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HomeMy WebLinkAboutRecorded Documents 1-14-2008 67 33 10 T 43o s-450 O� � CAMPBELL KNU SON 21,6 t-z-110ra Professional Association WQYZ4kk- 6V4, January 10, 2008 RECEIVED JAN '14 2008 Thomas J. Campbell CITY OF ORONO Roger N.Knutson City of Orono Thomas M.Scott Attn: Evelyn Turner Elliott B.Knetsch P.O. Box 66 Joel J.Jamnik Crystal Bay, MN 55323-0066 Andrea McDowell Poehler Soren M. Mattick Re: Recorded Documents—Crystal Bay Business Center John F.Kelly Henry A.Schaeffer, III Alina Schwartz Dear Evelyn: Samuel J.Edmunds Marguerite M. McCarron Enclosed please find the following original recorded documents returned from Hennepin County: 1. Resolution No. 5693 recorded in abstract records on December 27, 2007 as document number 9079455; 2. Consent to Plat recorded in abstract records on December 27, 2007 as document number 9079457.; 3. Development Agreement recorded in abstract records on December 27, 2007 as document number 9079458; 4. Resolution No. 5693 recorded in torrens records on December 27, 2007 as document number 4457473; 5. Consent to Plat recorded in torrens records on December 27, 2007 as document number 4457475; 6. Development Agreement recorded in torrens records on December 27, 2007 as document number 4457476; 7. Plat certification indicating the plat of Crystal Bay Business Center was recorded on December 27, 2007 in abstract records as document number 9079456 and in torrens records as document number 4457474; and 8. A copy of the new Certificate of Title No. 1216826. If you have any questions please give me a call at(651) 234-6212. Very truly yours, CAMPBELL KNUTSON Professional Association 1380 Corporate Center Curve Suite 317• Eagan,MN 55121 7 651-452-5000 Fax 651-452-5550 /jmo J M. Olson, Legal Assistant www.ek-law.com Enclosures Cc: Ryan Companies,Attn: Judy Hermanson, w/encl. 136390 Certificate of Title Certificate Number: 1216826 Document Number: 4457474 Transfer From Certificate Number: 1191597 Originally registered the 21st day of September, 1959. Book: 1012 Page: 306577 Dist. Court No.: 14304 State of Minnesota REGISTRATION County of Hennepin S.S. This is to certify that Ryan Companies US, Inc., a Minnesota corporation, whose address is 50 South Tenth Street Suite 300, Minneapolis, Minnesota, 55403 is now the owner of an estate in fee simple of and in the following described land situated in the Cain`t�`+ ' e a drinesota, f"ti r P Lot 1, Block 1 and Lots 1 and 2, Block 2,,d d i .at4-�16�k.1, alB.Addition; and . withi Lot 3, Block 2, except that part of the l5ast et-t.. f�lie NorRt4 nd=Easterly of the following described line: Beginning at the Southeast corrrer `f�ieH. lf�f the-SaatFi. of tlhe Northeast Quarter of Section 33, Township 118, Range 23; thenceaV ofI ast line therecl`, r9# Rich is the point of beginning of the line to be described; thence deflecvn8 le rees 20 minutes 0.iA titian with the West line of the East 128 feet of said West Half of the Sotithwet X00 Northe s hence North along said West line to the North line of said West Half of th outhw _ qd saic ne there terminating, all in Crystal Bay Business Cente H Subject to the interests shown by the following memo h -e mbrences SqM forth in Minnesota statutes chapter 508,namely: 1. Liens,claims,or rights arising underlhe lawspo. tkn"a itutiotLo_ States,whfc statutes of this state cannot require to appear of record; �`.+ 2. Any real property tax or special assess mn 3. Any lease for a period not exceeding three yeq pen' 4s-af un#t.occup o�tfi prerrSftei under the lease; 4. All rights in public highways upon the land,{ ' ;=',, •�*� 5. Such right of appeal or right to appear and ognts jZplotion as is aiflo'vY ' 6. The rights of any person in possession under cle'ec),o ohm d ' t nerof the certificate of title; 7. Any outstanding mechanics lien rights which rn44:ieist urn er�l en'0 'ss s sei?trohs 514.01 to 514.17. MEMORIALS Document Document Date of Registration Number Type Month Day,Year Time Amount($) Running in Favor of 3704649 Right of Way Plat Mar 20,2003 09:00 AM Minnesota Department of Transportation Right of Way Plat No.27-129, Parcel No.21. Temporary easement to expire December 1,2008.(See Inst)(Now as to Lot 1 Block 1 4138099 Easement Jul 20,2005 11:00 AM City of Orono. Granting an easement for utility purposes now over part f Lot 3 Block 2. See Inst 4215102 Final Certificate Jan 20,2006 10:00 AM State of Minnesota. For highway purposes to expire December 1,2008. See Inst Parcel No 21. Now as to Lot 1 Block 1 4316671 Mortgage Oct 16,2006 03:00 PM 5,600,000.00 M&I Marshall&Ilsley Bank(a WI corp) City of Minnea olis,State of Minnesota 4322667 Conditional Use Oct 31,2006 09:00 AM Resolution No 5505 Permit By the City Council of the City of Orono. Granting a conditional use ermit See Inst 4457475 Consent Dec 27,2007 04:30 PM &I Marshall&Ilsley Bank consents to plat. 4457476 Agreement Dec 27,2007 04:30 PM Between City of Orono and Ryan Companies US,Inc.(a MN corp). 113roviding for the development of above land. See Inst Page 1 of 2 ATS Indexes verified through December 28, 2007 IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the seal of my office this 27th day of December, 2007. MICHAEL H. CUNNIFF Registrar of Titles, In and for the County of Hennepin and State of Minnesota. Awl r' Certificate Number: 1216826.0 Page 2 of 2 Doc No 4457474 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 364296 Deputy 26 New cert Cert Fees 12168201st 1191597 $1.50 AF $40.00 EXCHFEE $10.50 STATEFEE $44.00 TPLATFEE $0.00 TSUR $96.00 Total CRYSTAL BAY BUSINESS CENTER THIS PLAT HAS BEEN RECORDED IN BOTH THE ABSTRACT AND TORRENS REAL ESTATE RECORDS See above for Torrens document number. Abstract Document No. 9079456 09224 Ctf Number: 1191597 Owner: Ryan Companies US, Inc. (a MN corp) Date of plat: December 13, 2007 Plat embraces all of above and unregistered land. Above land now described as: Lot 1, Block 1, and Lots 1 and 2, Block 2, said Addition, embraced within Lot 4, Block 1, Van Dale Addition; and Lot 3, Block 2, said Addition, except that part of the East 128 feet thereof which lies Northerly and Easterly of the following described line: Beginning at the Southeast corner of the West Half of the Southwest Quarter of the Northeast Quarter of Section 33, Township 118, Range 23; thence North along the East line thereof 1074.9 feet, which is the point of beginning of the line to be described; thence deflecting to the left 89 degrees 20 minutes to an interesection with the West line of the East 128 feet of said West Half of the Southwest Quarter of the Northeast Quarter; thence North along said West line to the North line of said West Half of the Southwest Quarter of the Northeast Quarter and said line there terminating. ksUJO)e c�' -- d� cue eta u .Q ` �¢ ase a S 4 k , Doc No 4457473 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 364296 Deputy 26 New cert Cert Fees 1191597 $1.50 AF $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $46.00 Total Doc No 9079455 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the County Recorder Hennepin County, Minnesota Michael H. Cunniff, County Recorder TranslD 364295 Deputy 26 Fees $35.50 DOC $10.50 SUR $10.00 CCD $56.00 Total STATE OF MINNESOTA,COUNTY OF HENNEPIN NtY RFS Certified to be a true and correct�of the v .......... original on file and of record in my office VO•• acou.eo��.