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041513completeagenda CITY OF RICHFIELD, MINNESOTA MONDAY, APRIL 15, 2013 RICHFIELD MUNICIPAL CENTER 6700 PORTLAND AVENUE REGULAR HOUSING AND REDEVELOPMENT AUTHORITY MEETING COUNCIL CHAMBERS 7:00 P.M. AGENDA Call to order Roll call 1. Approval of minutes of Regular HRA Meeting of March 18, 2013 2. HRA approval of agenda 3. Consideration of a resolution authorizing the purchase of real property located at 7427 Pillsbury Avenue through the Richfield Rediscovered Program Staff Report No. 28 Notes: 4. Public hearing and consideration of a resolution authorizing the sale of HRA property located at 301 West 77tH Street to LaMettry Collision Inc. Staff Report No. 29 Notes: 5. Consideration of a resolution approving a First Amendment to the Cross Access Easement Agreement with Candlewood Minneapolis, MN, LLC Staff Report No. 30 Notes: 6. HRA discussion items Notes: 7. Executive Director Report Notes: 8. Claims and Payroll Adjournment Auxiliary aids for individuals with disabilities are available upon request. Requests must be made at least 96 hours in advance to the City Clerk at 612-861-9738. HOUSING AND REDEVELOPMENT ed AUTHORITY MEETING MINUTES geC0;e Richfield, Minnesota Regular Meeting March 18, 2013 CALL TO ORDER The meeting was called to order by Chair Sandahl at 7:00 p.m. ROLL CALL HRA Members Sue Sandahl, Chair, Steven J. Quam; Doris Rubenstein; Debbie Goettel; Present: and David Gepner Staff Present: Steven L. Devich, Executive Director; John Stark Community Development Director; Karen Barton, Assistant Community Development Director; Corrine Heine, City Attorney; and Nancy Gibbs, City Clerk. Item #1 APPROVAL OF MINUTES OF (1) SPECIAL HRA MEETING OF FEBRUARY 17, 2013; (2) SPECIAL HRA MEETING OF FEBRUARY 19, 2013; AND (3) REGULAR HRA MEETING OF FEBRUARY 19, 2013 Commissioner Rubenstein asked that the minutes of the Special HRA Meeting of February 17, 2013 be amended to correct the spelling of a Housing Visioning Task Force candidate's name. M/Rubenstein, S/Quam to approve the minutes of(1) Special HRA Meeting of February 17, 2013 as amended; (2) Special HRA Meeting of February 19, 2013; and (3) Regular HRA Meeting of February 19, 2013. Motion carried 5-0. Item #2 HRA APPROVAL OF AGENDA Chair Sandahl switched the order of Items 5 and 6. M/Rubenstein, S/Quam to approve the agenda as amended. Motion carried 5-0. Item #3 PRESENTATION BY CENTER FOR ENERGY AND ENVIRONMENT REGARDING HOME ENERGY SQUAD PROGRAM HRA Meeting -2- March 18,2013 Stacy Boots Camp, Center for Energy and Environment, provided a presentation regarding the Home Energy Squad Program. Item #4 CONSIDERATION OF A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR AND HRA CHAIR TO EXECUTE INSTRUMENTS NECESSARY TO PURCHASE SEVEN TO NINE VACANT AND FORECLOSED HOUSES USING UP TO $543,000 FROM THE HOUSING AND REDEVELOPMENT FUND THROUGH DECEMBER 31, 2013 S.R. NO. 25 Community Development Director Stark presented Staff Report No. 25. M/Goettel, S/Sandahl that the following resolution be adopted and that it be made part of these minutes: HRA RESOLUTION NO. 1150 RESOLUTION AUTHORIZING THE HOUSING AND REDEVELOPMENT AUTHORITY STAFF TO ACQUIRE CERTAIN FORECLOSED HOMES WITHIN THE CITY AND TO EXECUTE ALL INSTRUMENTS AND CONTRACTS RELATED THERETO Motion carried 5-0. This resolution appears as HRA Resolution No. 1150. Item #5 PRESENTATION AND CONSIDERATION OF THE LAKES AT LYNDALE CONNECTIVITY PLAN S.R. NO. 27 Former Item 6. Assistant Community Development Director Barton presented Staff Report No. 27. M/Gepner, S/Quam to approve the Lakes at Lyndale Connectivity Plan. Motion carried 5-0. Item #6 PUBLIC HEARING TO CONSIDER AN AMENDMENT TO THE BUSINESS SUBSIDY AGREEMENT AND A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE FUNDING AGREEMENT AND RESTATED BUSINESS SUBSIDY AGREEMENT BY AND BETWEEN THE HRA AND LYNDALE GARDENS LLC S.R. NO. 26 Former Item 5. Assistant Community Development Director Barton presented Staff Report No. 26. Colleen Carey, Cornerstone Group, was available via speakerphone. Beth Pfeifer, Cornerstone Group, explained the construction timeline. The Cornerstone Group hopes to start construction at the end of 2013 or early 2014 with a one year construction timeframe. Dale Woodbeck, Lakewinds Co-op, stated the Lakewinds Co-op will start construction July 2013 and hopes to open early in 2014. HRA Meeting -3- March 18,2013 M/Gepner, S/Goettel