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t <br /> (reserved for recording information) <br /> GRANT OF PERMANENT <br /> FLOWAGE AND CONSERVATION EASEMENT <br /> AND RESTRICTIVE COVENANT FOR WETLANDS <br /> This Grant of Permanent Flowage and Conservation Easement and Restrictive Covenant for <br /> Wetlands(the "Agreement")made this 114 ' day of , 2015,by SOURCE LAND <br /> DEVELOPMENT,INC.,a South Dakota corporation(" raptor"), in favor of the CITY OF <br /> ORONO,a Minnesota municipal corporation("City"). <br /> WITNESSETH: <br /> The Grantor, in consideration of good and valuable consideration paid by the City,the <br /> receipt and sufficiency of which is hereby acknowledged,hereby creates and grants unto the City a <br /> permanent easement for wetland flowage and conservation purposes over,under,on and across the <br /> land within the City of Orono, County of Hennepin, State of Minnesota, which is legally described <br /> on Exhibit"A" attached hereto(the"Easement Premises"),all as set forth in this Agreement. <br /> The Easement Premises is part of residential community within the City of Orono, <br /> Minnesota(the"City"), known as "Lakeview" (the "Community"). The Community is <br /> comprised of all of the real property within the plat of LAKEVIEW OF ORONO,Hennepin <br /> County,Minnesota(the "Plat"). The Grantor is the owner of Easement Premises and all of the <br /> other real property within the Plat, The Community is intended to consist of forty-six single <br /> family residential home lots(individually a"Lot," and collectively the"Lots"), and related <br /> common elements(the"Common Elements"), all being subject to the Declaration of Covenants, <br /> Conditions, and Restrictions of Lakeview(the "Declaration") to be recorded against all of the <br /> real property within the Plat in the office of the Registrar of Titles in and for Hennepin County, <br /> Minnesota. The Community will be administered and operated by Lakeview Owners <br /> Association(the "Association"),a Minnesota nonprofit corporation; <br /> The Grantor, its successors and assigns,hereby covenants and agrees as follows: <br /> 804979.v4 <br />