• O DEC '8 2007 z MIS K NNIFF,COUNTY RECORDER ti •'•• :�•�� u� ��itiCou��. TRANSFER ENTERED HENNEPIN COUNTY TAXPAYER SERVICES DEC 2,7 2007 H iP! i7Y RMNN. 8Y , s Resolution No. 5693 A RESOLUTION APPROVING THE PLAT OF CRYSTAL BAY BUSINESS CENTER FILE #07-3310 o _ o CITY of ORONO ti ti RESOLUTION OF THE CITY COUNCIL NO. 5 6 9 A RESOLUTION APPROVING THE PLAT OF CRYSTAL BAY BUSINESS CENTER FILE NO, 07-3310 WHEREAS, the City of Orono is a municipal corporation organized and existing under the laws of the State of Minnesota; and WHEREAS, the City Council of the City of Orono (hereinafter "City Council") . has adopted subdivision and land development regulations for the orderly, economic and safe development of land within the City; and ' WHEREAS, the City Council has considered the application by Ryan Companies US, Inc. (a Minnesota corporation), hereinafter the "Subdivider", for subdivision of property located at 430/456 Old Crystal Bay Road North and 2725/2765 Wayzata Boulevard and legally described as Lots 1, 2, 3 and 4 Block 1 Van Dale Addition, Hennepin County, Minnesota (hereinafter"the Property"); and WHEREAS,on September 11,2006 the City Council adopted Resolution No.5504 granting Preliminary Plat Approval for the proposed development of a four lot plat for industrial purposes; and WHEREAS,on September 10,2007 the City Council adopted Resolution No.5654 extending the Preliminary Plat Approval for one year; and WHEREAS., the Subdivider has completed some of the requirements of the platting regulations of the City including: 1. Dedication on the plat of Orono Industrial Boulevard, perimeter Drainage and Utility Easements, and Utility Easements for existing water main. 2. Payment to the City of final plat review fees and legal review and filing fees. 3. Providing the City a title opinion for the Property and certified copies of all recorded easements currently affecting the Property. Page 1 of 3 O CITY of ORONO ti ti RESOLUTION OF THE CITY COUNCIL L�kESI30 NO. 5 6 9 3 4. Obtaining a stormwater plan approval and permit from the Minnehaha Creek Watershed District. WHEREAS, the Subdivider has agreed to complete all other requirements of the platting regulations of the City including: 1. Entering into the Development Agreement. 2. Providing securities for the Public and Private improvements as called for in the Development Agreement. 3. Completion of all platting requirements and those of Resolution No. 5504. 4. Payment of a Park dedication Fee of$60,000.00. . 5. Payment of a Storm water and drainage trunk fee of$128,100.00 NOW, THEREFORE, BE IT RESOLVED that based on the findings of Resolution No. 5504, the City Council of the City of Orono does hereby approve the plat of Crystal Bay Business Center, Hennepin County, Minnesota, a copy of which is attached as Exhibit A, subject to the following conditions: 1. The City Clerk shall release the plat documents for filing only upon certification by the City Attorney, Planning and Zoning Coordinator and City Engineer that all requirements of the platting regulations have been satisfied. 2. The aforesaid plat shall be filed with Hennepin County on or before May 1, 2008, together with a certified original copy of this resolution and executed copies of the easements and covenants pertinent thereto. The approval granted by this Resolution shall expire if the conditions of this Resolution have not been met or the plat has not been filed by the date specified above. In that event, it will be necessary to file a new application with the City of Orono for subdivision review. Adopted by the City Council of Orono this 26th day of November, 2007. Page 2 of 3 V CITY of ORONO ti RESOLUTION OF THE CITY COUNCIL s D NO. _ P 0 7 ATTEST: Linda S. Vee, City Clerk 1631S M. White, Mayor Page 3 of 3 C yJ2 C LAI F€=$ a r r d;ts , a LU r ESsg Iju6 E g Z5° Jil- W R 2 I'1 =i� 9 � 'n ggic 0 NP via b = $3 a S 41 Lu • r� v/ m Qw1A1 lit _ s B# q baa °39 t k� •uzId s 3 % �I =a } �w- a a s 8 %fill. _ all t all as ig-1 -'14; I ]., !.- pi-Q, I NO Ili 21 � i fill Y !: e E ,opt 4 ' isjail :5111 '11% asarlb 3 13 012,18 1 _. d s ` m W ��., c:.:-:.c :}r.; _ .: ••.•qyg:. 'oG -..moi.. :i :W.----- NOIld30X3r'd- NOIld30X3a'tc•ail i 2 ---------- ---------- C ______C K a I I I I I I IF� I I 11 �jj I I I 9t 1 W1 r---------- ------ ------------------ z ------------ �1 5 - i UUVATMoal TassnaRT ONOUO W - . ---------- 11 E U � � ` • • � � ,8 � gll rn All I I I I in I � �jai W --------------------------- ---------- I I 53 a° I N 1 aI 1 11 r ------------- 1 i � I Q IJ I i i '� i I :'Fl I i it i I , I I I l i I I --------- -- L �' I I \,- �I_TI Ct, .1 I �° 1'�N ~I I - ..... ..:::..... I W 2 -r, S �i I L--�---- 1 . i � 1tt] ��$ I a W =•� I r•—a%S}--r _ I L------- Lul olm.� STATE OF MINNESOTA ) ss COUNTY OF HENNEPIN ) The undersigned, being duly qualified and appointed City Clerk of the City of Orono, Minnesota, certifies that I compared the foregoing resolution adopted at the meeting of the Orono City Council on November 26, 2007,with the original thereof on file in my office, and the same is a correct transcription thereof. WITNESS my hand officially as such City Clerk and the Corporate seal of the City this 3rd day of December , 2007. ti �L City Clerk (seal) w f' Doc No 9079455 12/27/200, '04:30 PM Certified filed and or record on above date: Office of the Couni on Hennepin County, Minnesota Michael H. Cunniff, County Recorder TranslD 364295 Deputy 26 Fees $35.50 DOC $10.50 SUR $10.00 CCD $56.00 Total TRANSFER EN T ER;ED Cc - fu HENNEPIN COUNTY TAXPAYER SERVICES DEC 2 2007 Fi IN E�NN. 81f Y Resolution No. 5693 A RESOLUTION APPROVING THE PLAT OF CRYSTAL BAY BUSINESS CENTER FILE#07-3310 0 0 CITY of ORONO ti G� RESOLUTION OF THE CITY COUNCIL S1<I04� N0. 