to close public hearing. Motion carried 5-0. M/Sandahl, S/Rubenstein that the following resolution be adopted and that it be made part of these minutes: HRA RESOLUTION NO. 1151 RESOLUTION APPROVING FIRST AMENDMENT TO FUNDING AGREEMENT AND AMENDED AND RESTATED BUSINESS SUBSIDY AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA AND LYNDALE GARDENS LLC Motion carried 5-0. This resolution appears as HRA Resolution No. 1151. Item #7 HRA DISCUSSION ITEMS Chair Sandahl invited the community to a public forum regarding organized garbage collection. The public forum is sponsored by the League of Women Voters and will be held on Saturday, March 23 at 9:30 a.m. at Richfield Municipal Center. Item #8 EXECUTIVE DIRECTOR REPORT Executive Director Devich stated he had no report. Item #9 CLAIMS AND PAYROLL M/Gepner, S/Sandahl that the following claims and payrolls be approved: U.S. BANK 03/18/2013 Section 8 Checks: 123134 - 123251 $ 156,292.98 HRA Checks: 31691 - 31717 $ 511,728.46 TOTAL $ 668,021.44 Motion carried 5-0. ADJOURNMENT The meeting was adjourned by unanimous consent at 8:18 p.m. Date Approved: April 15, 2013 Suzanne M. Sandahl Chair Nancy Gibbs Steven L. Devich City Clerk Executive Director AGENDA ITEM#: 3 REPORT#: 28 STAFF REPORT RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY MEETING APRIL 15, 2013 REPORT PREPARED BY: JULIE URBAN/KATE AITCHISON, HOUSING SPECIALISTS NAME,TITLE REPORT PRESENTER: KAREN BARTON,ASSISTANT COMMUNITY DEVELOPMENT DIRECTOR NAME,TITLE DEPARTMENT DIRECTOR REVIEW: �► SIG u-- REVIEWED BY EXECUTIVE DIRECTOR: , ' ITEM FOR HRA CONSIDERATION: Consideration of a resolution authorizing the purchase of real property located at 7427 Pillsbury Avenue through the Richfield Rediscovered Program. I. RECOMMENDED ACTION: By Motion: Approve a resolution authorizing the purchase of real property located at 7427 Pillsbury Avenue through the Richfield Rediscovered Program. II. BACKGROUND The property at 7427 Pillsbury Avenue was determined to be uninhabitable by the Inspections Division in 2009. The property owner never responded to repeated requests for repairs, and in 2012, the property was forfeited to Hennepin County for non-payment of property taxes. The County then offered the Housing and Redevelopment Authority (HRA) the first opportunity to purchase the property for its appraised value. The existing three-bedroom home has been poorly maintained for several years. An independent evaluation was conducted and concluded that the house contains many code and structural deficiencies that would be difficult to correct. The neighborhood would be better served with the existing house removed and the lot redeveloped. The property is 75 feet by 135 feet. The appraised value of the 04152013 7427 Pillsbury acquisition.doc property is $75,000. The HRA can purchase the property for the appraised value plus approximately $3,400 in-closing-and-administrative costs. If purchased, the substandard house will be removed and the vacant lot sold for construction of a new home through the Richfield Rediscovered Program. III. BASIS OF RECOMMENDATION A. POLICY • The 2008-2018 Richfield Comprehensive Plan states as policy: • Encourage the creation of"move-up" housing through new construction and home remodeling. • Promote the development of a balanced housing stock that is available to a range of income levels. • Through the City's Richfield Rediscovered Program, the HRA purchases and removes substandard and functionally obsolete housing and replaces it with newer, higher valued homes. B. CRITICAL TIMING ISSUES • The property is currently a detriment to the neighborhood and not on the tax rolls. Purchase by the HRA offers the opportunity to remove the substandard home, redevelop the property and return it to the tax rolls. • If the HRA elects to forgo the purchase of the property, the property will be sold at auction. C. FINANCIAL • The Housing and Redevelopment Fund would be used to purchase the property. The 2013 HRA budget provides for this expense. • The County will sell the property to the HRA for the appraised value plus closing costs. D. LEGAL • Once the County has provided a deed for the property, the HRA Attorney will commence a quiet title action to clear title to the property. IV. ALTERNATIVE RECOMMENDATION(S) • Do not authorize the purchase of the property. V. ATTACHMENTS • Resolution • Photo of existing structure VI. PRINCIPAL PARTIES