612- 340 -8733 or me. Thanks. Sincerely, e T. Willette JTW /Ijb Enclosures cc: Michele Thurnblom DORS Y & WHITNEY LLP • WWW.DORSEY.COM • T 612.340.2600 • IF 612.340.2868 SUITE 1500 • 50 SOUTH SIXTH STREET • MINNEAPOLIS, MINNESOTA 55402 -1498 4839 - 6796 - 0834 \1 USA CANAC3A EUROPE ASIA *-W, 1, 111111111111111111111111111111111111111111111111 Doc No 4431298 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total �T DRAFTED BY AND UPON RECORDING RETURN TO: GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 FOR VALUABLE C( interest of the undersigned in : September 20, 2005, filed for 8659951. Nothing herein shal document. STATE OF MINNESOTA RELEASE OF EASEMENTS Date: September Z L, 2007 NSIDERATION, the undersigned hereby releases all right, title and id to the easement or easements reserved in that certain Deed dated -cord in the office of the Hennepin County Recorder as Document No. release easements granted to the undersigned under any other recorded HOUSING AND RE EVELOPMENT AUTHORITY OF EDINA, E TA, a body politic and corporate under the la if t e ate of Minnesota James`B. Hovla d, Chair By: Linda asica, Secreta )SS COUNTY OF HENNEPIN ) I The foregoing instruni,ent was acknowledged before me this day of September, 2007, by James B. Hovland, the Chait, and Linda M. Masica, the Secretary of Housing and Redevelopment Authority of Edina, Minnesota a body politic and corporate under the laws of thW State of Minnesota, on behalf of the political and corporate body. JANE M. T 'IM M Nota ublic o tart Public-Minnesota GP:22597 l2 v 1 1 MY ommission Expim Jan 31_ 2010 + IF6M 11111111111111111111111111111111111111111111111 Doc No 4431299 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 FOR VALUABLE C interest of the undersigned in September 20, 2005, filed for 8659952. Nothing herein sha document. RELEASE OF EASEMENTS Date: September ZI 2007 NSIDERATION, the undersigned hereby releases all right, title and and to the easement or easements reserved in that certain Deed dated record in the office of the Hennepin County Recorder as Document No. 11 release easements granted to the undersigned under any other recorded CITY OF EDINA, organized un t e Minnesota STATE OF MINNESOTA ) i ss COUNTY OF HENNEPIN ) L. municipal corporation aws of the State of City Manager The foregoing instruMent was acknowledged before me this day of September, 2007, by James B. Hovland, the Mayo, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corporation organized under he laws of the State of Minnesota, on behalf of the corporation. GP:2259713 Q JANE M. TIMM !Votary Public - Minnesota MY Gommission Expires Jan 31, 2010 Doc No 4431300 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total t ATION OF DEVELOPER'S AGREEMENT THIS TERMINATI N OF DEVELOPER'S AGREEMENT is made and entered into this ar day of September, 20 7, by and between the City of Edina, a municipal corporation organized under the laws of the State o Minnesota (the "City "), and Housing and Redevelopment Authority of Edina, Minnesota, a body olitic and corporate under the laws of the State of Minnesota (the "HRA "), and 5000 France C mpany, a Minnesota corporation (the "Developer "). WITNESSETH WHEREAS, the parties hereto executed a Developer's Agreement dated September 20, 2005, which Developer's Agreem nt was recorded in the office of the County Recorder in and for Hennepin County, Minnesot , as Document No. 8659950 on September 23, 2005 (the "Developer's Agreement "); and WHEREAS, the plrties hereto desire to terminate the terms and conditions of the Developer's Agreement; NOW, THEREFORE, in consideration of the remises and the covenants is and agreements hereinafter contained, it is he eby agreed as follows: 1. The Develop is Agreement is hereby terminated and of no further force and effect. IN WITNESS W Agreement as of the date :EOF, the parties hereto have executed this Termination of Developer's above written. CITY OF INA a municipal corporation organize e� laws of the State of Minne to 111 L. Hughes, (k Manager ;, It, STATE OF MINNESOT COUNTY OF The foregoing i 2007, by James B. Hov Edina, a municipal corl the corporation. ;—,-A"� STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing ins 2007, by James B. Hovl, Redevelopment Authority State of Minnesota, on beh HOUSING AND REDEVELOPMENT AUTHORITY OF EDINA, MINNESOTA, a body politic anq corporate under the laws of the State oflMinhesota - '`JamYs B. Hovland, Chair By: Lind . Masica, Secre ary 5000 FRANCE COMPANY By: Its resi ent ss nent was acknowledged before me this a] day of September, the Mayor, and Gordon L. Hughes, the City Manager of the City of )n organized under the laws of the State of Minnesota, on behalf of JANE M. TIMM Notary Public- Minnesota Commission EXPkW Jan 31, 2010 ) ss Went was acknowledged before me this day of September, , the Chair, and Linda M. Masica, the Secretary of Housing and Edina, Minnesota, a body politic and corporate under the laws of the of the political and cornnrnte hndAt JANE M. TIMM Notary Public-Minnesota commission Expires Jan W. 2010 % . STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing ins 2007, by Gene Haugland, behalf of the corporation, ss ent was acknowledged before me this -2—L day of September, President of 5000 France Company, a Minnesota corporation, on THIS INSTRUMENT PREPARED BY: GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 GP:2240819 v3 Notary Publ CHERYL K. MOUNE Notary Public Minnesota My Commission Expires January 31, 2010 !' t O� THIS DEVELOPI September, 2007, by and h laws of the State of Min Edina, Minnesota, a body "HRA), and 5000 France C WITNESSETH WHEREAS, the Termination of Develoi September 20, 2005, recc Minnesota, as Document agreements relating to Developer's Agreement NOW, THEREFO. hereinafter contained, it is 1. To the exte: Project on public right -of -i curbs, gutters, streets, story all responsibility for main provided, however, Deveh guarantee to City for a one constructed by Developer 1 specifications approved b) manner free from defects i when directed by the Citi materials that become defer though notice thereof be gi, the Developer to perform i City Engineer to be accef successful experience and a DEVELOPER'S AGREEMENT 'S AGREEMENT is made and entered into this a) sIVday of ween the City of Edina, a municipal corporation organized under the ;sota (the "City "), and Housing and Redevelopment Authority of olitic and corporate under the laws of the State of Minnesota (the mpany, a Minnesota corporation (the "Developer "). T: arties hereto, in consideration of the parties' execution of a "s Agreement in respect to the Developer's Agreement dated ed in the office of the County Recorder in and for Hennepin County, o. 8659950 on September 23, 2005, desire to evidence their further id Developer's Agreement and the Project as defined in said - "Project "); , in consideration of the premises and the covenants and agreements reby agreed as follows: It Developer has constructed improvements in connection with such ay and in public easements, including, but not limited to, sidewalks, sewer, lightbase (restoration), trees, and tree planters, City assumes enance, repair, restoration and replacement of such improvements; per, solely as a personal obligation of Developer, hereby agrees to (1) year period after September 15, 2007, that such improvements so ave been constructed substantially in accordance with the plans and the City and have been constructed in a good and workmanlike materials and workmanship and agrees to repair or replace, as and and at Developer's sole cost and expense, any workmanship or tive, in the sole opinion of the City, within said one -year period even en by the City after said one -year period. Any contractor selected by arranty work described above must be determined in writing by the able. The City reserves the right to require satisfactory proof of equate financial status by any such contractor. Adolfson & Peterson is an approved general contractor. The construction, installation, materials and equipment as to such warranty work shall b in accordance with the plans and specifications approved by the City Engineer. The Devel per will cause the contractors to furnish the City Engineer with a Schedule of proposed opera ions at least five (5) days prior to commencement of construction work. All of the work shal be under and subject to the supervision of the City Engineer and, where appropriate, the Mi esota Department of Health and any other governmental agency having jurisdiction. The D veloper will cause each person with whom the Developer contracts for the construction and inst llation of any such warranty work to furnish the City with the same evidence of complete ins rance coverage (including workers' compensation, liability and property damage) as is re uired on City contracted construction jobs as determined by the general specifications now i use. 2. Vacation of Utility Easement. City and HRA will promptly upon execution of this Agreement vacate and/ r release all those public utility easements on the property legally described on Exhibit A att ched hereto and incorporated herein by reference (the "Property ") which are listed on Exhibit attached hereto. 