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1. Submission; Statement as to Type of Common Interest Community. Declarant <br /> hereby submits the Property to the requirements and provisions of the Act. The common <br /> interest community being established hereby is a condominium. ' <br /> 2. Name of Common Interest Community.The Property shall hereafter be known as <br /> "LAKE MINNETONKA MEADOWS, Common Interest Community Number 2035, a <br /> condominium located in Hennepin County, Minnesota Condominium". <br /> 3. Division of Property into Separate Estates in Fee Simple Absolute. Declarant, in <br /> accordance with the requirements and provisions of the Act and in order to establish a <br /> plan of common interest ownership for the Condominium, does hereby divide the <br /> Property comprising the same into 2 residential condominium units (each one of which is <br /> herein called "Residential Unit"). Wherever the term "unit" is used herein, it shall be <br /> deemed to mean Residential Units. Each unit is a separately designated and legally <br /> described estate in fee simple absolute and consists of not only the unit but also its <br /> undivided interest in the common elements in the percentage ascribed to it in Exhibit "A" <br /> attached hereto and made a part hereof. <br /> 4. County in which Condominium Is Situated. The Condominium is situated in Hennepin <br /> County, Minnesota. <br /> 5. Legal Description of Real Estate Included in Condominium, i.e.,the Property. The <br /> legal description of the Property is as set forth in the first recital on the first page hereof. <br /> 6. Description of Boundaries of Unit. Each Residential Unit is bounded by its ceiling, <br /> floor and walls and the treads and risers of any interior staircases. There are no Units <br /> other than Residential Units. <br /> 7. CIC Ptat.The CIC Plat meeting the requirements of Section S 15B.2-1101 of the Act, <br /> prepared by James H. Parker, a Licensed Land Engineer, Minnesota License No. 9235, is <br /> incorporated herein by reference and made a part hereof. The CIC Plat is being filed in <br /> the office of the Hennepin County Recorder as part of this Declaration. <br /> 8. Allocation of Common Elemeat Interest, Votes, and Common Expense and Parking <br /> Area Expense Liabilities to Units; Description of Unit Identifiers.The percentage of <br /> the undivided interest in the common elements, comrnon expense liabilities, and votes in <br /> the Association allocated to each unit is as set forth in Exhibit "A" and the approximate <br /> square footage of each unit. The basis for the allocation with respect to the percentage of <br /> undivided interest in the common elements and the percentage of vote in the affairs of the <br /> Association shall be the approximate square footage of each unit as compared to the total <br /> of the allocation with respect to the percentage of common expense liabilities shall be the <br /> approximate square footage of each Residential Unit as compared to the total of the <br /> approximate square footages of all the Residential Units in the Condominium. <br /> 9. Bylaws. A true and conect copy of the Bylaws of the Association, as adopted by the first <br />