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v <br /> r Q <br /> db <br /> RELEASE <br /> Custom Home Sidra Title <br /> This Release,made flus ey!day of October,2013,by the City of Orono,a municipal <br /> corporation organized under the laws of the State of eta(the"City',is based on the <br /> fallowing facts: <br /> A. In connection with the subdivision of real property legally described as Lots 1,2 <br /> and 3,Vasa Park,Hennepin County,Minnesota(the"Property')pursuant to the plat of Richie <br /> Addition(the"Plat),the City and Alfred P.Richie and Marilyn A.Richie("Developers') <br /> entered into a Developer's Agmemsnt,dated January 4,2000,that was recorded in the office of <br /> the Registrar of Titles in and for Hennepin County,Minnesota on May 12,2000 as Document <br /> No.3278961 (dw"Developer's Agreement'j,and entered as a memorial on Certificate of Title <br /> No. 1045794 in the office of said Registrar of Titles, covering Lots 1,2 and 3,Block 1,Richie <br /> Addition. <br /> B. Developers have performed all of their obligations under the Developer's <br /> Agreement,and there is no longer any need for title to any of the lots in the Plat to be subject to <br /> the Developer's Agreement. <br /> NOW,THEREFORE,in consideration of the facts stated above,the City hereby agrees <br /> that Lots 1,2 and 3,Block 1,Richie Addition,Hennepin County,Minnesota,are hereby released <br /> from all liens,encumbrances and obligations under the Developer's Agreement,and the <br /> Registrar of Titles of Hennepin County,Minnesota is hereby requested and directed to delete the <br /> memorial of the Developer's Agreement from all future Certificates of Title for any of the lots in <br /> the PIAL <br /> (end of page 1;signature page follows) <br />