3. Credits. Th rties hereto confirm that any S.A.C. or W.A.C. credits for pre- existing structures and uses hall pa be granted first to the "retail" portion of the Property and, if any excess exists, then to the re idential /parking portion of the Property. 4. Easement S uth of Pro ert . City will use commercially reasonable effort to secure a six (6) foot easem nt for installation, maintenance and repair of an underground storm sewer and related facilities rom the property owner to the immediate south of the Property and lying adjacent to the south 1 ne of the Property. 5. Payment for Develo er's Work on City Property and Easements. Developer shall promptly and fully pay p Mons doing work or furnishing skills, tools, machinery, materials, insurance, equipment, or s pplies in connection with the construction, installation, repair and replacement of improveme is in public right -of -way or public easements, in connection with any work thereon under the one (1) year guarantee of Developer. 6. Partial Rele submitted by Developer is or performance and payme (1) year guarantee and De tools, machinery, materials the one (1) year guarantee 7. Release of Agreement, including th performance by Develope or warranty, the City wil hereto, or so much thereo . shall have been filed in use of Bond. The development or performance and payment bond hereby released except as to the last $7,500.00 of such development It bond to secure performance by Developer under Developer's one ieloper's covenant that all persons doing work or furnishing skills, insurance, equipment, or supplies in connection with any work under f Developer, shall be paid therefor. ecurit . Upon performance by the Developer of the terms of this expiration of any guaranty of warranty period herein and the of Developer's obligations herein with respect to any such guaranty release to the Developer the security filed with the City pursuant as has not been used by the City pursuant hereto, or, in case a bond accordance with this Agreement, will give, upon request of the Developer, evidence sati& accordance with its terms. 8. Notices. Vi or demand be given or se notice or demand shall be hereinafter set forth by ce: deemed timely given whc with the above. The addrf as above: If to the City at: If to the Developer to the surety of performance by Developer of this Agreement in enever in this Agreement it shall be required or permitted that notice ed by either party to this Agreement to or on the other party, such elivered personally or mailed by United States mail to the addresses fled mail (return receipt requested). Such notice or demand shall be delivered personally or when deposited in the mail in accordance ;es of the parties hereto are as follows, until changed by notice given c/o Director of Public Works and City Engineer City of Edina 4801 West 50`h Street Edina, MN 55424 c/o Haugland Company, Inc. 5850 Opus Parkway, Suite 108 Minneapolis, MN 55343 9. City of Mi—nieapolis Water Connections. City confirms its obligation to grant permission for the Property to connect to and use City of Minneapolis water subject to City of Minneapolis rules and regul tions relating to such usage. 10. Indemnity. eveloper agrees to indemnify the City against, and hold it harmless from, any and all claims, amages, cost and expense, including, without limitation, attorneys' fees, arising out of, or cl -med to arise out of, the default by Developer in performance or nonperformance by Devel per of any of the work, or any of the obligations to be done and fulfilled by Developer purs an to this Agreement. 11. Non-R( in and for Hennepin C 12. Binding El Property. Developer shy Agreement, in whole or in upon approval of any ass withheld, and assumption liability for the assumed partnership interest, mem>: in a transfer in control of under this Agreement. Developer shall have its lender as collateral for a such assignment. ion. This Agreement shall not be recorded in the real estate records Minnesota. ;t. Developer is entering into this Agreement as owner of the have the right to assign all rights and obligations under this rt, to any subsequent owner, in whole or in part, of the Property and iee by City in writing, which approval shall not unreasonably be the assumed obligations, Developer shall be deemed released from ligations. For purposes of this Agreement, a transfer of shares, ,hip interest or other ownership interest in Developer which results Developer entity constitutes an assignment of Developer's rights the right to assign its rights and obligations under this Agreement to loan, but Developer shall not be released from liability by reason of 13. City Costs. charges City incurs and pa; and expenses incurred in cc related to the Project, in Developer and any easerr specifications for improver inspection of Developer's work. Developer must rein of City's delivery of a notic through the date of the noti, Developer agrees to reimburse City for all third party fees and s to third parties for legal, planning, engineering and inspection fees inection with the preparation of this Agreement and other documents sluding, without limitation, the license agreement from City to mts contemplated hereby; the review and approval of plans and cents contemplated in this Agreement and the monitoring and final progress, performance, construction and installation of the warranty burse City for out -of- pocket costs City pays within 30 business days to Developer setting forth the amount of City's out -of- pocket costs (Signature page follows.) IN WITNESS WHEREOF, the parties hereto have executed this Developer's Agreement as of the date first above written. CITY OF EDINA, a municipal corporation organized un er t� laws of the State of Minnesota% � k _ IN s B. Hov L. Hughes, CAW Manager HOUSING AND REDEVELOPMENT AUTHORITY Ans DINA, MINNESOTA, a body politic o orate under the laws of the State of a B. Hovland, Chair By: Lin M. Masi ca, ecretary 5000 FRANCE CO ANY By: Its: A., STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing 2007, by James B. He Edina, a municipal co the corporation. My STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing insti 2007, by James B. Hovlan Redevelopment Authority o State of Minnesota, on beha MY STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing ins 2007, by Gene Haugland, behalf of the corporation. THIS INSTRUMENT PREPAR GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 ss ment was acknowledged before me this —al day of September, the Mayor, and Gordon L. Hughes, the City Manager of the City of )n organized under the laws of the State of Minnesota, on behalf of "AAA,��j " iE M. TIMM Public- Minnesota don Expires Jan 31, 2010 Not Public ss anent was acknowledged before me this C day of September, the Chair, and Linda M. Masica, the Secretary of the Housing and Edina, Minnesota, a body politic and corporate under the laws of the of the political and corporate body. ._---------_--- JANE M. TIMM lotary Public- Minnesota �Wnrnl ston Expires Jan 31, 2010 otary P blic ss ent was acknowledged before me this � day of September, President of 5000 France Company, a Minnesota corporation, on NotAPubll* 0' CHERYL K. MOUNE Notary Public Minnesota Em Commission Expires January 31, 2010 Lot 47, Auditor's Subdi AND That part of the vacated sot Subdivision Number 1721y line of Lot 47, said auditor' MIM That part of Lot 45, Audi Beginning at the southeast South 89 degrees 59 minut 100.00 feet to the southwe; minutes 06 seconds West, 1.41 feet; thence South 0 d Lot 45, a distance of 28.95 of 25.59 feet; thence south, central angle of 50 degrees feet to the west line of the ] seconds East, along said w, feet of said Lot 45; thence the south 70.00 feet, a dish West, along said east line c EXHIBIT A Legal Description of Property Number 172 17 feet of West 50th Street, as shown on the plat of Auditors ig between the northerly extensions of the west line and of the east plat. 