HomeMy WebLinkAboutEasement Agreement--~07/28/2004 08:31 9524759293 CB BURNET GWS PAGE 04
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EASEMENl' AGREEMENT
TRIS EASEMENT AOR.EEMRNT need an ilUl.Qr il'lto thist£.~y of~tte • 2001 l>y and between Orvlllo ll. Flshet.
Jr. and Alexa~ O, Fisher.111.isband and wife (''herein11f'ter•1orantce") and G1nylC. Valerius a\k\a<Juy Robort
Valeriu,, 11ln.11:le person (hcrc:inat\er ''Grantor'1,
RECITALS
FIRS'l'! The Omuor is the fee owner oftlu1 relll property described ■s follow.a:
SECOND:
Lots I and l, Block J, Valedus Addlti~n. Hennepin County, Minnesota,
and
Outlot .B, Burgers Bayside Sceo11d Addition, Hennepin County, Minncsolll (hcreina.flec "Outlot
13•~.
The Clrantor has entered into • purchase ngrcM"tent with tho Grantee for the .sale of the real
property desc=ribed as'follows (hereinafter "Lot 1 N):
Lat 1, Bloclc l, Valerius; Addition, Hennepin CoWlty, Minnesota
THIRD: In conneerion with tlte purchase of Lott by the Onmtee. the Orantor hus ajp'eed to gmit to the Ortmtce the
tlliemcnt hereinafter described.
NOW. THEREFORE, in oonlideration or the mumat. promlses, covenants and col\'ditions herein contai11ed, the ..
p&rties do hereby agree as follows:
l.Grant ofEosomont. Tho Grantor he~by tmnts to the Gruntcc, and their suc:c:usors nnd assigns as
owners of Lot 1, an e11en1ent over and 11eross Outlot B for p11rpose$ of ini:ress 11nd egress to Lake Mil\tlctonka,
including rhe right to install and\or build and construct on the ihor:eline of Lake MinnetonJ.:i, a dor.:k o( Granteo's
choioo tor th.cir exclusive use and enjoyment and the use and enjoyment of their gucists and invitees; provided.
however, in the event thnt tile Oran.tor 11.t Ws sole cost 1111d cxpc:11$C inst11Jl.s n suitable common dock on Outl()t B
· · (''Co1t1.mot1 Dock:'') for the common use and enjoyment o ( the owners of Lots 1 and 2, Vale nus Addition. Hennepin
County. Minnesot11, the Grantee shall have the right, 11t their sole: cost nnd expense, to c:onstt\lct 11nd install for thoir
exclusive use: and enjoyment, an addition to such Common Dock extending fL'On'l the Common. Dode i1uo the open.
water of Lake MiMetonl,."11. · ·
2. Cost oC Corntnou Dock. The co.st and expense to build ,md constmct a Cammon Dock up to the edge
of the open water of Lake Milmctonka shall be paid !or solely by the Gi:antcr; provided, however, th11t tlle cost to
maintain the Common Dock .shall be bomf equally by the Orantor and tile Gtnntee . .All costs ond c~pen.ses incurred
by the Grantee e.nd the Ora.ntar to construct and install an addition to the Conunon Dock to the open water or by
each p11ey shall be borne by each party with n:spcct to his own addition to the Conm101\ Ooek.
3 In11Arance. The Granto and. Grantor shall each obtain and mnlntain public: liability insurance in an
amount not le5s than Sl,000,000,00 for pe:rsonal iajury and $50,000.00 for property d:imaae, to cover tbe lla.bi~ity of
the parties for any_ dalll:lge or injmy occurring on Outlot B and on any dock installed theri:on, Each p11rty shall be
named as an additional insured on tl1e other policy cmd shnll furnish to the other party a ccnitientc ofsuc:h iosuusnc:c.
4. Negtlgtm:c. Each pitty .1h11JI be linblc fol' the expense of ally repair or teplacement of the Common
Dock re.ndcrcd nece$Sary by its act, neglccl or c:acclcnness or by th11t ofita sui:sts and invitees to the extent that
sue.It expense i$ not covered by the pr~eeds of any insurnnce ean·icd by the: p11rties.