EXPECTED AT MEETING • NA 3- HRA RESOLUTION NO. RESOLUTION AUTHORIZING PURCHASE OF REAL PROPERTY LOCATED AT 7427 PILLSBURY AVENUE UNDER THE RICHFIELD REDISCOVERED PROGRAM WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota ("the HRA") desires to purchase certain real property pursuant to and in furtherance of the Richfield Rediscovered Program, said property being described as: 7427 Pillsbury Avenue South Lot 12, Block 3, Nicollet View Gardens Hennepin County, Minnesota WHEREAS, the HRA is authorized by Minnesota Statutes Section 469.012 to acquire real property within its area of operations; and WHEREAS, the property is tax forfeited land, and the HRA desires to acquire the Property pursuant to Minn. Stat. Sec. 282.01; and WHEREAS, a proceeding subsequent to initial registration will be required to establish clear title to the property for the HRA; and WHEREAS, a purchase price has been negotiated; and WHEREAS, local HRA funds are available for acquisition purposes. NOW THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: 1. The purchase price for the property at 7427 Pillsbury Avenue is approved at $75,000 plus fees using the Housing and Redevelopment Fund. 2. The Chairperson and Executive Director are authorized to execute purchase agreements and to take other actions necessary to purchase the property for the amount set forth in this Resolution, and to establish clear title to the property in the name of the HRA. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 15th day of April, 2013. Suzanne M. Sandahl, Chair ATTEST: Doris Rubenstein, Secretary 7427 Pillsbury it, . s \y i i. 1.x. Y.J• .,i( �F� ,; • l • • -C� ty 4 :?• 1 1; e.. +rte a . , ...aiL Ns ..m. 1111 1. • mow•.• p g .... s ...• Or' ' Pe-- AGENDA ITEM#: 4 REPORT#: 29 =ROAN STAFF REPORT RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY MEETING APRIL 15, 2013 REPORT PREPARED BY: CHRISTINE COSTELLO, ECONOMIC DEVELOPMENT COORDINATOR NAME,TITLE REPORT PRESENTER: JOHN STARK, COMMUNITY DEVELOPMENT DIRECTOR A\ NAME,TITLE I DEPARTMENT DIRECTOR REVIEW: ; szie TURF, REVIEWED BY EXECUTIVE DIRECTOR: V (1, / 401111 ITEM FOR HRA CONSIDERATION: Consideration of proposed sale of 301 West 77th Street to LaMettry Collision Inc. I. RECOMMENDED ACTION: Conduct and close the public hearing and by motion: Approve the sale of Housing and Redevelopment Authority property located at 301 West 77th Street. II. BACKGROUND The Richfield Housing and Redevelopment Authority (HRA) has owned 301 West 77th Street, often referred to as the vacant Candlewood parcel, since 1992. The parcel was originally part of a larger property that had been a lumber yard. In 1998 the land was platted into two parcels and one portion was sold to Candlewood Suites while the remaining parcel was retained by the HRA and has been vacant since 1992. Richfield Bloomington Honda (RB Honda) recently purchased nearby property from LaMettry's Collision, Inc. (located immediately to the west of RB Honda), to allow for the expansion and updating of their dealership. LaMettry's sold its property to RB Honda with the understanding that they would be able to purchase the HRA property for the development of a new facility. 04152013 PH 301 w 77th St LaMettry.docx At the November 21, 2011 HRA worksession, Rick LaMettry presented a proposal to purchase the vacant Candlewood lot for the development of a new collision-repair facility. Based on the HRA's positive view of the project at the worksession, LaMettry's moved forward in the land use application process. The HRA approved a consent to allow LaMettry's to submit this land use application at the June 18, 2012 HRA meeting. On June 25, 2012, the Planning Commission held a public hearing for the consideration of a Comprehensive Plan Amendment and a Planned Unit Development (PUD) and voted 6 to 0 to approve the amendment and PUD. The City Council held its first reading of the rezoning at their June 26, 2012 meeting and on July 10, 2012 the Council approved the Comprehensive Plan Amendment, PUD, and second reading of the rezoning. On July 16, 2012 the HRA held a public hearing to consider selling the HRA land to LaMettry's. Following the public hearing, the HRA approved by motion the sale of the HRA land to LaMettry's and approved a purchase agreement between the HRA and LaMettry. The purchase agreement has been executed by both parties and earnest money has been deposited with the HRA. The