's Subdivision Number 172, described as follows: .orner of Lot 47, said Auditor's plat; thence on an assumed bearing of s 06 seconds West, along the south line of said Lot 47, a distance of r corner of said Lot 47; thence continuing South 89 degrees 59 n the westerly extension of said south line of Lot 47, a distance of grees 20 minutes 20 seconds East, parallel with the east line of said .eet; thence South 62 degrees 16 minutes 17 seconds West, a distance iesterly, along a tangential curve concave to the southeast, having a 22 minutes 36 seconds and a radius of 50.00 feet, a distance of 43.96 ,ast 150.00 feet of said Lot 45; thence South 0 degrees 20 minutes 20 st line, a distance of 48.16 feet to the north line of the South 70.00 outh 89 degrees 59 minutes 50 seconds East, along said north line of ice of 150.00 feet; thence North 0 degrees 20 minutes 20 seconds Lot 45, a distance of 123.00 feet to the point of beginning. EXHIBIT B Easements to be Released Easements reserved in C.R. Doc. No. 8659951 and Doc. No. 8659952. GP:2241094 v4 Doc No 4431307 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total 1";- -A{' =� d " 3A TAXPAYER ERVI.0 S r TRANSFER ENTERED SEP 2 8 2007 This Driveway E� September, 2007, by and laws of the State of Minn( (the "Grantor "). WITNESSETH, WAY EASEMENT AGREEMENT r -nt Agreement ( "Agreement') is made as of this a 15 day of ,een City of Edina, a municipal corporation organized under the (the "City "), and 5000 France Company, a Minnesota corporation WHEREAS, Grantor is the owner of the property described on Exhibit A attached hereto and incorporated herein by eference (the "Grantor Property "); and WHEREAS, in connection with the development of the Grantor Property, City has required that Grantor grant n easement to City in accordance with the terms hereof. NOW, THEREFO in consideration of the mutual covenants and agreements contained herein, the hereto agree as follows: 1. Easement G ants. Subject to the conditions and limitations hereinafter set forth, Grantor hereby declares a d grants to City a non - exclusive easement over, upon and across the portion of the Grantor Pro erty legally described and depicted on Exhibit B attached hereto and incorporated herein by refe ence and within the vertical limits as described on said Exhibit B (the "Easement Area ") for th purposes of installation, use, operation, maintenance, repair and replacement of a drivewa including public pedestrian and vehicular use thereof to and from public rights -of -way. Gra for hereby further grants to City a non - exclusive easement under the Easement Area on Tracts A, D, G, and HHH of Registered Land Survey No. 1'785- Hennepin County, Minne ota, for subjacent support of the driveway improvements located within the Easement Area. Such rights to subjacent support shall be limited so as to interfere with improvements on suc tracts as little as reasonably possible under the circumstances. The driveway improvements sh Il be substantially in accordance with the plans and specifications for same heretofore approved > y the City. 2. Maintenan( Area clean and in a neat & all necessary and appropr owner of Tract D of the ( than cleaning, ice and sno Easement Area within the Easement Area, 3. Conveyan( substantially in compliar hereby transfers and con) City hereby accepts owne the terms and conditions covenant (and not as ov Grantor Property) heret September 15, 2007, that Easement Area have E specifications approved 1 manner free from defects 4. Water and Grantor shall be responsi barrier in or adjacent to t: water from entering the ur N of the Grantor Propert; driveway improvements 11 Easement Area in order to owner of Tract D of the driveway improvements improvements to be rest( removal or replacement. The City shall keep the driveway constructed on the Easement orderly condition and appearance and in good repair and shall make to repairs and replacements thereof; provided, however, Grantor as antor Property only, shall be responsible for the maintenance (other removal and plowing), repair and replacement of the portion of the Dotprint of the building heretofore constructed above and below the Grantor has constructed upon the Easement Area a driveway with the plans and specifications heretofore approved by City and ,s all driveway improvements located on the Easement Area to City. lip of said driveway improvements subject to and in accordance with i this Agreement; provided, however, Grantor, solely as a personal ;r of the Grantor Property, and not as a covenant binding on the agrees to guarantee to City for a one (1) year period after e driveway improvements heretofore constructed by Grantor on the n constructed substantially in accordance with the plans and the City and have been constructed in a good and workmanlike materials and workmanship. loisture Barrier. As owner of Tract D of the Grantor Property only, fe to take reasonable measures to maintain the water and moisture Easement Area as described on Exhibit B hereto to prevent storm erground parking area below the Easement Area. The owner of Tract shall have the right to remove, replace, and restore portions of the sated on the Easement Area and temporarily interrupt traffic in the ccomplish such maintenance of the moisture barrier. In the event the irantor Property removes, replaces or damages the portions of the i the Easement Area, said owner of Tract D shall cause such ed substantially to their same condition as prior to the damage, 5. Duration. he easement granted herein shall be permanent (subject to the specific provisions and limitations hereof) and (except to the extent otherwise expressly provided in Paragraph 3 above) shall c eate mutual benefits and covenants running with the Grantor Property and shall be binding upo any owner, tenant or occupant of the Grantor Property and their respective legal representa Ives, heirs, successors and assigns. 6. Sole Agree whatsoever except by an agreement between the p prior negotiations, discus sidewalk described herein 7. A.� licabI accordance with the laws lent. This Agreement may not be amended or modified in any respect istrument in writing signed by all parties. This constitutes the entire ties with respect to the easement set forth herein and supersedes all ons, writings and agreements between them in connection with the nd the easement described herein except as set forth herein. .aw. This Agreement shall be governed by and construed in the State of Minnesota. 2 8. Snow an, and ice removal in the Easement Area in good, Removal. City shall be responsible for all snowplowing and snow ;ment Area in order to keep the driveway improvements and the and serviceable condition. 9. Run With he Land. Except to the extent otherwise provided in Paragraph 3 above, this Agreement wil run with title to the Grantor Property and is binding upon and inures to the benefit of the parties hereto and their respective successors. 10. Tracts Area does not include 1%o*S- ,Hen to subjacent support. 11. Directi right to utilize the E direction from west to U, and HHH. The parties hereto acknowledge that the Easement portion of Tracts A, D, G, and HHH, Registered Land Survey No. 1 County, Minnesota, except as set forth in Paragraph 1 with respect Limitation. The City's use of the driveway improvements and City's ent Area shall be limited to use for vehicular traffic in a one -way only. [Signature page follows.] 