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EXHIBIT <br />1 <br />Lot 1, "Wallace's Addition to the Village of Minnetonka Beach." ALSO: That part of <br />Government Lot 6, Section 17, Township 117 North, Range 23, West of the 5th Principa.1 <br />Meridian, described as follows: Beginning at the most Southerly comer of Lot 7, <br />"Hallckce's Addition to the Village of Minnetonka Beach"; thence on eui assumed bearing <br />of North 54 degrees East edong the Southeeisterly line of said Lot 7 to the most <br />Easterly comer of said Lot 7; thence South 29 degrees East a distance of 16.67 feet; <br />thence South 50 degrees West to an intersection with a line bearing South 29 degrees <br />East through the point of beginning; thence North 29 degrees West to the point of <br />beginning. <br />I <br />I • <br />I