fulfillment of the purchase agreement is contingent on the HRA holding a duly noticed public hearing. It came to staffs attention, however that the public hearing was not properly advertised in the Sun-Current legal notice section. This was due to an inadvertent oversight by staff. Therefore, the HRA is being asked to hold a duly noticed public hearing. The notice for public hearing was published in the Sun-Current on April 4, 2013. III. BASIS OF RECOMMENDATION A. POLICY • A public hearing is required prior to the HRA agreeing to sell property it owns. • The HRA must decide whether it is in the best interest of the public to sell the property under the terms offered. B. CRITICAL TIMING ISSUES • As of April 2nd, LaMettry's still has not submitted plans in order for them to proceed with the building permit application process. • LaMettry's could be proceeding with the building permit application process, since review of the building permit plans will take longer than the revised public hearing process to be held on April 15th. C. FINANCIAL • The proposed Purchase Agreement provides for a purchase price of $675,000. • LaMettry's submitted earnest money in the amount of$33,750. • The appraisal for the property (dated April 9, 2012) estimates the market value at approximately $675,000. D. LEGAL • The HRA's legal counsel has drafted the proposed purchase agreement and LaMettry's attorney has reviewed the purchase agreement. Both parties have signed the agreement. • The HRA's legal counsel has reviewed this staff report. IV. ALTERNATIVE RECOMMENDATIONS) • Continue the consideration of a motion of the proposed sale of 301 77th Street West (vacant Candlewood parcel) to LaMettry's Collision Inc. • Deny the consideration of a motion of the proposed sale of 301 West 77th Street (vacant Candlewood parcel) to LaMettry's Collision, Inc. V. ATTACHMENTS • Resolution • Purchase Agreement • Certified Copy of Legal Notification VI. PRINCIPAL PARTIES EXPECTED AT MEETING • Representative(s) of LaMettry's Collision, Inc. LI - I RESOLUTION NO. RESOLUTION AUTHORIZING THE CONVEYANCE OF INTEREST IN CERTAIN LAND WHEREAS, pursuant to Minn. Stat. Section 469.029, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "Authority") may sell land after a duly noticed public hearing on the sale of such land; and WHEREAS, on July 16, 2012, the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "Authority"), held a public hearing on the sale of certain property located at 301 77th Street West and described as: Lot 1, Block 1, Candlewood Hotel Addition (the "Property") to LaMettry's Collision, Inc., a Minnesota corporation (the "Developer") and approved the sale of the Property to the Developer and a purchase agreement between the Authority and the Developer; and WHEREAS, pursuant to the terms of the approved Purchase Agreement, dated February 20, 2013, the Authority is required to convey to the Developer all of the Authority's right, title and interest to the Developer contingent upon the Board of the Authority holding a public hearing and approving the sale of the Property by resolution; and WHEREAS, it has been determined that notice of the public hearing held on July 16, 2012 was not published and the Authority has been asked to hold another public hearing regarding the sale of the Property; and WHEREAS, on the date hereof, the HRA held a public hearing regarding the conveyance of the Property for which notice was published in the Sun-Current on April 4, 2013; and NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: 1. The conveyance of the Authority's right, title and interest in the Property described herein is hereby approved. 2. The Chairperson and the Executive Director are hereby authorized to execute and deliver to the Developer, such quit claim deed and certificates as are required to carry out this resolution. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 15th day of April, 2013. Steven J. Quam, Acting Chair ATTEST: Doris Rubenstein, Secretary PURCHASE AGREEMENT-- - THIS AGREEMENT is made as of this 20th clay of February, 2013, by and between the I-Iousing and Redevelopment Authority in and for the City of Richfield, Minnesota, a public body corporate and politic under the laws of the State of Minnesota ("Seller") and LaMettry's Collision, Inc., a Minnesota corporation, or its assigns ("Buyer"). RECITALS A. Seller is the owner of property which is legally described on the attached Exhibit A ("Property"). B. Buyer wishes to purchase the Property in accordance with the provisions of this Agreement. AGREEMENT 1. Offer/Acceptance for Sale of Property. The Seller agrees to sell to the Buyer the Property and the Buyer agrees to purchase the same, according to the terms of this Agreement. 