3 IN WITNESS W EREOF, the parties hereto have executed this Sidewalk Easement Agreement as of the date f rst above written. CITY OF EDIN a municipal corporation organized u d th laws of the State of Minnesota Jams . ovlan Ma r By: Gordon L. Hu hes, y Manager 5000 FRANCE C NY By: Its Pre ident STATE OF MINNESOTA ) ss COUNTY OF HENNEPIN ) The foregoing inst ment was acknowledged before me this 3-1 day of September, 2007, by James B. Hovlan , the Mayor, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corpor tion organized under the laws of the State of Minnesota, on behalf of the corporation. otar y ublic STATE OF MINNESOTA ) JANE M. TIMM Notary Public-Minnesota ) SS COUNTY OF HENNEPIN ) W C0M'n6Sf*- Expires Jan 31, 2010 The foregoing inst ument was 2007, by Gene Haugland, he Presiden behalf of the corporation. R' CHERYL K. MOLWE Not a Public .,�:: ° Mln esota Ly Commisslon Expires J nuary 31, 2010 acknowledged before me this _ day of September, t of 5000 France Compa y, a Minnesota corporation, on Notary Pub 0 The undersigned, Financing Statement and � the office of the County Document No. 8659953, 1 agrees that its rights under Assignment of Leases any successors and assigns STATE OF NEBRASKA COUNTY OF DOUGLAS The foregoing in, 2007, by Ate= of the First National Ba National Bank of Omaha. GENERAL NOTARY-State TRACY MORRIS( My Comm. Exp. Dec. 24, THIS INSTRUMENT PREPARI GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 CONSENT under that certain Mortgage, Security Agreement, Fixture of Leases and Rents dated September 22, 2005, recorded in in and for Hennepin County on September 23, 2005 as consents to the foregoing Driveway Easement Agreement and Mortgage, Security Agreement, Fixture Financing Statement and Rents shall be subordinate to the rights of the City of Edina, its such Driveway Easement Agreement. FIRST NATIONAL BANK OF OMAHA, a national banking association )Ss Iment was acknowledged before me this � day of September, the LjALLA piL�sS►t) _ of Omaha, a national banking association, on behalf of the First BY: �►6�ZL7 EXHIBIT A Legal Description of Grantor Property Tracts A, D, G, N, T, HHH and III, Registered Land Survey No. $ S , Hennepin County, Minnesota. Those parts of Tracts N, T, Minnesota, lying northerly following described line "B' EXHIBIT B Legal Description of Easement Area tnd IIl, Registered Land Survey No. 119-5- , Hennepin County, of the following described line "A" and lying southerly of the Said line is "A" des ribed as commencing at the southeast corner of said Tract T; thence on an assumed bear ng of North 00 degrees 20 minutes 20 seconds West, along the east line of said Tract T, a distance of 112.10 feet to the point of beginning of said line "A" to be described; thence South 89 degrees 40 minutes 47 seconds West a distance of 77.23 feet; thence South 65 degrees 03 minutes 50 seconds West a distance of 26.59 feet to a westerly line of said Tract T and there terminating. Said line is "B" des ribed as commencing at said southeast corner of Tract T; thence on an assumed bearing of North 00 degrees 20 minutes 20 seconds West, along said east line of Tract T, a distan e of 125.99 feet to the point of beginning of the line to be described; thence South 89 degrees 40 minutes 47 seconds West a distance of 80.26 feet; thence South 65 degrees 0 minutes 50 seconds West a distance of 23.26 feet to a westerly line of said Tract T and there terminating. Description of Subjacent Support Easement Tracts A, D, G, and HI H, Registered Land Survey No. i�� Hennepin County, Minnesota. wR t Q a 9 L 8 7 3 q> NF :V 4°lJ O 2 z W n z S O O U- U W� z W a W GP:2241404 v6 Y H U Q f5 S 00'091 3.09,69.69S ° � R v a j N O a U a o Y u R �u U F- Q Q h i Jb�hc .b It 5 t �e. 3 .OZ,OZ. 00 S ' 16e 9 N �Eaf 8 F U s Q J 9 N aQ I N h- U Q I IOM JO 3Nn 00'001 M „40,84.885 133ULS RLO4 1S3m i U m Q Z ,ai 5 ��a 33g $ E al RiOi oE� If o g 88 r 1i All, l, g z S = S i °1'I or g g$ �q7 Doc No 4431308 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total OF TAXPAYER SERVI TRANSFER ENTE SEP 2 8 This Sidewalk Ea September, 2007, by and laws of the State of Minn (the "Grantor "). WITNESSETH, PAM IN EWALK EASEMENT AGREEMENT sr nt Agreement ( "Agreement ") is made as of this o? day of ,een City of Edina, a municipal corporation organized under the (the "City "), and 5000 France Company, a Minnesota corporation WHEREAS, Grant r is the owner of the property described on Exhibit A attached hereto and incorporated herein by reference (the "Grantor Property "); and WHEREAS, in required that Grantor gi NOW, THE contained herein, the 1. Easement G Grantor hereby declares an portions of the Grantor Prc incorporated herein by ref operation, maintenance, i substantially in accordance City, including public pede further grants to City a non HHH of Registered Land c support of the sidewalk i subjacent support shall be 1 reasonably possible under t nnection with the development of the Grantor Property, City has an easement to City in accordance with the terms hereof. E, in consideration of the mutual covenants and agreements hereto agree as follows: its. Subject to the conditions and limitations hereinafter set forth, grants to City a non- exclusive easement over, upon and across those °rty legally described and depicted on Exhibit B attached hereto and ence (the "Easement Area ") for the purposes of installation, use, pair and replacement of sidewalks. The sidewalks shall be ,ith the plans and specifications for same heretofore approved by the Irian use thereof to and from public rights -of -way. Grantor hereby xclusive easement under the Easement Area on Tracts A, D, G, and rvey No. t 8!5— , Hennepin County, Minnesota, for subjacent provements located within the Easement Area. Such rights to zited so as to interfere with improvements on such tracts as little as circumstances. 2. Maintenanc . The City shall keep the sidewalk constructed on the Easement Area clean and in a neat and or erly condition and appearance and in good repair and shall make all necessary and appropriat repairs and replacements thereof; provided, however, Grantor as owner of Tract D of the rantor Property only, shall be responsible for the maintenance (other than cleaning, ice and sno removal and plowing), repair and replacement of the portion of the Easement Area within the ]footprint of the building heretofore constructed above and below the Easement Area. 3. Conve anc . Grantor has constructed upon the Easement Area sidewalks substantially in complianc with the plans and specifications heretofore approved by City and hereby transfers and conveys all sidewalk improvements located on the Easement Area to City. City hereby accepts ownership of said sidewalk improvements subject to and in accordance with the terms and conditions in this Agreement; provided, however, Grantor, solely as a personal covenant (and not as owner of the Grantor Property, and not as a covenant binding on the Grantor Property) hereby] agrees to guarantee to City for a one (1) year period after September 15, 2007, that the sidewalk improvements heretofore constructed by Grantor on the Easement Area have be n constructed substantially in accordance with the plans and specifications approved b the City and have been constructed in a good and workmanlike manner free from defects i materials and workmanship. 4. Water and oisture Barrier. As owner of Tract D of the Grantor Property only, Grantor shall be responsi le to take reasonable measures to maintain the water and moisture barrier in or adjacent to P rcel 1 and Parcel 2 of the Easement Area as described on Exhibit B hereto to prevent storm w ter from entering the underground parking area below the said Parcel 1 and Parcel 2 of the Ease ent Area. The owner of Tract N of the Grantor Property shall have the right to remove, repla e, and restore portions of the sidewalk improvements located on said Parcel 1 and Parcel 2 d temporarily interrupt traffic in the Easement Area in order to accomplish such maintena ce of the moisture barrier. In the event the owner of Tract D of the Grantor Property removes, 'replaces or damages the portions of the sidewalk improvements in the Easement Area, said owner of Tract D shall cause such improvements to be restored substantially to their same ondition as prior to the damage, removal or replacement. 5. Duration. he easement granted herein shall be permanent (subject to the specific provisions and limitations hereof) and (except to the extent otherwise expressly provided in Paragraph 3 above) shall c eate mutual benefits and covenants running with the Grantor Property and shall be binding upo any owner, tenant or occupant of the Grantor Property and their respective legal representa ives, heirs, successors and assigns. 6. Sole Agreement. This Agreement may not be amended or modified in any respect whatsoever except by an instrument in writing signed by all parties. This constitutes the entire agreement between the p# es with respect to the easement set forth herein and supersedes all prior negotiations, discuss'ons, writings and agreements between them in connection with the sidewalk described herein and the easement described herein except as set forth herein. 7. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws f the State of Minnesota. 2 8. Snow the Easement Area in safe and serviceable c Removal. City shall be responsible for all snow and ice removal in to keep the sidewalk improvements and the Easement Area in good, 9. Run With the Land. Except to the extent otherwise provided in Paragraph 3 above, this Agreement will run with title to the Grantor Property and is binding upon and inures to the benefit of the parties hereto and their respective successors. 