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, . <br /> NOW, THEREFORE, THE PARTIES TO THIS COVENANT AGREE TO <br /> THE FOLI�OWING: <br /> 1. Applicants' request for one (1) Oversized Accessory <br /> Structure ("OAS") on the Subject Property is approved <br /> conditioned upon the execution of this Covenant by the City <br /> and the Applicants. <br /> 2. The following conditions shall control the existence of <br /> the OAS: <br /> A) No future subdivision of the Subject Property wil.l <br /> be approved that places the OAS within a lot that has <br /> no principal structure. <br /> B) Should Applicants wish to subdivide the Subject <br /> Property, the OAS may remain without a principa7. <br /> structure for a period to be determined by the Orono <br /> City Council. If no principal structure is ful ly <br /> constructed and completed on the property by the end of <br /> the determined period, the OAS must be removed. <br /> C) Should Applicants subdivide the Subject Property, <br /> the OAS and the principal structure shall be located <br /> within the same lot, which meets the minimum lot area <br /> requirement based upon the size of the accessory <br /> building, which lot area requirement is detailed in <br /> Section 10.03 , Subdivision 9 (C ) ( 2 ) of the Orono <br /> Municipal Code. Setback requirements as defined in <br /> Section 10.03, Subdivision 9 (C) (a) shal l also apply. <br /> 3. This Covenant shall be binding upon current and future <br /> owners of Subject Property, and shall be fiZed within the <br /> chain of title of the Subject Property. <br /> 4. Fee owner ( s ) of the Subject Property, if not the <br /> Applicants, consent to the execution of this Covenant and to <br /> its terms, as shown by his/her/their signature(s) upon this <br /> document. <br /> Page 2 of 4 <br />