2. Purchase Price for Property and Terms. A. PURCHASE PRICE: The total Purchase Price for the Property is $675,000.00(the"Purchase Price"). B. TERMS: (1): EARNEST MONEY. The sum of $33,750.00 Earnest Money is paid herewith by the Buyer to the Seller. The balance of the Purchase Price shall be due on the date of closing (the "Closing Date") (2): BALANCE DUE SELLER: Buyer agrees to pay by electronic transfer of funds on the Closing Date any remaining balance due according to the terms of this Purchase Agreement. (3): DEED/MARKETABLE TITLE: Subject to performance by Buyer, Seller agrees to execute and deliver a Quitclaim Deed conveying title to the Property to Buyer, subject only to the following exceptions: a. Building and zoning laws, ordinances, state and federal regulations; b. Reservation of minerals or mineral rights to the State of Minnesota, if any; c. Public utility and drainage easements of record which will not 401,19no,1AN R('125-323 3 - —interfere with Buyer's intended use of the Property; and d. A Cross Access Easement Agreement, dated June 22, 1998 (the "Easement Agreement"), between the Seller and Candlewood Minneapolis, MN LLC. (4): DOCUMENTS TO BE DELIVERED AT CLOSING BY SELLER. In addition to the deed required at paragraph 2B(3) above, Seller shall deliver to the Buyer: a. Standard form Affidavit of Seller. b. A"bring-down" certificate, certifying that all of the warranties made by Seller in this Purchase Agreement remain true as of the Closing Date. c. Certificate that Seller is not a foreign national. d. Well disclosure certification, if required, or, if there is no well on the Property, the Deed given pursuant to paragraph 2B(4) above must include the following statement: "The Seller certifies that the Seller does not know of any wells on the described real property." e. Any other documents reasonably required by the Buyer's title insurance company or attorney to evidence that title to the Property is marketable and that Seller has complied with the terms of this Purchase Agreement. 3. Contingencies. Seller's obligation to sell, and Buyer's obligation to buy is contingent upon the following: a. Buyer's determination of marketable title pursuant to paragraph 4 of this Agreement; b. Buyer's determination, in its sole discretion, that the results of the environmental investigation under this Agreement are satisfactory to Buyer; c. Successful rezoning of the Property to Buyer's intended commercial use; d. If deemed necessary by the Buyer, the Buyer's ability to satisfactorily renegotiate the Easement Agreement (as described in Section 14 hereof); e. Satisfactory evidence that Richfield Honda will purchase the property upon which the Buyer currently operates and that Richfield I-londa will move forward with its plans to build a larger facility on such property and -101,000 JAI:14:125-323 adjacent properties; f'. • Approval of this Agreement by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Richfield (the "Board"); and g. The Board conducting a public hearing on the sale of the Property and approving such sale by resolution. Buyer and Seller shall have until the Closing Date to remove the foregoing contingencies. The contingencies listed in 3a, 3b, 3c, and 3d above are solely for the benefit of Buyer and may be waived by Buyer. The contingency listed in 3e above is for the benefit of both Buyer and Seller, and if waived, must be waived by both Buyer and Seller. The contingencies listed in 3f and 3g may not be waived by either party. If one or more of Buyer's or Seller's contingencies is not satisfied, or is not satisfied on time, and is not waived, this Purchase Agreement shall thereupon be void at the written option of either party. In such event, Seller shall return the Earnest Money to Buyer, and Buyer and Seller shall execute and deliver to each other a termination of this Purchase Agreement. As a contingent Purchase Agreement, the termination of this Agreement is not required pursuant to Minnesota Statutes, - Section 559.21, et. seq. 4. Title Examination/Curing Title Defects. The Buyer shall, at its expense and within