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,, ,' , <br /> 7. The terms and conditions of this i��denture inay be modified, amended or <br /> extinguisl�ed and thereafter the South Parcel may be subdivided, sold separately or reduced in <br /> part only upon application by Craigbanlc, its successors and assigns,to ilie City for approval of a <br /> "Subdivision"in accordance with the subdivision ordinance of the City in effect at the time of <br /> such application. <br /> 8. Owners agree that recording of this indenture siiall not vest any property rights in <br /> the Properiies and that any zoning or development authorities gi•anted herein or hereinafter <br /> because of Ehis indenture shall remain subject to future regulation, rnodi�cation and/or <br /> limitation by the City or other regulatory bodies in accordance witli legally applicable and <br /> enforceable�oning or other ordii�ances of tlie City. � <br /> 9. The City does not intend that the public should have a�ty inlerest in the Properties . <br /> by virtue of this indenture or otherwise, except as hereinabove set forth. <br /> 10. All provisions hereof shall run with the land and shall extend to and bind the <br /> heirs, successors, representatives, grantees or assigns of tlte respective parties hereto. <br /> 11. This indenture may be executed in mulliple counterparts, and each couuterpari; <br /> when fully cxecuted and delivered, shaU conslitute an original instrument, a��d all sucl�muliiple <br /> . counterparts shail constitute bat one and tkze same instrument. <br /> . CITY OF OROlVO <br /> By: � ! �l t,.� <br /> Lili McMillan, Mayor <br /> ATTEST: <br /> . � <br /> � y�„�.�, :� �/.�- <br /> Linda S. Vee, City Clerk <br /> STATE�F MINNESOTA ) � <br /> )ss. <br /> COUNTY OF HENNEPIN ) <br /> The foregoing instrument was acknow]edged before me this J � day of � <br /> J1.tJ'1 � , 20]2, by Lili McMillan and I.inda S. Vee,respectively,the Mayor and City <br /> Clerk of the City ar Orono, Minnesota, a municipal corporation pursuant to thc authority granted <br /> by its City Council. <br /> " MONICAA.FAONESS �Y��� � • <br /> � r , M07ARl'Pl1BLIC-MINNESOTA Notary Public <br /> . :� tiy Co�ion Explres Jan.31,2011 <br />