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t . - , . •= ♦� D , 4 G�,�fi�+"�P�;04�;�X:S PiuD T PAYEA SERVJCES I . i 9FEA ENTERED IDEC I9 ZQ07 H � � Pi iN , �� 1 � r. �N (Above Space Reserved for Recording Data) COMMON [NTEREST COMMUNITY NO. 1578 Condominium �, STONEBAY OE ORONO CONDQMINIUM �i DECLARATION I ' This Declaration is made in the county of ' , state of Minnesota, on thi� _�day'of � r�5� , 2�07, by O.C. Development ,LC, a Minnesota limited Iiabili company (the "Declarant"), pursuant to the provisions of Minnesota Statutes Chapter 515 , known as the Minnesota Common Interest Ownership Act (the "Act"), for the purpose creating Stonebay of Orono Condominium as a condominium under the Act. � WHEREAS, Declarant is the owner of certain real property located in Hennepin Count , Minnesota, legally described in Exhibit A attached hereto, and Declarant desires to submit sai real property and all improvements thereon {collectively the "Property") to the Act as condominium,and WHEREAS, Declarant desires to establish� on the Property a plan for a permane residential community to be owned, occupied, and operated for the use, health, safety, an welfare of the Owners and Occupants, and for the purpose of preserving the value,the structura . quality, and the original architectural character of the Property,and W�IER�AS, the Property(i) is not subject to a master association as defined in the Ac • (ii} is notl�-subject to an ordinance referred to ir. Section Si5B.1-t06 of the Act, governin conversio��s to common interest ownership; and(iii)does not include any shoreland as defined i MinnesotalStatutes Section 103F.205. i T�EREF�RE, Declarant subjects the Property to this Declaration under the nam "Stonebay',of Orono Condominium," consisting of the Units referred to in Section 2, declarin that this aeclaration shall constitute covenants to run with the Property, and that the Propert MPLS-Word 95281.11 ' Gusranty�t ,IAc. &fz t _ �.z� �� i