S • .Appronls and Dl1pute Resolution. All disputes rclnting to tho mninten1mcc:, repairs, r¢pla.cemcnts and
improvements to the Comm.on Dook: under this agreement shall be ba'aed upon the mun~al upproval and com:ent of
9524759293 CB BURNET GWS PAGE 05
the parties orbybindinB arbitration irthe parties arc un.1ble to mutuatly agree on any ma.teer relatlna to sucb use,
m11fnten11ncc 1 repib:. replacement or improvement Ifth1111 parties are unable to a;reo on the ,equircment for. or
manner of performing, any opera tion 1 rmlntenunce, repl'lir, repfo.cemc:nt or improvement. the parties $hall •ttcmpt to
mutually agree UJ>On a third party to ubHrate any such dispute. Any deciiion by the atbin1uor shall 'be 'binding on the
panles, ln th• event the p11rties arc u11ablc to mutually agree on thuelec1ion oh 1ln"1e arbil1ator. any party ma.y
submit auoh di11P\lta to btnd'il& arbitration before the Atli~ican Atbitration Auociation in the City ofMiMea;eoUs,
MiMc,ota. 'l'he cost of' any &rb!ttation sha.11 bo shared equally by the p11rtii:,d provided each party shlllJ bcarits own
uponsc otwltMue$ and c:ou~cl.
6. Derault. In the event either pnrty fails to contribute its prorabl &hare of coats and expenses required to
be paid under thia 11.grccmMt to maintain tho Cornmon bock, the other party inay, 'but sh.all not be obligated to, pay
all of such costs and expemes · and tccover from the defaulting p:itt)' aueh partiea pro nta 1h1rc1 to4ethc:.r with
interest at the hi,hm rate allo~d by law or eighteen percent (18%) per annum ifno ma.~mum intcreat rate ii
applicable. In the event ofany default under this agreement, the non-defaulting party shall ha\·e the right to proceed
in Jaw ar In equity, i,icluding the right to specific performance, to cmforec i~ lights under this agreement.
7. Atnmdment. Thil agreement may be amended only with the written consent of"the both parties. Any
amendment 1hal1 ho recorded in the real estate records for Hennepin County, Minnesota ..
8. Grantor's tJae of l"taperty. Outlot B may bo used by tbe Orantor for any purpose not mconsistont with
the rights h«reby granted, provided auch use doe& not interfere with or end11nger chc conarruction. oparation and •
niaintenancc o!ar,uuce•, dock and\or aac:cas to Lake Minnetonka.
9. ll:asem.ent To J:tun With Land. This casement and the rights c(the Ora11tec hcrtundct shall run with
and benefit the owners of Lor 1, Vaicrius Addition, Hennepin County, Minneaota and shtl extend to and be binding
upon the heirs, personal repre,entatlves, administrator..s, successors. assigns of the owner o! Outlot B, Bur,ger'11
Bayside Sccoad Addition. ·
10. Ticrn1 of Easenient. This enseme11t sh11ll be perpctuQf: provided, hbwever, in tht event thatthe City of
O:rono grants a perpelUnl 11nd exclu~l"c right to tbct owners or Lot l to construct a dock on land 10<:ated on the South
side ofBayllide Re:,ad adjacent to Like Minnetonka for the exclusive use and enjoyment ofthe owners of Lot 1 with
direct ac:ce.u to Lake Minnetonka; the owners o!' Lot 1 shall, at tht rcquii:st of the Ora.ntor, his su.ccr:nors a11d
assisns, executa and ~liver a document tennin&ting the rights of the Orantee hcreund~r. . . .
IN Wl'TNJ!SS WHER.EOP. the parties have cxec:uted this instntntcnt the day and' year first ,~linen abo..-11:.
0
STA TE OF MINNESOTA
COUNTY OF HENNEPIN
The foregoing ina1nmlent was acknow]edtcd before me tl~a .Ef: day or 2 J.~ ; 2001.by Ga.ry R:·Vateriua
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a\k\a Gary .Robert Valerius,
STATS OFMINNBSOTA
COONfY qF HENNEPIN
Notary Public
The forcgo£na instrmnc11t wu acknowledged bafora nu, thia Ji: day 0£ M . 2001 by ONi.lle E. Fl!be:.1-i,
and Alox•ndra o. Fisher. hwband and Mic.
( trv,il@/,ft'f JJ-
Non.ryPnblia
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