10. Tracts A D ' and HHH. The parties hereto acknowledge that the Easement Area does not include any portion of Tracts A, D, and HHH, Registered Land Survey No. 17 6 S , Hennepiin County, Minnesota, except as set forth in Paragraph 1 with respect to subjacent support. j [Signature page follows.] 3 IN WITNESS WHEREOF, the parties hereto have executed this Sidewalk Easement Agreement as of the date fi st above written. CITY OF EDINA, a municipal corporation organized u e th laws of the State of Minnesot Jai60s B. H viand, Pay r I By: Gord n L. -Hu ghes, C t Manager i 5000 FRANCE CO NY By: Its Presi nt STATE OF MINNESOTA ) ) ss COUNTY OF HENNEPI ) The foregoing inst ument was acknowledged before me this p 1 day of September, 2007, by James B. Hovlan , the Mayor, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corpor tion organized under the laws of the State of Minnesota, on behalf of the corporation. otary blic ....,.,a� JANE M. TIMM STATE OF MINNESOTA ) Notary Public- Minnesota MY Commission Expires An 31,2010 COUNTY OF HENNEPIN The foregoing instrument was acknowledged before me this 21 day of September, 2007, by Gene Haugland, he President of 5000 France Compa y, a Minnesota corporation, on behalf of the corporation. CHERYL K. MOUNE Notary Publ' Public Commlesion Expires Jonuary 31, 2010 E The undersigned, Financing Statement and i the office of the County Document No, 8659953, 1 agrees that its rights under Assignment of Leases an, successors and assigns STATE OF NEBRASKA COUNTY OF DOUGLAS The foregoing in,, 2007, by M►c�,u�e►... of the First National Ba National Bank of Omaha. GEN'W N0 TRACY M AMY Comm. Exp. THIS INSTRUMENT PREPAA GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 CONSENT under that certain Mortgage, Security Agreement, Fixture of Leases and Rents dated September 22, 2005, recorded in in and for Hennepin County on September 23, 2005 as consents to the foregoing Sidewalk Easement Agreement and Mortgage, Security Agreement, Fixture Financing Statement and Rents shall be subordinate to the rights of the City of Edina, its r such Sidewalk Easement Agreement. FIRST NATIONAL BANK OF OMAHA, a national banking association By: Its: . ery ss } r ment was acknowledged before me this � day of September, • JLL :S-A l_. , the krmes' %CW%4T ' of Omaha, a national banking association, on behalf of the First of Nebraska arsory Notary Pu is 44, 2007 M 5 EXHIBIT A Legal Description of Grantor Property Tracts A, D, G, N, T, and HHH, Registered Land Survey No. �'S , Hennepin County, Minnesota, EXHIBIT B Legal Description of Easement Area Parcel 1: That part of Tract and Tract T, Registered Land Survey No. 7 $S , Hennepin County, Minnesota, lying northerly of the southerly line of said Tract N and its easterly extension to the east line of said Tract T and lying northerly of the northerly line of Tract JJJ, said Registered sand Survey No. 95-- _ and lying southerly and easterly of the following described'iline: Commencing at the southeast corner of said Tract T; thence on an assumed bearing of North 00 degrees 20 minutes 20 seconds West, along said east line of Tract T, a distance of 112.10 feet to the point of beginning of the line to be described; thence South 89 degrees 40 minutes 47 seconds West a distance of 77.23 feet; thence South 65 degrees 03 minutes 50 seconds West a distance of to 26.59 feet a westerly line of said Tract T; thence South 00 degrees 20 minutes 20 seconds lust, along said west line and its southerly extension, a distance of 7.84 feet to said northerly line of said Tract JJJ and there terminating. Parcel 2: That part of said Tr ct N and Tract T lying southerly of the northerly line of said Tract N and its easterly extension to the east line of said Tract T and northerly and easterly of the following described line: Commencin at the the corner of said Tract T; thence on an assumed bearing of orth 00 degrees 20 minutes 20 seconds West, along said east line of Tract T, a distance of 125.99 feet to the point of beginning of the line to be described; thence South 89 degrees 40 minutes 47 seconds West a distance of 52.00 feet; thence North 00 degrees 19 minutes 13 seconds West a distance of 6.02 feet to said northerly line of Tract N and there terminating. Parcel 3: The East 6.00 feet o the North 59.70 feet of Tracts G and T, Registered Land Survey No. �� , Hennepin County, Minnesota; and The East 6.00 feet Of the South 206.60 feet of Tracts G and T, Registered Land Survey No. ) ,5'— , Hennepin County, Minnesota; and The East 5.15 feet Hennepin County, N North 59.70 feet saic Parcel 4: of Tracts G and T, Registered Land Survey No. )13S— , innesota, lying North of the South 206.60 feet and lying South of the . Tracts G and T. The South 4.00 feet of Tracts G and T, Registered Land Survey No. Hennepin County, linnesota. Legal Description of Subjacent Support Easement Tracts A, D, G, and HHt , Registered Land Survey No. I $ Hennepin County, Minnesota. EASEMENT SKETCH FOR. 5000 FRANCE, Scho="Wadqs!o�n�L�'E'7.'Wp LLC s4s4z —Dm— l— stt+cDwG SIDEWALK EASEMENT DESCWT70N An eosement far sidewdk purposes over and averse the South 4.00 feat of Tracts G and 7, Registered Land Survey No. Hennepin County, Winnesota. FRANCE AVENUE SOUTH — No,=JD'w moo - TRACT ODD- xmxar. m TRACT C v ao x NOTES +> TRACT Trott G lies between elevations 867.17 feet and 882.67 feet (NOW :ssm.: err ♦ W 29) w $ a Tract T lies between elevations 88267 feet and K 19 - NoNTN Ls1E CF 898.67 feet (NGVO 29) rn TRACT B TRACT C TRACT D TIE SOUTH 4.00, TRACT E FELT OF TRACTS GAND rye a smaxae b a � a s� � TRACT F `6t TRACT G -� 5010'40'E IseA7 7��,A{` Rc $ = 03 tra R �i�: Ile, b�„ .Ar lyyTRA��G *t i JO 0 is >o SD e 40.19 soiC20i i9CAU IN FM ) I hereby certify that this survey was prepared under MY supervisim and that 1 om a Lieansed land Surveyor under the laws of the State of Mnnesoto. This drawing has been checked and reviewed this day of 20- by Dote. License No. 0594 EASEMENT SKETCH FOR:_ 5000 FRANCE, LLC emoa1....s.. Schoell Madson T a 9. f].w1Lg Im s� ��� Ti"I FNWa FRANCE AVENUE SOUTH No.9-2o'w TRACT C 293.00 TRACT D In �V TRACT G sos0'201E 169.97 8 This drawing has bean checked and reviewed this day of 20 by L I o 14.o TRACT W4 000 w Qc �? 8 8 Qc TRACT D Fig U) I 3 s FRANCE AVENUE SOUTH No.9-2o'w TRACT C 293.00 TRACT D In �V TRACT G sos0'201E 169.97 8 This drawing has bean checked and reviewed this day of 20 by L I o 14.o N01M UNE OF 1NE SO NI 600 b TRACT E aMp i � 8 8 TRACT F 7 s nven/ e� SIDEWALK EASEMENT DESCRIPTION An easement for sidewalk purposes over and Paper Mort port of the "owing described property. _ The east 6.D0 fed _of the North 59 -70 feet of _ _ Tracts G and T, Registered Laid Survey No. _ Hennepin County, Minnesota, AND The east 6.00 feet of the South 206.60 feet of Tracts G and T. Registered Land Survey No, Hennepin County, Minnesota AND The east 5.15 feet of Tracts G and T, Registered Land Surrey No. Hennepin Canty, Minnesota, tying noM of the South 206.60 feet and lying south of the North 59.70 feet of said Tracts G and T. NOTE Tract G lies between elevations 867.17 feet and 882.67 feet (NGVD 29) Tract T lies between eieraMonr 86257 feet and 89 &67 feet (NM 29) tot 2 h bt 30 d 155 30 60 W-Aw of PUT ) I hereby certify that this survey was prepared under my aupervLsion and that t am o Licensed Land Surnyor under the tows of the State of Minnesota. Date: License Na 13594 v N 4 ' o o1 * E GP: 1986587 0 m Doc No 4431309 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF 1212140 $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total r 2. Mainter improvements in the F and appropriate repairs The City shall keep the electric cable and light fixture nent Area in good condition and repair and shall make all necessary replacements thereof. 3. Conve anc . Grantor has constructed in the Easement Area electric cable and light fixture improvement substantially in compliance with plans and specifications heretofore approved by the City fo City's improvements and hereby conveys all such improvements installed for City owners ip located on the Easement Area to City. In no event does this Agreement relate to any e ectric cable or light fixtures serving exclusively non - public areas or equipment of the Grantor Property. City hereby accepts ownership of said electric cable and light fixture improvemen s heretofore constructed and approved by the City in connection therewith, subject to the t rms and conditions in this Agreement; provided, however, Grantor, solely as a personal covenant (and not as owner of the Grantor Property and not as a covenant binding on the Grantor Pr perty), hereby agrees to guarantee to City for a one (1) period after September 15, 2007, that such electric cable and light fixture improvements heretofore constructed by Grantor and conveyed to City on the Easement Area have been constructed substantially in accordance with the plans and specifications for same approved by the City and have been constructed in good and workmanlike manner free from defects in materials and workmanship. 