1986-04-14 Lot Combination Agreement

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r. T 0 wt SPECIAL LOT COMBINATION AGREEMENT This indenture is made and entered into this 14th day of April , 19860 by and between Shaver Corporation of Way za u their heirs, successors and assigns (hereinafter collectively referred to as "Grantor(s)") and the City of Orono, a municipal corporation under the laws f the State of Minesota, its successors and assigns (hereinafter r rred to as "Grantee"). WITNESSETH: WHEREAS, Grantor(s) are the owner(s) of real property in the City of Orono, County of Hennepin, State of Minnesota, legally described as follows (and hereinafter collectively referred to as the "properties"): See Attached Exhibit A (hereinafter described as "Parcel A"); and See Attached Exhibit B (hereinafter described as "Parcel B"); and WHEREAS, Parcel A and Parcel B are physically separated from each other which prevents their being combined into one legally described lot or parcel, and/or for the same or other reason the Hennepin County Assessor can not combine Parcel A and Parcel B into one parcel for tax purposes; and WHEREAS, notwithstanding the above it is the intent of Grantor(s) and Grantee that Parcel A and Parcel B are and shall hence- forth be continued in common ownership by the same person or persons, and further that Parcel A and Parcel B are intended to be used and/or developed in common by Grantor(s) as if they were in fact one parcel instead of two. NOW THEREFORE, for and in consideration of the sum of One Dollar ($1.00) and other valuable consideration, Grantor(s) hereby covenant, grant, gift, quit claim and convey to grantee the right to restrict, and Grantor(s) hereby agree to restrict, limit and preciudc the ownership, use, improvement and dcvelnpment of Parcel A and Parcel B according to and under the conditions and covenants herein contained, as follows: