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FROM <br />: ^ <br />►! <br />(FRI) 6.25*99 :5:47/ST. 13:43A0. 3700000C72 P 4- <br />June 24, 1999 <br />City of Orooo <br />rOBoxOC . <br />Crystal Bay, MN SS323-0066 <br />Snrinp Hill finlf Huh <br />Ocotlemcn and Ladies: <br />The Trail Agreement was attached as Exhibit D to the CoDditional Use Permit granted to <br />SpriQg Hill Golf Club by the City of Orooo in June of 1997. <br />Keoently most elements of the Tnil Agreement have been placed in a Trail Easemeet <br />Agreement which will ba filed in the Hennepin County records. <br />^ One elenent of die Trail Agreement which is not covered in the Trail Easement <br />Agreemeat is Spring Hurt agreement to transfer to the City ofOrono mhigatioD ertdiu resulting fiom <br />the ooostiuction of the golf course In Dr:^no. <br />In consideration of the granting of the Conditional Use Permit the other permita <br />required to open the golf course for operations. Spring Hill Golf Club hereby agrees: <br />1, To transfer to the City of Orono two-thirds of the excess wetland mitigation <br />credits rewlting from dra eonstiuction of tiie golfcoune which credits will be utilised by the City <br />for tiie trait system and, to tiie extent any remain, be available to the City. <br />2. To retain in Spring Hill Golf Club tiie remaiiUDg mitigation ci^its for poesible <br />foture modificatieiis of tiie golf course, subject to applicable laws and government approvals. <br />3.Not to sell or otherwise transfer such retained credits firom the golf coune she. <br />The actual colcul^ons of tiie excess wetland mitigation credits and the formal transfor * <br />will tdee plaee promptly. <br />Vcr>- truly youri. <br />Its: <br />TMC/efo <br />MSiiTsaei <br />. ' <br />•i <br />. • <br />: <br />•*: <br />■V <br />•J <br />a <br />•!■ <br />; \ <br />•I <br />.•I <br />' 1 <br />■i <br />a • ^ <br />.'.Ltak 9l,A i-.•Vr..