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ASSIGNMENT OF SEWER & WATER UNITS <br /> October 30, 1998 <br /> SIDNEY B. REBERS and BARBARA REBERS, husband and wife, as the owners of <br /> Outlot F, Sugar Woods, except that part designated as Parcel 242A on Minnesota Department of <br /> Transportation Right-of-Way Plat No. 27-56, hereby assign to Green Valley Associates, Inc., a <br /> Minnesota corporation, as the owner of Outlot E, Sugar Woods, except that part shown as Parcel <br /> 342A on Minnesota Department of Transportation Right-of-Way Plat No. 27-70, three sewer and <br /> water units issued by the City of Orono. <br /> Mr. and Mrs. Rebers are assigning one sewer and water unit as part of the purchase price <br /> for said portion of Outlot E. They are assigning the other two sewer and water units for the <br /> following consideration: Green Valley Associates, Inc. shall reimburse Mr. &Mrs. Rebers <br /> $5,553.67 per unit for the corresponding special assessments they have already paid through <br /> 1998; and Green Valley Associates, Inc. shall assume and agree to pay the future installments of <br /> the corresponding special assessments in the principal amount of$2,179.36 per unit. (This would <br /> be$2,601.57 per unit of principal and interest if paid over the remaining four years of the <br /> assessment.) Mr. &Mrs. Rebers hereby give Green Valley Associates the option to purchase one <br /> more sewer and water unit on the same terms and conditions. <br /> Green Valley Associates, Inc. hereby accepts the foregoing assignment on the terms stated <br /> above. <br /> The parties agree to cooperate in doing whatever else is necessary to cause the City of <br /> Orono to transfer four sewer and water units from Outlot F to Outlot E as described above. <br /> GREEN VALLEY ASSOCIATES, INC. <br /> �idne ' ebers (;J an 40 Bredeson, President <br /> i <br /> Barbara Rebers <br /> STATE OF MINNESOTA <br /> ss.: <br /> COUNTY OF HENNEPIN <br /> The foregoing instrument was acknowledged before me thi clay of October, 1998, by Sidney B. <br /> Rebers and Barbara Rebers,husband and wife. <br /> NOTARIAL STAMP OR SEAL(OR OTHER TITLE OR RANK) <br /> ('ne.yyy�ppnn^/�nnw^n""nnn�nnnnnnn7� <br /> D. PU <br /> R. SJOSTROM <br /> NUTARY OLIC—MINNESOTA SIGNATURE O E ON TAKING ACKNOWLEDGMENT <br /> HENNEPIN COUNTY <br /> My Comm.Expires Jan.31.2000 <br /> STATE OF MINNESOTA <br /> ss.. <br /> COUNTY OF HENNEPIN p <br /> The foregoing instrument was acknowledged before me this day of October, 1998, by Jean Mork <br /> Bredeson, President of Green Valley Associates, Inc., a Minnesota corporatio on behalf of the <br /> corporation. <br /> NOTARIAL STAMP OR SEAL(OR OTHER TITLE OR RANK) <br /> D. <br /> R. SJOSTRUM <br /> D <br /> r,^"^^"�r"" inn.^"nn""�•rl� SIONATU PERSON TAKING ACKNOWLEDGMENT <br /> U. H. <br /> *' NUTARY PUBLIC—MINNESOTA <br /> ' i+ F{ENNEPIN COUNTY <br /> . My Comm.Expires Jan.31.2000 <br /> J <br /> THIS INSTRUMENT WAS DRAFTED BY: <br /> LEONARD,STREET AND DEINARD P.A.(MvIM) <br /> 150 South Fifth Street,Suite 2300 <br /> Minneapolis,MN 55402 <br />