Special lot combo. agreement-2012

Home Browse Search

WHERCAS, simulfaneously lierewith Longridge is conveying to Craigbank that portion of Parcel A legally described as follows: The South 305 feet of ti�e West 500 feet of Outlot A, MACMILLAN ADDITION, Hennepin County, Mim�esota(Torrens)(herein"Parcel A-South"}; and WHE1t�AS,tl�e South Parccl as above described is corapcised of Parcel A-South and Parcel B; WHER�AS, notwithstandir►g the above it is the intent of Owners and tl�e City that a � Parcel A-South and Parcel B are and shall hencefortli be conlinued in commou ownership by the same person or persons, and fiarlher that Parcel A-South and Parcel B are intended to be used and/or developed in conu»on by Craigbank as they were in fact one parcel instead of two. NOW,THEREFORE, for and ia�consideration of tl�e sum of One Dollar($1.00}and other valuable consideration, Owners hereby covenant, grant, gift,quit claim and convey io the City the right to restrict, a��d Owners hereby agree to restrict, limit and preclude the ownership, use,improvement and development o£the South Parcel according to a��d under ihe conditions and covenants herein contained, as follorvs: 1. The City and Owners agree that the South Parcel shall henceforth be contained in con�nion use and ownership even if recorded as a separate lot or parcel, and that the South Pazcel will not be conveyed, sold, leased or otherwise encumbered except together as if they were a sing(e parcel. 2. The City and Owners agree tl�at tliere is no distinction in use between Parcel A- South and Parcel B and therefore i'arcels A-South and B may be used or developed for any principal use as may be permitted in the zoning district, subject to all performance standards and approvals required therefore. 3. The City shall not issue any building pennits, zoning variances or conditional use permits for any structure or use u�the South Parcel inconsistent with the covenants contained herein. 4. Owners hereby grant to the City the right to enter upon the Soutk�Parccl for the purposes of inspection and enforcement of the covena�ris contained herein, and to cause to be lawfully removed from the Soutl�Parcel, without any liability, any structures, uses, substances and natural or unr►atural materials inconsistent witta the covenants contained herein. 5. In addition to any other remedy tiie City may have, the covenants and restrictions contained herein inay be enforced by injuuction. Any owner who is in possession of the Soutli Parcel,including,witl�out limitation, Craigbanlc, its successvrs and assigns, shali pay to the City all costs and expenses including reasonable attorneys' fees incuned by the City in enforcing the terens of this indenture. 6. The City and Owners agree that tf�e Nonl�Aarcel sl�all hereinafler constitute a si�igle tax parcel.