6 9 J A RESOLUTION APPROVING THE PLAT OF CRYSTAL BAY BUSINESS CENTER FILE NO. 07-3310 WHEREAS, the City of Orono is a municipal corporation organized and existing under the laws of the State of Minnesota; and WHEREAS, the City Council of the City of Orono (hereinafter "City Council") has adopted subdivision and land development regulations for the orderly, economic and safe development of land within the City; and WHEREAS, the City Council has considered the application by Ryan Companies US, Inc. (a Minnesota corporation), hereinafter the "Subdivider", for subdivision of property located at 430/450 Old Crystal Bay Road North and 2725/2765 Wayzata Boulevard and legally described as Lots 1, 2, 3 and 4 Block 1 Van Dale Addition, Hennepin County, Minnesota (hereinafter-"the Property"), and WHEREAS,on September 11,2006 the City Council adopted Resolution No.5504 granting Preliminary Plat Approval for the proposed development of a four lot plat for industrial purposes; and WHEREAS,on September 10,2007 the City Council adopted Resolution No.5654 extending the Preliminary Plat Approval for one year; and WHEREAS, the Subdivider has completed some of the requirements of the platting regulations of the City including: 1. Dedication on the plat of Orono Industrial Boulevard, perimeter Drainage and Utility Easements, and Utility Easements for existing water main. 2. Payment to the City of final plat review fees and legal review and filing fees. 3. Providing the City a title opinion for the Property and certified copies of all recorded easements currently affecting the Property. Page 1 of 3 0 0 CITY of ORONO ti ti RESOLUTION OF THE CITY COUNCIL ��9kES�I04�G NO. 5 6 9 4. Obtaining a stormwater plan approval and permit from the Minnehaha Creek Watershed District. WHEREAS, the Subdivider has agreed to complete all other requirements of the platting regulations of the City including: 1. Entering into the Development Agreement. 2. Providing securities for the Public and Private improvements as called for in the Development Agreement. 3. Completion of all platting requirements and those of Resolution No. 5504. 4. Payment of a Park dedication Fee of$60,000.00. 5. Payment of a Storm water and drainage trunk fee of$128,100.00 NOW, THEREFORE, BE IT RESOLVED that based on the findings of Resolution No. 5504, the City Council of the City of Orono does hereby approve the plat of Crystal Bay Business Center, Hennepin County, Minnesota, a copy of which is attached as Exhibit A, subject to the following conditions: 1. The City Clerk shall release the plat documents for filing only upon certification by the City Attorney, Planning and Zoning Coordinator and City Engineer that all requirements of the platting regulations have been satisfied. 2. The aforesaid plat shall be filed with Hennepin County on or before May 1, 2008, together with a certified original copy of this resolution and executed copies of the easements and covenants pertinent thereto. The approval granted by this Resolution shall expire if the conditions of this Resolution have not been met or the plat has not been filed by the date specified above. In that event, it will be necessary to file a new application with the City of Orono for subdivision review. Adopted by the City Council of Orono this 26th day of November, 2007. Page 2of3 o,�,. 0 0 CITY of ORONO ti RESOLUTION OF THE CITY COUNCIL `9kESS�� NO. 5 L Ca z ATTEST: Linda S. Vee, City Clerk J, s M. White, Mayor Page 3 of 3 CRYSTAL BAY- BUSINESS CENTER R.T. DOC. C.R. 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"1@,."Sd'i..fil.""' -� L ps t r A = I1 0�se i ra fa r 1 4 RLK 1 C. ———————J SF SET 7 CT 22 SHEETS STATE OF MINNESOTA ) ss COUNTY OF HENNEPIN ) The undersigned, being duly qualified and appointed City Clerk of the City of Orono, Minnesota, certifies that I compared the foregoing resolution adopted at the meeting of the Orono City Council on November 26, 2007,with the original thereof on file in my office, and the same is a correct transcription thereof. WITNESS my hand officially as such City Clerk and the Corporate seal of the CLty.this 3rd day of December , 2007. City Clerk t Doc No 4457475 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 364296 Deputy 26 New cert Cert Fees 1216826 $1.50 AF $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $46.00 Total CONSENT TO PLAT The undersigned, a national banking association, owner of that certain Mortgage and Security Agreement and Fixture Financing Statement dated August 16, 2006 ("Mortgage"), executed by Ryan Companies US, Inc., as Mortgagor, in favor of M&I Marshall &Ilsley Bank, a Wisconsin state banking corporation, as Mortgagee, and filed for record in the office of the Registrar of Titles in and for Hennepin County,Minnesota on October 16, 2006, as Document No. 4316671 and filed October 16, 2006, in the office of the County Recorder of Hennepin County, Minnesota as Document No. 8878208, does hereby for itself, its successors and assigns, consent to the Crystal Bay Business Center Dated �L , 2007 M&I Mars 11 &Ilsley Bank By Its By �- Its STATE OF )ss. COUNTY OF JYJADMKI ) The foregoing instrument was acknowledged before me-this day of , 2007,by , the nth.V(U- of M&I Marshall & , a Illsley B Wisconsinstate banking corporation, on be f of e association. Notary Public This instrument was drafted by: Ryan Companies US, Inc. 50 South Tenth Street �1 Suite 300 Minneapolis, Minnesota 55403-2012 SM3 NUSM C:\DOCUME-1\29403.M9\LOCALS-1\Temp\notes6030C8\CONSPLAT.DOC/2 Doc No 4457476 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the Registrar of Titles Hennepin County, Minnesota Michael H. Cunniff, Registrar of Titles TranslD 364296 Deputy 26 New cert Cert Fees 1216826 $1.50 AF $10.50 STATEFEE $34.00 TDOCFEE $0.00 TSUR $46.00 Total (reserved for recording information) DEVELOPMENT AGREEMENT CRYSTAL BAYBUSINESS CENTER DEVELOPMENT AGREEMENT ("Agreement") dated December 5 , 2007, by and between the CITY OF ORONO, a Minnesota municipal corporation ("City"), and RYAN COMPANIES US, INC., a Minnesota Corporation (the"Developer"). DEFINITIONS "Building Permit Approval" means City review and approval of plans for the construction of Improvements for individual Lots. "Commercial Site Plan Approval" means the September 11, 2006 City review and approval of proposed Improvements for each individual Lot within the Plat. "Development" means the construction, remodeling, or replacement of up to 4 structures, each on separate lots within the Plat. "Development Stage Approval" means review and approval of plans and this Agreement by the City prior to construction of the Improvements. 