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Certificate of Compliance with Covenants 10-13-05 ClTYOF CBlNlBSSEN 7700 Market Blvd. P.O. Box 147 Chanhassen, MN 55317 General Phone: 952-227-1100 Administrative Fax: 952-227-1110 Bldg/1nspections Fax: 952-227-1190 Engineering Fax: 952-227-1170 Park/Recreation Fax: 952-227-1110 Planning Fax: 952-227-1110 Public Works Fax: 952-227-1310 Recreation Center Fax: 952-227-1404 Web Address: www.ci.chanhassen.mn.us FAX COVER SHEET Date: jo-/3-os- Company: ~6.~ ~~ Attention: Fax Number: 15~-t.ft..fg- 515~ /~~/+{~~ 0; !) ;;;. ~ ;).. -;)... 7 -1/ 0 t./ c Sent By: Direct Dial No: Sending L pages, including cover page. D D D D Please find the information you requested Please review and call me Please call to confirm receipt of this fax . ~~~~t~ ~~~f~~ ~. ~~1:L~ ~W~~~~~t; ~ 0.- ~ ~ ~-J-: If you do not receive all pages, or are experiencing other problems in transmission, please call the sender at his or her direct dial number. ~ ~ (Reservedfor Recording Data) CERTIFICATE OF COMPLIANCE WITH COVENANTS (RELEASE OF RIGHT OF FORFEITURE) THIS CERTIFICATE OF COMPLIANCE WITH COVENANTS ("Certificate") is granted this ~ day of October, 2005 by the ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF CHANHASSEN, a Minnesota public body corporate and politic ("ED A"). WHEREAS, the EDA did on the 2ih day of October, 2004 transfer and sell certain property owned by the EDA to Frederick C. Riese and Valaire Riese, husband and wife, by Limited Warranty Deed ("Deed") the real property located in Carver County, Minnesota described on Exhibit "A" attached hereto ("Real Property") subject to the conditions of Minn. Stat. ~ 469.048 through ~ 469.068; and WHEREAS, the Rieses have complied with all of the terms and conditions of the conditions in Minn. Stat. ~ 469.048 through ~ 469.068 and all of the conditions of the EDA related thereto and the Rieses have requested that the EDA issue a Certificate of Compliance with Covenants; and WHEREAS, the EDA has determined that it is appropriate to issue a Certificate of Compliance with Covenants. NOW, THEREFORE, the Economic Development Authority in and for the City of Chanhassen states as follows: 1. Compliance with Covenants. That the Rieses have complied with all ofthe covenants required under the terms of the Deed and all of the requirements of the EDA and that a Certificate of Compliance with Covenants is hereby issued. 2. The Real Property is hereby released from the conditions of Minn. Stat. ~ 469.048 through ~ 469.068 relating to the use of the Real Property and the EDA hereby releases all of its 121253 1 rights to declare a breach of the covenants and conditions and seek a decree from the District Court declaring a forfeiture and a cancellation of the Deed. 3. This Certificate can be filed in the Office of the Carver County Recorder. IN WITNESS WHEREOF, the Economic Development Authority in and for the City of Chanhassen has caused this Certificate to be duly executed in its name and on its behalf as of the date first above written. ECONOMIC DEVELOPMENT AUTHORITY IN A~O~ TIJ!rCITY OF CHANBASSEN By: ~~-Ltt- Todd Gerhardt, Executive Director STATE OF MINNESOTA ) )ss. COUNTY OF CARVER ) The foregoing instrument was acknowledged before me this / .a'fh day of October, 2005, by Todd Gerhardt, the Executive Director of the Economic Development Authority in and for the City of Chanhassen, a Minnesota public body corporate and politic, on its behalf. ~ j KAREN J. ENGELHARDT' Notary PubliC-Minnesota My Comml,,'on e Jrlt .1M 31, 2010 . THIS INSTRUMENT WAS DRAFTED BY: CAMPBELL KNUTSON, P.A. 317 Eagandale Office Center 1380 Corporate Center Curve Eagan, Minnesota 55121 651-452-5000 [JFK] 121253 2 121253 EXHIBIT "A" Lot One (1), Block One (1), Old Village Hall, according to the plat thereof now on file and of record in the Office of the County Recorder, Carver County, Minnesota. 3