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B) Should Applicant wish to subdivide the Subject Property, the OAS may remain <br /> without a principal structure for a period to be determined by the Orono City <br /> Council. If no principal structure is fully constructed and completed on the <br /> property by the end of the determined period, the OAS must be removed. <br /> C) Should Applicant subdivide the Subject Property, the OAS and the principal <br /> structure shall be located within the same lot, which meets the minimum lot area <br /> requirement based upon the size of the accessory building, which lot area <br /> requirement is detailed in Section 10.03, Subdivision 9 (C)(2) of the Orono <br /> Municipal Code. Setback requirements as defined in Section 10.03, Subdivision <br /> 9 (C)(a) shall also apply. <br /> 3. This Covenant shall be binding upon current and future owners of Subject Property, and <br /> shall be filed within the chain of title of the Subject Property. <br /> 4. Fee owner(s) of the Subject Property, if not the Applicant, consent to the execution of <br /> this Covenant and to its terms, as shown by her signatures upon this document. <br /> CITY F ORONO: _ <br /> 6;45% <br /> By: <br /> Its Mayor <br /> By: -- <br /> Its City Clerk <br /> ACKNOWLEDGEMENT <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> The foregoing instrument was acknowledged before me on this 26th day of November, <br /> 2001 by Barbara A. Peterson, Mayor of the City of Orono, a Minnesota municipal corporation <br /> and said ins u. i•- • . • • behalf of the City. <br /> / <br /> JACKIE YOUNG Vr, NOTARY PUBLIC-MINNESOTA <br /> f (JU;i., <br /> My Commission Expires Jan.31,2005 �' <br /> NotaryP ll(i <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> The foregoing instrument was acknowledged before me on this C/L *1' day of <br /> �6u-cm]er , 200 by Linda S. Vee, City Clerk of the City of Orono, a <br /> Minnesota municipal corporation and said instrument was ecuted on behalf of the City. <br /> `- .111./J- -�l./^.✓r✓!_/!!_l_/_l./I!_/!J!!!_ /r/ - <br /> V <br /> "(tr. JACKIE YOUNG ti <br /> ' NOTARY PUBLIC-MINNESOTA Notary Public <br /> ` + My Commission Expires Jan.31,2005 // <br /> ✓llllIllll�I!-�lrl./I✓ly/.!_./!,/„fS Page 2 of//3 <br />