four (4) months after Seller's acceptance of this Agreement, obtain a commitment for title insurance ("Commitment") for the Property. The Buyer shall have forty-five (45) business days after receipt of the commitment and executed Purchase Agreement to examine the same and to deliver written objections to title, if any, to Seller, or Buyer's right to do so shall be deemed waived. - Seller shall have the option, but not the obligation, until the Closing Date (or such later date as the parties may agree upon) to cure such objections, at the Seller's cost. In the event that Seller elects not to undertake a cure, or in the event title to the Property cannot be made marketable or is not made marketable by the Seller by the Closing Date, then, unless Buyer elects to proceed to closing without a cure to the objections, this Agreement may be terminated by either party. 5. Inspections; Environmental Investigation. From the date of this Agreement to the Closing Date, Buyer, its employees and agents, shall be entitled to enter upon the Property to conduct such surveying, inspections, investigations, soil borings and testing, and drilling, monitoring, sampling and testing of groundwater monitoring wells and conducting such other environmental examination and tests as Buyer deems necessary; provided, that Seller is given at least 48 hours' notice to Seller. Buyer shall promptly pay, before any lien attaches, all charges • for costs incurred in connection with the work permitted under this Paragraph. Buyer agrees to indemnify the Seller against any liens, claims, losses, or damage occasioned by Buyer's exercise of its right to enter and work on the Property. Buyer agrees to provide Seller with a copy of any report as a result of such examination and tests. 3 -4Umoo JAI:RCI25_323 6. -Real Estate Taxes, Special —Assessments, and Special Service District Charges. Real estate taxes, installments of special assessments, if any, and charges related to the Special Service District known as the Interstate/Lyndale/Nicollet Maintenance Area or the 77th Street Maintenance District payable in the year of closing will be pro-rated between the Buyer and Seller to the Closing Date. Seller shall pay all real estate taxes, installments of special assessments, and charges related to the Special Service District known as the Interstate%Lyndale`Nicollet Maintenance Area or the 77th Street Maintenance District due and payable in previous years. Buyer shall pay all real estate taxes, installments of special assessments, and charges related to the Special Service District known as the Interstate/Lyndale/Nicollet Maintenance Area or the 77th Street Maintenance District and due and payable after the year of closing. Seller also agrees to pay all assessments related to service charges furnished to the Property prior to the Closing Date (e.g., delinquent water or sewer bills), including those charges levied, pending, or certified to taxes payable in the year of closing. 7. Closing Date. The Closing Date will be on or before May 31, 2013, unless another date is mutually agreed upon by the parties. Delivery of all purchase documents and the closing shall be made at the offices of the Seller, 6700 Portland Avenue South, Richfield, Minnesota 55423, or at such other location as is mutually agreed upon by the parties. All deliveries and notices to Seller shall be made to the above address and marked to the attention of John Stark, Community Development Director. 8. Property. (a) Condition of Property, removals. Seller has made no representations or warranties concerning the condition of the Property or of any improvements located thereon. Seller shall have no obligation to remove any items from the Property prior to the Closing Date; and Seller abandons any right title or interest in any items remaining on the Property following the Closing Date. (b) No encumbrances. Seller agrees not to place any liens or encumbrances on the Property after the date of this Purchase Agreement. 9. Well Disclosure. Seller has provided Buyer with a separate well disclosure statement and will provide a well disclosure certificate at closing. 