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STATE OF MINNESOTA ) <br />COUNTY OF <br />)ss. <br />COVENANT OF nmrr atihn <br />The undersigned, Orono Limited Pannership, a Minnesota Limited Pannership and <br />Coffin Corners Pannership, a Minnesota Pannership now stipulates to the following <br />statement of facts; and the undersigned ainher agrees to restrict the use and title of the <br />realty described in Exhibit A to this document (hereinafter referred to as Exhibit A) in <br />accordance with the terms and conditions set fonh herein. <br />STIPULATIONS OF F^PT <br />>• <br />I Tiui the undersigned Orono Limited Pannership is the applicant for a Corps <br />ot Eng,nee.-s permit number 9-1.02434 NW JJY. 33 CFR 330 - App. A. Natiomvide permit <br />numoer (.6) to develop wetland; and that the U. S. Army Corps of Engineers has <br />regulator junsoictton of said wetland pursuant to Section 404 of the Clean Water Act (33 <br />use lj44j. ^ <br />Coffin Comers Pannership is the Contract for Deed <br />enaor or Lots I - 6 inclusive. Block 3, and Lots 1 - 4 inclusive, Block 4, Old Crystal <br />Bay Roaa Second Addition. Hennepin County, MN and the undersigned Orono Limited <br />Pannersnip is the owner in fee of the real estate described as Lots I - 5 inclusive, Block 1 <br />and Lots 1 - 6 inclusive. Block 2, Old Crystal Bay Road Second Addition’Hennepin <br />Coumv. MN and IS the Contract for Deed purchaser of Lots I - 6 inclusive, Block 3 and <br />ots 1 - -i. inclusive. Block 4 Old Crystal Bay Road Second Addition, Hennepin County, <br />.vliN <br />That a ppnion of the real estate described above is a wetland under the <br />reguiato.T junsdiction of the St. Paul District of the U. S. Army Corps of Engineers <br />pursuant to Section 404 of the Clean Water Act. <br />4 That the undersigned applicant and the St. Paul District of the U. S. Army <br />Corps or Engineers have reached an agreement whereby the undersigned applicant will be <br />permitted to develop a ponion of the wetland in accordance with the terms and conditions <br />of Corps or Engineers Permit number 94-02434 NW JJY, 33 CFR 330 - App A <br />Nationwide permit number (26), and, that in consideration for the permittee to develop the <br />wetland, the undersigned will mitigate the adverse environmental effects resulting from the <br />development by dedicating the easements as defined in the attached Exhibit A for perpetual <br />use as a conservancy area in accordance with the terms and conditions of this document <br />and the above mentioned permit. <br />PCiUe ' )r’a