132281 v1 - 1 - "Highway 12"means the new expressway on the South side of the Plat. "Improvements"means the Private Improvements and the Public Improvements. "Lot"means a lot defined within the Plat. "Plans" means the series of plans and specifications set forth in Section 8 of this Agreement. "Plat" means the final Plat for CRYSTAL BAY BUSINESS CENTER, an industrial center located at 2725 and 2765 Wayzata Boulevard and 430 and 450 Old Crystal Bay Road North, said Plat approved of even date with this Agreement. The Plat contains approximately 17.5 acres and is legally described as Lots 1 and 2, Block 1, and Lots 1, 2, and 3, Block 2, all within Crystal Bay Business Center, Hennepin County, State of Minnesota, as shown on the attached Exhibit "A„ "Private Improvements" means remodeling, construction of buildings, infrastructure, landscaping, etc. within individual Lots. "Public Improvements" means construction of infrastructure, landscaping, etc. within public rights of way. "Wayzata Boulevard"means the existing highway on the North side of the Plat. 1. REQUEST FOR PLAT APPROVAL. On September 11, 2006, the City Council approved a preliminary plat for CRYSTAL BAYBUSINESS CENTER. Said preliminary plat approval was extended by the City Coucil on September 10, 2007. On September 11, 2006, the City Council granted Commercial Site Plan Approval including a Conditional Use Permit for alternative building material for the building proposed on Lot 1, Block 1, and a variance to allow for a narrower street right of way than required by City standards. The right of way for the new 132281 v1 -2 - street is to be 60 feet wide whereas the subdivision regulations require a 70 foot wide right of way. 2. CONDITIONS OF PLAT APPROVAL. The City approved the Plat in part on the condition the Developer enter into this Agreement, furnish the security required by it, and record the Plat with the County Recorder and Registrar of Titles within 180 days of this Agreement. 3. RIGHT TO PROCEED. Within the Plat, the Developer may not grade or otherwise disturb the earth, remove trees, construct sewer lines, water lines, streets, utilities, Public or Private Improvements, or any buildings until all the following conditions have been satisfied: 1) this Agreement has been fully executed by both parties and filed with the City Clerk, 2) the necessary security as provided in this Agreement has been received by the City, and 3) the Plat and this Agreement have been submitted to the.Hennepin County Recorder's Office and Office of the Registrar of Titles. 4. DEVELOPMENT. The Development is to be constructed on a schedule as dictated by the issuance of building permits. Each Lot may be improved individually. New buildings are to be constructed on Lot 1, Block 1; Lot 1, Block 2; and Lot 2, Block 2. The existing building on Lot 3, Block 2, is to be renovated and the parking area reconstructed. The City may refuse to grant building permits for any structure if the Developer has breached this Agreement and the breach has not been remedied. Developer shall submit a complete application for a building permit for construction of one of the buildings within one year of filing of the Plat or the Commercial Site Plan Approval for all of the Lots shall lapse. If the Commercial Site Plan Approval lapses, Developer shall be required to re-submit an application to the City for Commercial Site Plan review and approval under then existing City standards and 132281 v1 -3 - the City may use the Letter of Credit to complete the Public Improvements required under this Agreement at Developer's expense. If a building permit is submitted as required above, the Commercial Site Plan Approval shall not lapse for any of the other Lots, except as provided in Section 5 herein. 5. CHANGES IN OFFICIAL CONTROLS. For five (5) years from the date of this Agreement, no amendments to the City's Comprehensive Plan or official controls shall apply to or affect the use, development density, lot size, lot layout or dedications of the approved Plat or each Commercial Site Plan unless required by state or federal law or agreed to in writing by the City and the Developer or its assigns. Thereafter, notwithstanding anything in this Agreement to the contrary, to the full extent permitted by state law, the City may require compliance with any amendments to the City's Comprehensive Plan, official controls,platting or dedication requirements enacted after the date of this Agreement. 6. CONDITION FOR SUBSEQUENT APPROVALS. The entire Development has received Commercial Site Plan Approval. Therefore, additional City review prior to construction of future buildings or renovation of the existing building on Lot 3, Block 2, will be limited to Building Permit Approval by City Staff. All structures shall be built consistent with the Commercial Site Plan Approval. 7. IMPROVEMENTS. A. PUBLIC IMPROVEMENTS: The Developer shall install and pay for the following Public Improvements: 1. Streets: a. Orono Industrial Boulevard b. Work in Old Crystal Bay Road 2. Sewer and Water systems to serve the property 132281 v1 -4- 3. Storm Sewer System to serve the property 4. Ditch Upgrade and Improvements along Highway 12 5. Public Trail along Wayzata Boulevard (Paid for by Developer as part of the park dedication) The Public Improvements shall be installed in accordance with the City Ordinances, City standard specifications for utilities and street construction, and MNDOT specifications. The Developer shall submit plans and specifications which have been prepared by a competent registered professional engineer or other appropriate professional to the City for approval by the City Engineer. The City may, at the City's discretion and at the Developer's expense, have one or more City inspectors and a soil engineer inspect the work for Public Improvements. The Developer, its contractors and subcontractors, shall follow all reasonable instructions received from the City's inspectors. The Developer shall provide for on-site project management for the Public Improvements. The Developer is responsible for design changes and contract administration between the Developer and the Developer's contractor. The Developer shall schedule a pre-construction meeting at a mutually agreeable time with the City and all parties