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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 /> CITY OF ORONO: <br /> By: <br /> Its Mayor <br /> By: .,� �/� <br /> Its City Clerk <br /> ACKNOWLEDGEMENT <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> h <br /> The foregoing instrument was acknowledged before me on this� day o�1��, 2002 <br /> by Barbara A. Peterson, Mayor of the City of Orono, a Minnesota municipal corporation and <br /> said instrument was executed on behalf of the City. <br /> . � v--�_ <br /> LINDA S.VEE Notary Public <br /> �_��- NOTARY PUBLIC•MINNESOTA <br /> `�'�' My Commissan Expires Jan.3t,2005 <br /> Page 2 of 5 <br />