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HomeMy WebLinkAboutRecording instructionsOP BEEN* PROFESSIONAL *ASSOCIATION Thomas J. Campbell* Roger N. Knutson Elliott B. Knetsch June 25, 2018 Joel J. Jamnik Andrea McDowell Poehler Soren M. Mattick HAND DELIVERED Henry A. Schaeffer, III Alina Schwartz Ms. Shelly Bullock Shana N. Conklin Burnet Title Amy Be Schutt James J. Monge, III 201 Lake Street E #200 Jerome M. Porter Wayzata, MN 55391 David S. Kendall Matthew K. Brokl Re: City of Orono we Southways Project No. 18�3998 Kurt S. Fischer Burnet Title File No.1745038: *Of Counsel Dear Ms. Bullock: This office is legal counsel for the City of Orono (the "City"). For convenience, Burnet Title is referred to in this letter as "you." This letter ("Escrow Instructions") constitutes Escrow Instructions for the closing between the City and James R. Jundt and Mary Joann Jundt, husband and wife, (Developer) relating to PID # 114l7-23-32-0020. The City's closing documents shall be disbursed strictly in accordance with the Escrow Instructions. Attached to this letter is an acknowledgement by you of the receipt of this letter and your agreement to hold and disburse the closing documents in accordance with the Escrow Instructions. Prior to undertaking any actions related to the Escrow Instructions, you must first sign and return a copy of this letter to me via fax or email (original to follow by mail). 1. Documents. The following Documents will be delivered to you on the Closing Date: A. Certified Copy of City Resolution No. 6836 (Street Vacation); Be Development Agreement; C. Plat. Grand Oak Office Center I 860 Blue Gentian Road Suite 290 Eagan, Minnesota 55121 Main: 651452-5000 Fax: 651-234-6237 4vww.ck-law.com 198266v1 Ms. Shelly Bullock June 25, 2018 Page Two 2. Record documents in the following order and prior to any additional encumbrances being recorded azainst the Plat or property within the Plat: (i) Documents necessary to release any recorded liens or mortgages at the time of closing; (ii) Resolution No. 6836 (Street Vacation); (iv) Development Agreement; (v) Final Plat. 3. Deliver copies of all executed closing documents to me; and 4. Return the following original recorded documents to Jeremy Barnhart at the City of Orono, 2750 Kelley Parkway, Orono. MN 55436 (i) Resolution No. 6836 (Street Vacation); (ii) Development Contract. 5. Unless you are able to close this transaction before the end of business on December 8, 2018, you shall return the Escrowed Documents to me, unless you receive other instructions from the respective parties. Very truly yours, Campbell Knutson Professional Association By: ABS/smt, Enclosures cc: Jeremy Barnhart Agreed to and accepted this day of BURNET TITLE By: B. Schutt 2018.