concerned, including the City staff, to review the program for the construction work. B. PRIVATE IMPROVEMENTS: The Developer shall install and pay for the following Private Improvements within the Plat as follows: 1. Sanitary Sewer Service 2. Water Service 3. Setting of Iron Monuments 4. Surveying and Staking 132281 vi -5 - 5. Relocation of Wayzata Boulevard Access and reconstruction of the paved areas on Lot 3,Block 2 The Private Improvements shall be installed in accordance with the City Ordinances; City standard specifications for utilities and street construction, and MNDOT specifications. The Developer shall submit plans and specifications which have been prepared by a competent registered professional engineer or other appropriate professional to the City for approval by the City Engineer. The Private Improvements with respect to each Lot shall be installed in conjunction with the construction or remodeling of a building or buildings within each Lot. 8. DEVELOPMENT PLANS. The Plat shall be developed in accordance with the conditions set forth in the Resolution approving the Plat and the following plans, all dated as of October 26, 2007 ("Plans") which are incorporated herein by reference. With the exception of Plans C3.0 and C5.0, the Plans may be finalized, subject to approval by the City Engineer, after the date of the Agreement, but before issuance of an individual building permit for any Lot. The Plans shall not be attached to this Agreement. If the Plans vary from the written terms of this Agreement, the written terms shall control. The Plans are: PLANS CLO Title Sheet C2.0 ALTA/ACSM Land Title Survey(As Prepared by Westwood Professional Services) C3.0 Final Plat C4.0 Existing Conditions and Removals Plan C5.0 Master Site Plan C6.0 Site Plan C7.0 Grading and Drainage Plan C8.0 Stormwater Pollution Prevention Plan (SWPPP) C8.1 SWPPP Notes and Details C9.0 Storm Sewer Plan C10.0 Utility Plan C11.0 Landscape Plan C12.0 Landscape Details 132281 v11 -6- C13.0 Lighting Plan C14.0 Orono Industrial Blvd Plan and Profile C 15.0-C 15.1 Civil Details 9. DESIGN STANDARDS. A. The Developer received Conditional Use Permit approval for a portion of the property to be known as Lot 1, Block 1, Crystal Bay Business Center to allow the building on this lot to have 50% to 60% burnished block and 40% to 50% rock face block as alternative materials. B. The Developer received variance approval on September 11, 2006, for a narrower street right of way than required by City standards. The right of way for the new street is to be 60 feet wide whereas the subdivision regulations would require a 70 foot wide right of way. The street shall be named "Orono Industrial Boulevard." Work to be performed on Orono Industrial Boulevard, Old Crystal Bay Road, and the ditch upgrade and improvements along Highway 12 shall be completed before a shell Certificate of Occupancy is issued for Lot 1, Block 1, or Lot 1, Block 2. Work to be performed on Old Crystal Bay Road and the ditch upgrade and improvements along Highway 12 shall be completed before a shell Certificate of Occupancy is issued for Lot 2, Block 2. 10. PERMITS. The Developer shall obtain or require its contractors and subcontractors to obtain any necessary permits, which may include: • Hennepin County for County Road Access and Work in County Rights-of- Way • MnDot for State Highway Access • Minnesota Department of Health for Watermains • NPDES Permit for Stormwater Connections • MPCA for Sanitary Sewer and Hazardous Material Removal and Disposal • DNR for Dewatering • City of Orono for Building Permits • Minnehaha Creek Watershed District 132281 v1 -7 - Developer shall obtain all necessary permits relating to the Public Improvements with the assistance and cooperation of the City. 11. DEWATERING. Due to the variable nature of groundwater levels and stormwater flows, it will be the Developer's and the Developer's contractors and subcontractors responsibility to satisfy themselves with regard to the elevation of groundwater in the area and the level of effort needed to perform dewatering and storm flow routing operations. All dewatering shall be in accordance with all applicable county, state, and federal rules and regulations. 12. LICENSE. The Developer hereby grants the City, its agents, employees, officers and contractors a license to enter upon the areas of the Development Property reasonably necessary to perform all work and inspections deemed appropriate by the City in conjunction with Plat development and the installation of Public Improvements by the Developer. The City shall hold the Developer (and its successors and assigns) harmless from any cause of action or claims as a result of the negligence or willful misconduct of the City, its agents, employees, officers and contractors on entering the platted property and its performance of all of its work and inspections. 13. EROSION CONTROL. Prior to initiating site grading, the Storm Water Pollution Prevention Plan, Plan C8.1, shall be implemented by the Developer and inspected and approved by the City or Minnehaha Creek Watershed District ("MCWD"). The City or MCWD may impose additional erosion control requirements according to their standards. 14. GRADING PLAN. The Plat shall be graded in accordance with the approved Final Grading and Drainage Plan, Plan C7.0. 132281 v1 -8 - 15. OWNERSHIP OF IMPROVEMENTS. Upon completion of the work and construction required by this Agreement and formal City acceptance, the Public Improvements lying within public easements or right of way shall become City property without further notice or action. 