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(reserved for recording) <br /> DECLARATION OF RESTRICTIVE COVENANTS <br /> THIS DECLARATION OF RESTRICTIVE COVENANTS (the"Declaration"), is <br /> made this day of , ,by the undersigned parties, representing <br /> all of the owners in fee of the land hereinafter described, lying in Hennepin County, Minnesota. <br /> WHEREAS, Frances H. Graham and Robert J. Gumnit are the fee owners of real <br /> property legally described on the attached Exhibit A; and <br /> WHEREAS,property owners have received from the City of Orono Permit No.2008- <br /> 00099 to construct an 2,048 square foot stall barn ("Oversized Accessory Structure"); and <br /> WHEREAS,property owners have received from the City of Orono Permit No. 2008- <br /> 00099 to install a toilet, hand sink, laundry tub,wet bar sink and horse wash stall in the tack <br /> room/wash stall accessory building. <br /> WHEREAS,the undersigned parties desire to impose upon and subject said land to <br /> certain covenants, conditions, restrictions and reservations for the benefit of said land and its <br /> present and future owners; <br /> NOW, THEREFORE,the undersigned parties hereby declare, impose upon, create and <br /> establish the following covenants, conditions and restrictions upon the property: <br /> 1. PROHIBITION ON USES. <br /> A. If the property is subdivided,the Oversized Accessory Structure and principal <br /> structure will be located together within a lot that meets the minimum lot area <br /> requirement for the given size of accessory building unless the City in its subdivision <br /> approval may grant a finite time period in which the Oversized Accessory Structure may <br /> remain without a principal structure, in order that a principal structure may be <br /> constructed. At the end of this time period,the Oversized Accessory Structure must be <br /> removed if no principal structure has been constructed. <br /> 140097 1 <br />