4. Duration. he easement granted herein shall be permanent and (except to the extent otherwise expressly provided in Paragraph 3 above) shall create mutual benefits and covenants running with th Grantor Property and shall be binding upon any owner, tenant or occupant of the Grantor Pr perty and their respective legal representatives, heirs, successors and assigns. 5. Sole Agreement. This Agreement may not be amended or modified in any respect whatsoever except by an instrument in writing signed by all parties. This constitutes the entire agreement between the parties with respect to the easement set forth herein and supersedes all prior negotiations, discussi ns, writings and agreements between them in connection with the underground storm sewer ystem improvements described herein and the easement described herein except as set forth he ein. 6. Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. 7. Run Wit: Paragraph 3 above, this upon and inures to the bf 8. Modifications modifications to this Agreer within the Grantor Property. Land. Except to the extent otherwise expressly provided in ! ement will run with title to the Grantor Property and is binding of the parties hereto and their respective successors. Upon request of either party, the parties agree to execute further identifying City's property under this Agreement lying [Signature page follows.] 2 IN WITNESS WHEREOF, the parties hereto have executed this Electric Cable and Light Fixture Easement Agreem nt as of the date first above written. CITY OF EDINA, a municipal corporation organized u r t laws of the State of Minnesot Jam . Hovland, Mayo By: don L. Frug4s, Ity Manager 5000 FRANCE C ANY By; I re dent STATE OF MINNESOTA ) ss COUNTY OF HENNEPIN ) The foregoing instri ment was acknowledged before me this day of September, 2007, by James B. Hovland, the Mayor, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corporat on organized under the laws of the State of Minnesota, on behalf of the corporation. G 4otaryblic STATE OF MINNESOTA ) JANE M. TIMM Notary Public- Minnesota COUNTY OF HENNEPIN ') SS � MY Commission Expires Jan 31, 2010 a ) The foregoing instrument was acknowledged before me this 21 day of September, 2007, by Gene Haugland, th President of 5000 France Company, a Minnesota corporation, on behalf of the corporation. <.. CHERYL s �.MOLINE Notary Publ Nota 4' Minn ota [My Commission Expires January 31, 2010 3 The undersigned, Financing Statement and CONSENT under that certain Mortgage, Security Agreement, Fixture gnment of Leases and Rents dated September 22, 2005, recorded in the office of the County Recorder in and for Hennepin County on September 23, 2005 as Document No. 8659953, Easement Agreement and Financing Statement and the City of Edina, its sI Easement Agreement. STATE OF NEBRASKA COUNTY OF DOUGLAS ss consents to the foregoing Electric Cable and Light Fixture that its rights under said Mortgage, Security Agreement, Fixture of Leases and Rents shall be subordinate to the rights of and assigns under such Electric Cable and Light Fixture FIRST NATIONAL BANK OF OMAHA, a national banking association By: ' Its: V 1�f1•�. dJtttwj The foregoing inst ment was acknowledged before me this ,G day of September, 2007, by . , the M�ar P(Z --r ► Ti-- of the First National Bank of Omaha, a national banking association, on behalf of the First National Bank of Omaha. GENERAL NOTAf TRAC My Comm. THIS INSTRUMENT PREPAR GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 -State R Nebraska MORRisoN Kp. Dec. 24, 2007, Notary Public BY: 5 Ar t • ' b � Tracts G, H, N, O, P, Q, S, County, Minnesota. GP:2266103 Q EXHIBIT A Legal Description of Grantor Property C, and U, Registered Land Survey No. Hennepin InIIIIII�IINIIVIIIV�I�IIVlllll�hllllll Doc No 4431305 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212140 $1.50 AF $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total TMNSFEA EN EW-D HENNEPIN COUNTY TAXPAY SERVICES r F UNDERG TRANSFER ENTERED HENNEPIN COUNTY TAXPAYER SERVICES II s �V Ly IN NN. lklrwn� �I )UND STORM SEWER EASEMENT AGREEMENT This Undergrounds Storm Sewer Easement Agreement ( "Agreement ") is made as of this al — day of September, 007, by and between City of Edina, a municipal corporation organized under the laws of the St e of Minnesota (the "City "), and 5000 France Company, a Minnesota corporation (the "Grantor'). WITNESSETH, t at: WHEREAS, Gran or is the owner of the property described on Exhibit A attached hereto and incorporated herein b reference (the "Grantor Property "); and WHEREAS, in connection with the development of the Grantor Property, City has required that Grantor gran an easement to City in accordance with the terms hereof. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parti s hereto agree as follows: 1. Easement rants. Subject to the conditions and limitations hereinafter set forth, Grantor hereby declares and grants to City a non - exclusive easement over, upon and across the portion of the Grantor Pr perty legally described and depicted on Exhibit B attached hereto and incorporated herein by r ference (the "Easement Area ") for the purposes of installation, use, operation, maintenance, repair and replacement of underground storm sewer system improvements (including, but not limited to, pipes, catch basins, inlets, and other appurtenances). 2. Maintenance. The City shall keep the underground storm sewer system improvements (whether described in Paragraph 3 hereof or hereafter constructed by City in the Easement Area) in good condition and repair and shall make all necessary and appropriate repairs and replacements thereof. 3. Conve anc . Grantor has constructed in the Easement Area storm sewer improvements substantially in compliance with plans and specifications heretofore approved by the City and hereby conveys all such underground storm sewer system improvements located on the Easement Area to City. system improvements incl appurtenances thereto hereto subject to the terms and coi personal covenant (and not the Grantor Property), hereb 2007, that such undergrou Grantor on the Easement A and specifications for sam workmanlike manner free fr City hereby accepts ownership of said underground storm sewer zding, but not limited to, all catch basins, inlets and other fore constructed and approved by the City in connection therewith, ditions in this Agreement; provided, however, Grantor, solely as a ts owner of the Grantor Property and not as a covenant binding on agrees to guarantee to City for a one (1) period after September 15, A storm sewer system improvements heretofore constructed by ;a have been constructed substantially in accordance with the plans approved by the City and have been constructed in a good and m defects in materials and workmanship. 4. Duration. The easement granted herein shall be permanent and (except to the extent otherwise expressly; provided in Paragraph 3 above) shall create mutual benefits and covenants running with the Grantor Property and shall be binding upon any owner, tenant or occupant of the Grantor Property and their respective legal representatives, heirs, successors and assigns. 5. So whatsoever except by an i agreement between the pE prior negotiations, discus., underground storm sewer herein except as set forth r 6. Ap licablE accordance with the laws 7. Run Wit Paragraph 3 above, this upon and inures to the bE This Agreement may not be amended or modified in any respect ment in writing signed by all parties. This constitutes the entire with respect to the easement set forth herein and supersedes all writings and agreements between them in connection with the ;m improvements described herein and the easement described .aw. This Agreement shall be governed by and construed in the State of Minnesota. Land. Except to the extent otherwise expressly provided in tment will run with title to the Grantor Property and is binding of the parties hereto and their respective successors. [Signature page follows.] 