16. SUMMARY OF SECURITY REQUIREMENTS. To guarantee compliance with the terms of this Agreement, payment of the costs of all Public and Private Improvements, and construction of all Public Improvements, the Developer shall furnish the City with one (1) Letter of Credit, in the form attached hereto, from a bank ("security") totaling $488,727.11. The security amounts are to be calculated as follows: 1. Public Improvements* Due before Plat release a. Lot 1, Block 1 $ 71,137.50 b. Lot 1, Block 2 $ 29,877.50 c. Lot 2, Block 2 $ 49,087.50 d. Lot 3, Block 2 $ 14,242.50 e. Orono Industrial Boulevard $267,667.50 £ Old Crystal Bay Road $ 12,964.61 g. Ditch Upgrade and Improvements along Highway 12 $ 43,750.00 *Public Improvements include items such as paving/grading/landscaping within public rights-of-way, and improvements to sanitary sewer, watermain and storm sewer within public rights-of-way. In addition, the Developer shall deliver to the City separate letters of credit in the same form as provided above with respect to the following improvements, at the times specified below: 2. Private Improvements Lot 1,Block 1, Due before Building Permit release* $438,720.00# 132281 v11 -9 - 3. Private Improvements Lot 1, Block 2, Due before Building Permit release* $335,066.88# 4. Private Improvements Lot 2, Block 2, Due before Building Permit release* $266,206.56# 5. Private Improvements Lot 3, Block 2, Due before Building Permit release* $476,093.44# * Release will be permitted on a Lot by Lot basis. # Amounts will be recalculated and adjusted at the time of Building Permit Approval based upon then existing anticipated costs. This breakdown is for historical reference; it is not a restriction on the use of the security. The bank shall be subject to the reasonable approval of the City Administrator. The security must be in the form as provided for in the example Letter of Credit attached hereto and incorporated by reference. The City may draw down the security, with notice, for any violation of the terms of this Agreement, subject to the cure periods provided in this Agreement. If the required Public or Private Improvements are not completed and the City receives a notice of non- renewal of the letter of credit from the issuer thereof, the City may also draw it down and hold the funds as a cash escrow to secure compliance with the requirements by the Developer. If the security is drawn down, the proceeds shall be used to cure the default. Upon receipt of proof satisfactory to the City that work has been completed and financial obligations to the City have been satisfied, with City approval, which shall not be unreasonably withheld, conditioned or delayed, the security may be reduced from time to time. For Public Improvements, ten percent (10%) of the amounts certified by the Developer shall be retained as security until all Public Improvements have been completed, all necessary utility easements have been provided, all financial obligations to the City satisfied, the required "as constructed" Plans have been received 132281 v1 - 10 - by the City, a warranty bond is provided, and the Public Improvements are accepted by the City Council. The City standard specifications for utilities construction outline procedures for security reductions as provided in Orono City Code Section 82-214. The warranty bond shall have a duration of twenty-four(24) months. 17. STORM WATER'AND DRAINAGE TRUNK FEE. The Development is subject to a Storm Water and Drainage Trunk Fee in the amount of$128,100.00. The fee is based on the gross area of the final Plat less any area credit for pond area, and is calculated as follows: $7,320.00 per acre x 17.5 acres = $128,100.00 The total fee for the Development of$128,100.00 shall be paid by the Developer in cash upon the execution of this Agreement. In no event shall any additional fee for Storm Water and Drainage Trunk be payable by Developer or assessed against the Development Property as a result of the construction of the Public Improvements as defined herein. The Development Property shall not be subject to a special assessment in connection with the initial installation of the street labeled "Orono Industrial Boulevard"on the land to the east of the Development Property. 18. PARK DEDICATION FEE. Developer shall pay a Park Dedication Fee for Lot 1, Block 1,based upon 8% of the market value of the property calculated as follows: $750,000.00 x 8% _$60,000.00 The Developer shall also pay a Park Dedication Fee for Lot 2, Block 2 calculated as follows: 3.01 acres x $13,875.00/acre = $41,764.00 132281 v1 - 11 - Payment shall be due to the City at the time of execution of this Agreement as its Park Dedication Fee for Lot 1, Block 1, and Lot 2, Block 2. No Park Dedication Fees are due for Lot 1 or Lot 3, Block 2, as those lots have previously been developed and appropriate fees paid. 19. SUMMARY OF FEES AND CASH REQUIREMENTS. The following is a summary of the fees and cash requirements under this Agreement which must be furnished to the City at the time indicated: FEE or CHARGE Date Payable Storm Water and Drainage Trunk Fee Before Plat release Park Dedication Before Plat release SAC and WAC With Building Permit MCES charges With Building Permit Escrow for City Expenses/Engineering/Legal Before Plat release Total Cash Requirements before Plat release $229,864.00 20. SPECIAL PROVISIONS. The following special provisions shall apply to the development of the platted property and the Public Improvements: A. Before the first new building is occupied, the drainage from the existing parking lot onto property in the Orono Industrial Park subdivision shall be redirected to remain within the Plat until it enters the public drainage system. B. The conditional use permit for outdoor storage (901-2612 ) shall be revised to relocate the outdoor storage prior to construction of Orono Industrial Boulevard or issuance of a building permit for Lot 1, Block 1. C. Construction traffic access and egress for grading, public utility construction, and street construction is restricted to access the subdivision via Old Crystal Bay Road or Wayzata Boulevard D. Construction hours are 7 AM to 10 PM Monday through Saturday. 132281 v11 - 12 - E. The Developer will remove the portion of the existing building that is on Lot 1, Block 2,before August 31, 2010. F. Access shall be as follows: 1. No curb cut will be provided on Orono Industrial Boulevard for the loading dock for the existing building on Lot 3, Block 2. 2. Lot 1, Block 1,will have access off Orono Industrial Boulevard. 3. Lot 1, Block 2, will have access off Orono Industrial Boulevard and Old Crystal Bay Road. The Old Crystal Bay Road access will be a joint driveway with Lot 2 Block 2. 4. Lot 2, Block 2, will have access off Old Crystal Bay Road. This access will be a joint driveway with Lot 1,Block 2. 5. Lots 1 and 2, Block 2, will have shared access and cross easements to allow the properties use of the Wayzata Boulevard access on Lot 3, Block 2. Lot 2, Block 2 will have an easement to use Orono Industrial Boulevard. 6. Lot 3, Block 2, will have access off Wayzata Boulevard and Orono Industrial Boulevard. 