10-08-1990 Council Packet - Laserfiche WebLink

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/a EASEMENT AGREEMENT cox Brothers Fsrm, a Minnesota general < J|®"^®'tionthe City of Orono. Minnesota, a Minnesota municipal corporation (-City^). RECITALS: A. Developer owns a vendee’s interest in that certain real property legally deacrib-d on Exhibit ”A- attached hereto (the “Property"). B. The property is subject to the provisions of . certain Contract For Deed between Developer, as vendee, and Lender, as vendor, dated _ __ _ _ _ _ _. 1990, and recorded on 1990, as Document No. in and for Hennepin County, Minnesota. in the Office of the County Recorder C. T!ie Property is also subject to those matters set forth on Exhibit "D’’ attached hereto ("Existing Easements"). D. Developer and Lander are sometin.es collectively referred to hereinafter as the -Grantors." E. City desires to obtain from Grantors an easement for bikepath and other recreational purposes over that Property legally described on Exhibit "C” attached hereto (the -EaLmeit A?ea") and Grantors are willing to grant such easement upon the terms and conditions hereof. AGREEMENTS: NOW, THEREFORE, for One and No/100 Dollars JJJ® receipt and sufficiency of which is consideration of the foregoing Recitals and the _ conditions hereinsftst set forth, and for other fo^Sorel as consideration, the parties hereto hereby covenant ai-d agree follows: 1. incorporation of Recitals. The foregoing Recitals are hereby incorporated, by reference thereto, into Agreement as though the same had been fully set forth herein. 2. Grant of Easement. Subject to cl^im Aarcement, Grantors hereby grant, bargain, sell, gift, quit claim and convey to City a non-exclusive easement for purposes of cSnstrCcK maintaining, and public use of a bikepath |^P°" and throuqli the t:a.-^^ment Area, together with ingress, egress and access thLeto over, upon and througi» the Easement Area (the “Easement").