2 IN WITNESS Sewer Easement Aare STATE OF MINNESOTA COUNTY OF HENNEPIN The foregoing ii 2007, by James B. Hovl Edina, a municipal corp the corporation. ?REOF, the parties hereto have executed this Underground Storm as of the date first above written. CITY OF EDINA a municipal corporation organized under A laws of the State of Minnesota A j James B. Hovland, Mayor Gordon L. Hugh* , CltV Manager 5000 FRANCE CO ANY By: Its Pres ent ss ment was acknowledged before me this (:)—/ day of September, the Mayor, and Gordon L. Hughes, the City Manager of the City of on organized under the laws of the State of Minnesota, on behalf of STATE OF MINNESOTA I ) ) ss COUNTY OF HENNEPIN I ) The foregoing ins 2007, by Gene Haugland, behalf of the corporation. CH of N My Commission Expires Nlotary, ublic JANE M. TIMM 0 Notary Publio-Minnesota Yi M • ;ase� Y Commission EKpires Jan 31,2010 nent was acknowledged before me this 2 1 day of September, President of 5000 France Comp y, a Minnesota corporation, on Notary Publ* K. MOUNE i Public 31, 2010 3 The undersigned, Financing Statement and , the office of the County Document No. 8659953,1 Agreement and agrees 1 Financing Statement and the City of Edina, its suc Agreement. STATE OF NEBRASKA COUNTY OF DOUGLAS The foregoing in; 2007, by illir,U -Vt. of the First National Ba. National Bank of Omaha, CONSENT under that certain Mortgage, Security Agreement, Fixture ent of Leases and Rents dated September 22, 2005, recorded in in and for Hennepin County on September 23, 2005 as consents to the foregoing Underground Storm Sewer Easement its rights under said Mortgage, Security Agreement, Fixture of Leases and Rents shall be subordinate to the rights of and assigns under such Underground Storm Sewer Easement FIRST NATIONAL BANK OF OMAHA, a national banking association ss ament was acknowledged before me this ZO day of September, S1- y k h s(L-4i , the _\II,k -t— � 6T, +Q5, r- of Omaha, a national banking association, on behalf of the First GENERAL NOTARY -State f Nebraska TRACY MOR ISON My Comm. Exp, Dec 24, 2007 THIS INSTRUMENT PREPARED BY: GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 I EXHIBIT A Legal Description of Grantor Property Tracts G and T, Registere Land Survey No. 1 ri S 5 , Hennepin County, Minnesota. EXHIBIT B Legal Description of Easement Area The South 4.00 feet of Tracts G and T, Registered Land Survey No. 1/05 S Hennepin County, Minne ota. C) 10 EASEMENT SKETCH FOR: 5000-FRANCE, LLC w®ossrs..e ='�• Schoell Madson" r.nrr r W 8 mtT..., TepYrtq a—AV W � 8 ...rr U02012TW 20=0 FRANCE AVENUE SOUTH .war. am TRACT G-' sna'20Y Iee.e7 This drawing has bean checked and reviewed this day of 20 = w TRACT G TRACT Oao- r.nrr r W 8 W � 8 TRACT 8 o& U02012TW 20=0 FRANCE AVENUE SOUTH .war. am TRACT G-' sna'20Y Iee.e7 This drawing has bean checked and reviewed this day of 20 = w TRACT G 04342- OM- ZW- STOxim STORM SEWER EASEMENT OESCR1pTION An aosement far Storm Sewer purposes over, under and across the South 4 et 00 fed of Tracts G and T. Registered land Survey N. Hennepin County, Minnesoto. NOTES: Tract 0 fats between elovotions 867.17 feet and 882.67 feet (NGVO 29) Trod T lies between elewtians 8EZ67 feet and 898.67 feet (NM 29) W 2 0 3 30 0 15 30 so (liaxis BT 76S! ) I hereby certify that this survey was prepared under m- supervTSgn and that I am a Lioanwd Land undw the lows of the State of Minnesotm bms a Dater License No. 13594 y NORTH LNE OF TRACT C TRACT 0 THE S01fit1 1.00 TRACT E 0FM Or TRACTSu„1 b • tv TRACT F S s .. st0ah ��cT; iii J� 04342- OM- ZW- STOxim STORM SEWER EASEMENT OESCR1pTION An aosement far Storm Sewer purposes over, under and across the South 4 et 00 fed of Tracts G and T. Registered land Survey N. Hennepin County, Minnesoto. NOTES: Tract 0 fats between elovotions 867.17 feet and 882.67 feet (NGVO 29) Trod T lies between elewtians 8EZ67 feet and 898.67 feet (NM 29) W 2 0 3 30 0 15 30 so (liaxis BT 76S! ) I hereby certify that this survey was prepared under m- supervTSgn and that I am a Lioanwd Land undw the lows of the State of Minnesotm bms a Dater License No. 13594 ' r Doc No 4431306 09/28/2007 12:00 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 345577 Deputy 25 New cert Cert Fees 1212139 $1.50 AF $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $2.00 COPY $48.00 Total TAXPAYER SERVIO S TRANSFER ENTE ED SEP 2 H 20071 i DRIVEWAY EASEMENT AGREEMENT This Ramp, Alley and Driveway Easement Agreement ( "Agreement ") is made as of the 02f cr fday of September, 2007, by and between City of Edina, a municipal corporation organized under the laws of the State of Minnesota (the "City "), and 5000 France Company, a Minnesota corporation (the "Grantee "). WITNESSETH, tha : WHEREAS, City is the owner of the property described on Exhibit A attached hereto and incorporated herein by reference (the "Grantor Property "); and WHEREAS, Grantee is the owner of the property described on Exhibit B attached hereto and incorporated herein by reference (the "Grantee Property "); and WHEREAS, an alley and a parking ramp and related access drives are currently constructed on the Grantor Property; and WHEREAS, in connection with the development of the Grantee Property, City has agreed to grant an easement for driveway purposes for access and ingress and egress of persons and vehicles to Grantee over a portion of the Grantor Property for the benefit of the Grantee Property in accordance with the terms hereof. NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties hereto agree as follows: i 1. Easement Grants. City hereby grants to Grantee as owner of the Grantee Property and for the benefit of the Grantee Property and its owners, successors, and assigns an easement for driveway purposes and access and ingress and egress of persons and vehicles and for construction, maintenanc , operation and repair of a driveway over and across those portions of the said parking ramp an alley and related access drives legally described on Exhibit C attached hereto and incorporated erein by reference ( "Easement Area "). Further, said Easement Area is graphically described on Exhibit D attached hereto and incorporated herein by reference. Said easement shall be a permane t non- exclusive easement for such driveway and access and ingress and egress purposes. Such easement shall include the exclusive right to control access over such area at the easterly side of the parking ramp, both from the east and from the west. Such easement shall also include the right to erect, maintain, operate, repair and replace, and run electrical power to, access c ntrol devices in said Easement Area for access from the Easement Area into the said City ramp rom the east and out of said City ramp to the Grantee Property. 2. Maintenance. The City agrees to maintain, repair and replace and keep in good condition and repair all improvements (but not the access control devices and concrete medians which are installed by Grantee, which Grantee is required to maintain, repair and replace and keep in good condition and repair) necessary for such access. In the event such Easement Area is damaged or demolished, City will promptly provide alternative access reasonably acceptable to Grantee. Construction of such access and the initial control devices has been completed by Grantee and included the removal of the applicable portion of the east wall of the ramp and the connection with the public alley area east of such wall which construction is deemed approved by the City and the City Engineer. City shall be responsible for all snow and ice removal in the Easement Area in order to keep the Easement Area in good, safe and serviceable condition. 3. City and Grantee shall cooperate to prevent material interference with access under this Easement Agreement and use all reasonable effort to grade the Easement Area so as to avoid transfer of storm water from the Easement Area onto the Grantee Property. City shall also maintain the grade of the Easement Area to allow use of the Easement Area as a driveway as contemplated herein. 4. Modification's. City may make modifications to the Easement Area so long as such modifications do not materially adversely affect the rights granted herein by City, nor the use of such driveway by Grantee, its successors and assigns, nor in any material manner impair access, ingress and egress over the Easement Area by Grantee, its successors and assigns. Any such modifications by City shall be made at City's sole cost and expense. No modifications or other improvements shall be constructed in the Easement Area which would materially hinder or impede use of the Easement Area as a driveway for access and ingress and egress of persons and vehicles. 