7. Developer shall relocate the existing Wayzata Boulevard access to be as close to the east property line as feasible before Lot 3, Block 2, is sold or before September 11, 2011, whichever occurs first. G. The Developer and the owner of the property at 2687 Wayzata Boulevard may enter into an agreement for a joint access to Wayzata Boulevard, either through a joint driveway or through easements to a driveway entirely on one of the properties. The Developer may allow the property at 2687 Wayzata Boulevard access Old Crystal Bay Road or Orono Industrial Boulevard. H. An encroachment agreement shall be required to allow use of the right of way of Orono Industrial Boulevard for outdoor storage until the street is constructed. 132281 v11 - 13 - I. Developer shall grant the City an easement for a trail adjacent to Wayzata Boulevard in a location agreed upon between the parties. Developer shall supply the City with a cost estimate for the trail and shall install, at Developer's cost, an eight (8) foot wide bituminous trail within the easement built to City specifications. The trail shall be installed at a mutually agreeable time. Upon completion of the trail and the City's receipt of the trail easement documentation, the Developer shall be entitled to reimbursement in the amount of the trail construction costs as agreed upon between the parties prior to construction of the trail. J. Within one hundred twenty (120) days after the completion of the Public Improvements and before the remaining security is released, the Developer shall provide the City with permanent utility easements for any Public Improvement not within the platted easements. The permanent utiltity easements shall be in form acceptable to the City. 21. MISCELLANEOUS. A. The Developer shall indemnify and hold the City and its officers, employees, and agents harmless from claims made by it and third parties for damages sustained or costs incurred resulting from Plat approval and development, except for any costs or damages resulting from the negligence or willful misconduct of the City, its officers, employees and agents. The City shall indemnify and hold the Developer and its officers, employees, and agents harmless from claims made by it and third parties for damages sustained or costs incurred resulting from Plat approval and development, except for any costs or damages resulting from the negligence or willful misconduct of the Developer, its officers, employees and agents. B. The Developer shall reimburse the City for costs incurred by the City in the enforcement of this Agreement against the Developer, including reasonable engineering and reasonable attorneys' fees. 132281 v11 - 14- C. The Developer shall pay in full all bills submitted to it by the City for obligations incurred under this Agreement within thirty (30) days after receipt. If the bills are not paid on time, the City may halt Plat development and construction on the platted property until the bills are paid in full. Bills not paid within thirty (30) days shall accrue interest at the rate of twelve percent(12%)per year. D. In addition to the charges referred to herein, other charges may be imposed such as, but not limited to, sewer availability charges ("SAC"), City water connection charges, City sewer connection charges, and building permit fees. E. The Developer represents to the City that the Plat complies with all city, county, metropolitan, state, and federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances, and environmental regulations. F. Breach of the terms of this Agreement by the Developer after notice and reasonable opportunity to cure shall be grounds for denial of building permits and certificates of occupancy. G. If any portion, section, subsection, sentence, clause, paragraph, or phrase of this Agreement is for any reason held invalid, such decision shall not affect the validity of the remaining portion of this Agreement. H. The action or inaction of the City shall not constitute a waiver or amendment to the provisions of this Agreement. To be binding, amendments or waivers shall be in writing, signed by the parties and approved by written resolution of the City Council. The City's failure to promptly take legal action to enforce this Agreement shall not be a waiver or release. 132281 v11 - 15 - I. This Agreement shall run with the land and shall be recorded against the title to the property provided, however, that all monetary obligations of the Developer hereunder shall be and remain the responsibility of the Developer unless expressly assumed in writing by any successor or assignee of the Developer. The Developer covenants with the City, its successors and assigns, that the Developer upon recording of the Plat is well seized in fee title of the property being final platted and/or has obtained consents to this Agreement, in the form attached hereto, from all parties who have an interest in the property; that there are no unrecorded interests in the property being final platted; and that the Developer will indemnify and hold the City harmless for any breach of the foregoing covenants. Upon request by Developer and the receipt of appropriate documentation, the City staff shall provide Developer with partial releases from this Agreement, Certificates of Completion, and Estoppel Certificates on a lot by lot basis. J. I Each right, power or remedy herein conferred upon the City is cumulative and in addition to every other right, power or remedy, express or implied, now or hereafter arising, available to the City, at law or in equity, or under any other agreement, except as specifically limited in this Agreement, and each and every right, power and remedy herein set forth or otherwise so existing may be exercised from time to time as often and in such order as may be deemed expedient by the City and shall not be a waiver of the right to exercise at any time thereafter any other right, power or remedy. K. The Developer may not assign this Agreement without the written permission of the City Council. The Developer's obligation hereunder shall continue in full force and effect even if the Developer sells one or more lots, the entire plat, or any part of it, subject to Certificates of Completion for individual Lots within the Plat. 132281 vI1 - 16 - L. Within ninety (90) days after the completion of the Public Improvements or Private Improvements and before the remaining security is released, the Developer shall supply the City with a complete set of reproducible "as constructed" plans, an electronic file of the "as constructed" plans in an auto CAD.DWG file or a .DXF file, and two complete sets of blue line "as constructed" plans, all prepared in accordance with City standards. The terms of this paragraph shall apply to the Plans C9.0, C10.0 and C14.0 described in paragraph 8 of this Agreement. M. In accordance with Minnesota Statutes 505.02, the final placement of iron monuments for all lot corners must be completed before the applicable security is released. The Developer's surveyor shall also submit a written notice to the City certifying that the monuments have been installed. 