covenant of dedication-1994 - Laserfiche WebLink

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a -' , / s �� � �o { r�S�A�E ' STATE OF �1INNESOTA ) � �� � )ss. COUi�1TY OF COVENANT OF DEDICATION The undersigned, Orono Limited Partnership, a Minnesota Limited Partnership, and Coffin Corners Partnership, a Minnesota Partnership now stipulates to the following statement of facts; and the undersigned further�agrees to restrict the use and title of the realty described in Exhibit A to this document (hereinafter referred to as E�chibit A) in accordance �vith the terms and conditions set forth herein. STIPULATIONS OF FACT 1. That the undersigned Orono Limited Partnership is the applicant for a Corps of Engineers permit number 94-02434 NW JJY, 33 CFR 330 - App. A. Nationwide permit number (26) to develop wetland; and that the U. S. Army Corps of Engineers has re�ulatory jurisdiction of said wetland pursuant to Section 404 of the Clean Water Act (33 USC 13�4). 2. That the undersigned Coffin Corners Partnership is the Contract for Deed Vendor of Lots 1 -10, Block 4, Old Crystal Bay Road Addition, Hennepin County, MN and the undersi�ned Orono Limited Partnership is the owner in fee of the real estate described as Lots 1 - 7, Block 2, and Lots 1 - 7, Block 3, Old Crystal Bay Road Addition Hennepin County, �IIV and is the Contract for Deed purchaser of Lots 1 - 10, Block 4, Old CrystaI Bay Road Addition, Hennepin County, NIN. 3. That a portion of the real estate described above is a wetland under the reEulatory jurisdiction of the St. Paul District of the U. S. A.rmy Corps of Engineers pursuam to Section 404 of the Clean Water Act. 4 . That the undersigned applicant and the St. Eaul District of the U. S. Army Corps of En�ineers have reached an agreement whereby the undersigned applicant will be permitted to deveiop a portion of the wetland in accordance with the terms and conditions of Corps of Eneineers Pernut number 94-02434 iVW JJY, 33 CFR 330 - App. A. Natiomvide permit number(26); and, that in consideration for the permittee to develop the wetland, the undersiened wili mitigate the adverse environmental effects resulting from the development by dedicating the easements as defined in the attached E�chibit A for perpetual use as a conservancy area in accordance with the terms and conditions of this document and the above mentioned permit. 5. That the above mentioned dedication shall consist of the execution of this document by all parties necessary to restrict the use and title of the easements as defined in Page 1 of 4