5. Duration. The easements granted herein shall be permanent and shall create covenants and agreements benefiting the Grantee Property, and shall benefit and be binding upon the City and any owner, tenant or occupant of the Grantee Property and the Grantor Property and their respective legal representatives, heirs, successors and assigns. 6. Sole Agreement. This Agreement may not be amended or modified in any respect whatsoever except by an instrument in writing signed by all parties. This constitutes the entire agreement between the parties with respect to the easement set forth herein and supersedes all prior negotiations, discussi' ns, writings and agreements between them in connection with the easements described herein) except as set forth herein. 2 I 7. Applicab le L w. This Agreement shall be governed by and construed in accordance with the laws of e State of Minnesota. 8. Run With tk Land. This Agreement will run with title to the Grantor Property and the Grantee Property and is binding upon and inures to the benefit of the parties hereto and their respective successors. he covenants of City and Grantee and each of the owners set forth in this Agreement are mad by such parties solely as the owner(s) of the respective property owned by them referred to h rein and the obligations herein shall be binding on the owner(s) of the Grantor Property, the Grantee Property and their respective successors and assigns only as to such obligations arising during their respective periods of ownership of the applicable parcel. [Signature page follows.] 3 IN WITNESS WHEREOF, the parties Agreement as of the date first above written. STATE OF MINNESOTA hereto have executed this Driveway Easement CITY OF EDINA, municipal corporation organized and I r the laws of the State of Minnesota \ � B./govland, L. Hughes, jqity Manager 5000 FRANCE CO NY By: Its President ) ss COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this a da of Se tember Y September, 2007, by James B. Hovland, the Mayor, and Gordon L. Hughes, the City Manager of the City of Edina, a municipal corporation organized under the laws of the State of Minnesota, on behalf of the corporation. �otary ublic STATE OF MINNESOTA JANE M. TIMM SS Notary public- Minnesota COUNTY OF HENNEPIN My COMMIWO^Eboirft Jan 31,2olo The foregoing instrument was acknowledged before me this day of September, 2007, by Gene Haugland, the President of 5000 France Company, a Minnesota corporation, on behalf of the corporation. C ERYL K. MOLINE � Notar Pu c Notary Public W c' •: Minnesota My Commission Aires January 31, 20,0 4 I CONSENT The undersigned, Mortgagee under that certain Mortgage, Security Agreement, Fixture Financing Statement and Assi ent of Leases and Rents dated September 22, 2005, recorded in the office of the County R corder in and for Hennepin County on September 23, 2005 as Document No. 8659953, hereby consents to the foregoing Ramp, Alley, and Driveway Easement Agreement and agrees that its rights under said Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents shall be subordinate to the rights of the City of Edina, its successors and assigns under such Ramp, Alley and Driveway Easement Agreement, FIRST NATIONAL BANK OF OMAHA, a national banking association STATE OF NEBRASKA ) )SS COUNTY OF DOUGLAS ) +� iw The foregoing instrument was acknowledged before me this L 6 day of September, 2007, by , the ifteas PA�0&%4r" of the First National Ba4 of Omaha, a national banking association, on behalf of the First National Bank of Omaha. gV;G77ER—AL­N0TARY4tate of Nebraska TRACY MORRISON Comm. Exp. Dec. 24, 2007 THIS INSTRUMENT PREPARED BY: GRAY, PLANT, MOOTY, MOOTY & BENNETT, P.A. (JLT) 500 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN 55402 Notary Pul5lic EXHIBIT A Legal Description of Grantor Property i I That part of Auditor's Subdivision No. 172, Hennepin County, Minnesota, described as follows: Beginning at the southeast corner of Tract C, Registered Land Survey No. 1426; thence north along the east line thereof to the most southerly and easterly corner of Tract A, Registered Land Survey No. 1426; thence easterly to the west line of Lot 44, Auditor's Subdivision No. 172, Hennepin County, Minnesota distant 181.05 feet north of the south line thereof, thence north along the west line of Lot 44 to the north line of the south 191.5 feet of said Lot 44; thence east parallel with the south line of Lot 44, 107 feet to a point 3 feet west from the east line of Lot 44; thence north parallel with the east line to the south line of West 50th Street; thence east 6 feet; thence south to a point 324.25 feet north from the south line of Lot 45, Auditor's Subdivision No. 172, Hennepin County, Minnesota; thence east parallel with the south line of Lot 45, 4 feet; thence south 134.75 feet; thence east 33 feet to the west line of the east 150 feet of Lot 45; thence south along the west line of the east 150 feet of Lot 45 and its extension southerly to the northeasterly line of 51St Street; thence northwesterly along the northeasterly line of 51St Street to the point of beginning. IEXHIBIT B L gal Description of Grantee Property Tracts B, C, D, E, F, H, J, K, R, S, U, V, W, X, BB, CC, DD, EE, FF, GG, HH, II, KK, LL, MM, NN, 00, PP, QQ, RR, T, UU, VV, WW, XX, YY, ZZ, AAA, CCC, DDD, EEE, FFF, GGG, and JJJ Registered Land Survey No. 17 S S , Hennepin County, Minnesota. �yE-0Ay� F`rl r�r x w CCS d �i O O CAI A R, �: u EASEMENT SKETCH FOR: 5000 FRANCE, LLC 642 INGRESS AND EGRESS EASEMENT DESCRIPTION: Tlfll,.6,90D r161T.61699 A 22.00 foot wide easement for ingress and egress purposes over m09 SOIV8y1'Ig eiw a"v. uo„�.ssTw and across part of Lots 44 and 49, Auditor's Subdivision Number r zznau� 172, Hennepin County, Minnesota, according to the recorded plat thereof, the centerline of said easement being described as follows: Commencing at the northwest corner of the south 70.00 feet of NOM�w z°''00 Lot 45, said Auditor's Subdivision Number 172; thence on an — TRACT wD. . mv.r. >n.+ I assumed bearing of North 0 degrees 20 minutes 20 seconds West, 't7sr TRACT 8 TRACT C TRACT D i �y TRACT a— 90ffi30'E ,4 This drawing has been checked and reviewed this _ day of 20_ by TRACT a_ along the west line of said Lot 45, also being the east line of said ` Lot 44, a distance of 18.35 feet, to the point of beginning of the ifa`� �• TRACT I centerline to be described, thence South 71 degrees 07 minutes 57 seconds West, a distance of 15.54 feet; thence South 89 degrees 39 minute 38 seconds West, a distance of 31.93 feet; thence NOETMTM .a_ South 1 degree 02 minutes 31 seconds East, a distance of 107.87 TRACT E T TRAn s 8 feet; thence southwesterly, a distance of 79.79 feet, along a ? $ tangential curve concave to the northwest, having a radius of a 112.05 feet and a central angle of 40 degrees 47 minutes 56 seconds; thence South 39 degrees 45 minutes 25 seconds West, a distance of 25.00 feet and said centerline there terminating. • WW Yg TRACT F 8 k� The sidelines of said easement shall be prolonged or shortened to • Y3 �'_� terminate at the east line of said Lot 44. I. RAC so2ww >5>t9Y5Yw ygsi x[icr Tai / / •• 7�� // // 40 a 20 40 80 I � (SCALE >x FEET � I hereby certify that this survey was prepared under my supervision and that 1 am a Licensed Land Surveyor under the laws of the State of Minnesota. DANIEL G. NICKOLS Date: License No. 19839 f EXHIBIT C Legal Description of Easement Area A 22.00 foot wide easement for ingress and egress purposes over and across part of Lots 44 and 49, Auditor's Subdivision Number 172, Hennepin County, Minnesota, according to the recorded plat thereof, the centerline of said easement being described as follows: Commencing at the northwest corner of the south 70.00 feet of Lot 45, said Auditor's Subdivision Number 172; thence on an assumed bearing of North 0 degrees 20 minutes 20 seconds West, along the west line of said Lot 45, also being the east line of said Lot 44, a distance of 18.35 feet, to the point of beginning of the centerline to be described, thence South 71 degrees 07 minutes 57 seconds West, a distance of 15.54 feet; thence South 89 degrees 39 minutes 38 seconds West, a distance of 31.93 feet; thence South 1 degree 02 minutes 31 seconds East, a distance of 107.87 feet; thence southwesterly, a distance of 79.79 feet, along a tangential curve concave to the northwest, having a radius of 112.05 feet and a central angle of 40 degrees 47 minutes 56 seconds; thence South 39 degrees 45 minutes 25 seconds West, a distance of 25.00 feet to the northeasterly right of way line of West 51't Street and said centerline there terminating. The sidelines of said easement shall be prolonged or shortened to terminate at the east line of said Lot 44.