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t _.� > .T � i •' �� � ��;��;0��a�� TAXPAYEA SEAVICES � 9FER ENTEAED � DEC I9 2Q07 H � Pi iN , � � � ttTY (Above Space Reserved for Recording Data) COMMON INTEREST COMMUNITY NO. 1578 Condominium � STONEBAY OE ORONO COI�IDOMINIUM i DECLARATIOPI � I � ' is Declaration is made in the county of '� , state af Minnesota, on this �'7 y of � �S� , 2007, by O.C. Development LC, a Minnesota limited Iiab lity compan {the "Declarant"), pursuant to the provisions of Mini�esota Statutes Chapter 515$, known s the Minnesota Common Interest Ownership Act (the "Act"), for the purpos of creating Stonebay of Orono Condominium as a condominium under the Act. � �JVHEREAS, Declarant.is the owner of certain real property located in Hennepin Co nty, Minnespta, legally described in Exhibit A attached hereto, and Declarant desires to submit id- real prqperty and all irnprovements thereon (collectively the "Property") to the Act a condom�nium,and HEREAS, Declarant desires to establish� on the Property a plan for a perma ent resident al community to be owned, occupied, and operated for the use, health, safefy, and welfare of the Owners and Occupants,and for the purpose of preserving the value, the struc ral . quality, and the original architectural character of the Property,and HEREAS, the Property{i) is not subject to a master association as defined in the �1ct; {ii) is ot subject to an ordinance referred to in Sectian S15B.I-I06 of the Act, gove ing convers ons to common interest ownership; and (iii} does not include any shoreland as define in Minnes ta Statutes Section 103F.2Q5. HEREFORE, Declarant subjects the Property to this Declaration under the n me "Stoneb y of Orono Condominium," consisting of the Units referred ta in Section 2, decla �ng that thi Declaration shall constitute covenants to run with the Property, and that the Prop rty MPLS-War 95281.11 . G�aranty?'itk,lnc. B� l63 S�z�� ,.j � .