22. NOTICES. Required notices to the Developer shall be in writing, and shall be either hand delivered to the Developer, its employees or agents, or mailed to the Developer by certified mail at the following address: Ryan Companies US, Inc., Attention: Mark Nordland, 50 South Tenth Street, Suite 300, Minneapolis, Minnesota 55403-2012. Notices to the City shall be in writing and shall be either hand delivered to the City Administrator at Orono City Hall, 2750 Kelly Parkway, Orono, Minnesota 55356, or mailed to the City by Certified mail in care of the City Administrator at the following address: PO Box 66, Crystal Bay, Minnesota 55323. CITY OF ORONO �z ,war° 'w�,.e 4•r .+:�xsG 3:4 �(_��/ BY: A&^), VA- CA) {-SEAQ} AND �� City Clerk 1 4-• 132281 v11 - 17 - DEVELOPER: RYAN COMPANIES US,INC. BY: Its STATE OF MINNESOTA ) ( SS. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this C;)/ S4-- day of U MV:aA , 2007, by James M. White and by Linda S. Vee, the Mayor and City Clerk of the City of Orono, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. RACHEL DODGE ,VQ. QOM.. NOTARY PUBLIC-MINNESOTA NOTARY PUBLIC My Commission Expires Jan.31,2010 STATE OF MINNESOTA ) (ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this -S day of 11 ,,, 2007, by ( &nc C- (V�rc-1 ( c,R the k I Y of Ryan Companies US, Inc., a Minnesota corporation, on its behalf. 19,JUDY A. HERMANSON Notary Pubho-Minnesote M,commfaswri JW 81,2010 N PbAl IC DRAFTED BY: CAMPBELL,KNUTSON Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan,Minnesota 55121 Telephone: (651)452-5000 (SMM) 132281 v1 - 18 - EXHIBIT "A" �i ------------------- Vlu �I .:... N0LLd3O%3 ---.� N0LLd3O%3 A _________________ I :xdv imn ' O r 7� 1c of `------------------------ -------------------- �I Z i L (INVAM081 iVIR-MUNI ONOHO L f MI U joi sE:a•I 1� I z ' c• � t r cm Qrill r T4-11 M v- v" ti 11 f I I J �-------------1 �� •�, ;� N 1 Imo"' II I _ 71Y13O 0 I I ��i � �1i � i ''--• i� j i I� j l hypc'63 ---".�--- - LL `--------, c - I J t1 l t I I i a°f ter I L o I I r_a tIi i"4 I ---- I t'li�i I •: ,1:-. — "' _- �-------------------- —, €I Aa Sita IA l� �Z 1}t �,� �. i � I w l I •I ..,....� 132281 vi — 19 — IRREVOCABLE LETTER OF CREDIT No.: XXXXX Date: ,2007 TO: City of Orono(Mailing Address) City of Orono(Delivery Address) P.O.Box 66 2750 Kelley Parkway Crystal Bay,Minnesota 55323 Long Lake,Minnesota 55356 To Whom It May Concern: We hereby issue, for the account of Ryan Companies U.S., Inc. and in your favor, our Irrevocable Letter of Credit in the amount of$488,727.11 ("Credit"),available to you by your draft drawn on sight on the undersigned bank. The draft must: a) Bear the clause, "Drawn under Letter of Credit No. XXXXXXX, dated of b) Be signed by the Mayor or City Administrator of the City of Orono.; C) Be presented for payment at ("Bank"), , at or before 4:00 p.m. on (the date one year after the date hereof),or successive dates thereto as provided herein; d) Be accompanied by a statement signed by the City of Orono certifying that a default has occurred pursuant to the terms of the Crystal Bay Business Center Development Agreement. This Credit shall automatically renew for successive one-year terms unless, at least forty-five(45)days prior to the next annual expiry date (which shall be of each year), the Bank delivers written notice to the Orono City Administrator that it intends to not renew this Credit. Written notice is effective if sent by certified mail, postage prepaid, and deposited in the U.S. Mail, at least forty-five (45) days prior to the next annual expiry date addressed as follows: Orono City Planner, P.O. Box 66, Crystal Bay,MN 55323, and is actually received by the City Administrator at least thirty(30)days prior to the expiry date. This Credit sets forth in full our understanding which shall not in any way be modified,amended,amplified, or limited by reference to any document,instrument,or agreement,whether or not referred to herein. This Credit is not assignable. More than one draw may be made under this Credit provided that the sum of all draws does not exceed the amount set forth above. Furthermore, the principal amount of this Credit may from time to time be reduced to such amounts as may be approved in writing by the City of Orono pursuant to the written recommendation of its representatives. This Credit shall be governed by the most recent revision of the Uniform Customs and Practice for Documentary Credits,International Chamber of Commerce Publication No. 500, 1993 revision. We hereby agree that a draft drawn under and in compliance with this Credit shall be duly honored upon presentation. Very truly yours, By: By: Name: Name: Its: Its: 132281 v10 -20 - r f _ Doc No 9079457 12/27/2007 04:30 PM Certified filed and or recorded on above date: Office of the County Recorder Hennepin County, M?Iesota Michael H. Cunniff, CoAty Recorder TranslD 364295 Deputy 26 Fees $35.50 DOC $10.50 SUR $46.00 Total CONSENT TO PLAT The undersigned, a national banking association, owner of that certain Mortgage and Security Agreement and Fixture Financing Statement dated August 16, 2006 ("Mortgage"), executed by Ryan Companies US, Inc., as Mortgagor, in favor of M&I Marshall & Ilsley Bank, a Wisconsin state banking corporation, as Mortgagee, and filed for record in the office of the Registrar of Titles in and for Hennepin County, Minnesota on October 16, 2006, as Document No. 4316671 and filed October 16, 2006, in the office of the County Recorder of Hennepin County, Minnesota as Document No. 8878208, does hereby for itself, its successors and assigns, consent to the Crystal Bay Business Center Dated i(�< `� , 2007 M&I Marshall all &Ilsley Bank By Its Selk,761L vim-- By Glt� Its �y STATE OF �b ) )ss. COUNTY OF `h V1 ) T 'e foregoing instrument was acknowledged before me this'?/( day of , 2007, by the �O-VwCe of M&I Marshall& Illsley Bar1k, a isconsin state banking corporation, on beh o t e association. otary Public This instrument was drafted by: Ryan Companies US, Inc. A 50 South Tenth Street Anson Suite 300 qWAmpH Minneapolis, Minnesota 55403-2012 C:\DOCUME-1\29403.MI\LOCALS-1\Temp\notes6030C8\CONSPLAT.DOC/2