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: _.� ' • ;� ,' �, �' Q � � �7�":�P ;0�T:;XrS a�;;D TAXPAYE SEflVICF5 • TRAN9F A EN7ERED � DEC �. 9 2Q07 H � Pi }N , r �- C �, , (Above Space Reserved for Recording Data) COiVIMON INTEREST COMMUNITY NO. 1578 Condominium STONEBAY OF ORONO CONDOMINIUM DECLARATION I ' This Dec aration is made in the county of ' , state of Minnesota, an this �day of vr5 , 2007, by O.C. Development LC, a Minnesota limited liability company (the " eclarant"), pursuant to the provisions of Mini�esota Statutes Chapter 515$, known as the innesota Common Interest Ownership Act (the "Act"), for the pucpose of creating Stoneba of Orono Condominium as a condominium under the Act. • WHER AS, Declarant is the owner of certain real property located in Hennepin County, Minnesota, legal y described in Exhibit A attached hereto, and Declarant desires to submit said real property a d al] improvements'thereon (collectively the "Property") to the Act as a condominium, d WHER AS, Declarant desires to establish� on the Praperty a plan for a permanent residential com unity to be owned, occupied, and operated for the use, health, safety, and welfare of the O ners and Occupants, and for the purpose of preserving the value, the structural . quality, and the rigina!architectural character of the Property,and WHE AS, the Property(i) is not subject to a rnaster association as defined in the Act; (ii) is not subj t to an ordinance referred to in Section 5t5B.1-Ifl6 of the Act, governing conversions to c mmon interest ownership; and(iii)does not include any shoreland as defined in Minnesota Statu es Section 103F.205. THERE ORE, Declarant subjects the Property to this Declaration under the name "Stonebay of O ono Condominium," consisting of the Units referred to in Section 2, declaring that this Declar tion shall constitute covenants to run with the Property, and that the Property MPLS-Ward 9528L1 I � Guaranty Titk.i . . Bnx.163 SZ��