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A) No future subdivision of the Subject Property will be approved that places the <br />OAS within a lot that has no principal structure. <br />B) Should Applicant wish to subdivide the Subject Property, the OAS may remain <br />without a principal structure for a period to be determined by the Orono City <br />Council. If no principal structure is fully constructed and completed on the <br />property by the end of the determined period, the OAS must be removed. <br />C) Should Applicant subdivide the Subject Property, the OAS and the principal <br />structure shall be located within the same lot, which meets the minimum lot area <br />requirement based upon the size of the accessory building, which lot area <br />requirement is detailed in Section 10.03, Subdivision 9 (C)(2) of the Orono <br />Municipal Code. Setback requirements as defined in Section 10.03, Subdivision <br />9 (C)(a) shall also apply. <br />3. This Covenant shall be binding upon current and future owners of Subject Property, and <br />shall be filed within the chain of title of the Subject Property. <br />4. Fee owner(s) of the Subject Property, if not the Applicant, consent to the execution of <br />this Covenant and to its terms, as shown by his/her/their signature(s) upon this <br />document. <br />ACKNOWLEDGEMENT <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF HENNEPIN ) <br />CITY OF ORONO: <br />By: ___________ _ <br />Its Mayor <br />By: _____________ _ <br />Its City Clerk <br />The foregoing instrument was acknowledged before me this ___ day of <br />__________ , 20 __ , by _______________ and <br />_______________ , the ______________ and <br />___________ of the City of Orono on behalf of the municipal corporation. <br />Notary Public <br />Page 2 of 3