10. Seller and Signatory Warranties. (a) Sewer and water. Seller does not warrant whether the Property is connected to the City sewer and water systems. (b) Mechanics' Liens. Seller warrants that, prior to the Closing Date, except costs for work furnished Buyer in accordance with Paragraph 13, Seller shall pay in full all amounts due for labor. materials, machinery, fixtures or tools furnished within the 120 days immediately preceding the closing in connection with construction, alteration or repair of any structure upon or improvement to the Property. 4 .101u9)u t) i:vE tic12S-323 (c) Notices. Seller warrants that it has not received any notice from any governmental authority as to violation of any law, ordinance or regulation in connection with the Property. (d) Authority. Seller warrants that it is the owner of the Property, it has full authority to enter into this Purchase Agreement for the sale of the Property, and that there are no other parties who hold any unrecorded interest in the Property. 11. Broker Commission. Each party represents to the other that it has not utilized the services of any real estate broker or agent in connection with this Purchase Agreement or the transaction contemplated by this Purchase Agreement. Each party agrees to indemnify, defend, and hold harmless the other party against and in respect of any such obligation and liability based in any way upon agreements, arrangements, or understandings made or claimed to have been made by the party with any third person. 12. Closing Costs/Recording Fees/Deed Tax. The Buyer will pay: (a) the closing fees charged by the title insurance or other closing agent, if any, utilized to close the transaction contemplated by this Agreement; (b) the premium for title insurance policy, if any, obtained by the Buyer; and (c) any transfer taxes and recording fees required to enable the Buyer to record its deed from Seller under this Agreement. Seller will pay all other fees normally paid by sellers, including fees and charges related to the filing of any instrument required to make title marketable. Each party shall pay its own attorney fees. 13. Risk of Loss. If the Property is destroyed or substantially damaged before the Closing Date, this Purchase Agreement shall become null and void, at the Buyer's option. At the request of the Seller, Buyer agrees to sign a cancellation of Purchase Agreement. 14. Easement. The Property is subject to a Cross Access Easement Agreement, dated June 22, 1998 (the "Easement Agreement"), between the Seller and Candlewood Minneapolis, MN LLC that will continue to be in effect following the sale of the Property. The Easement Agreement grants the owner of the property directly south of the Property an access easement over the Property. Buyer has been provided and has reviewed a copy of the Easement Agreement. If Buyer wishes to renegotiate the Easement Agreement, it is solely the responsibility of Buyer to do so. As a condition of closing, Buyer must assume all of Seller's rights and responsibilities under the Easement Agreement. 15. Comprehensive Plan Amendment Consent. Seller hereby authorizes Buyer, at Buyer's sole cost and expense, to make application to the City for changes to the comprehensive plan of the City of Richfield or other land use changes that must be completed in order for Buyer to utilize the Property as contemplated. It is understood that any such changes will be effective only if the Property is sold to Buyer. 16. 1031 Exchange. The Buyer may elect to convey or accept the Property via exchange under Section 1031 of the Internal Revenue Code of 1986, as amended. The Seller agrees to cooperate with any reasonable request made by the Buyer which is necessary to facilitate such exchange; provided, however, that Seller shall not be required to either (a) incur 5 4011)9n%9 I:Ati R('125-323 4 _1 17. Notice. Any notice,demand,request or other communication which may or shall be given or served by the parties, shall be deemed to have been given or served on the date the same is personally served upon one of the following indicated recipients for notices or is deposited in the United States Mail, registered or certified, return receipt requested, postage prepaid and addressed as follows: (a) in the case of the Buyer, is addressed to or delivered personally to the Buyer at 3209 Galleria, Unit 1804, Minneapolis, MN 55435, Attn: Richard LaMettry; with a copy to Joel Seitz, 5001 Chowen Avenue South, Minneapolis,MN 55410. (b) in the case of the Seller, is addressed to or delivered personally to the Seller at 6700 Portland Ave. So., Richfield, MN 55423, Attn: Community Development Director; with a copy to Kennedy & Graven, Chartered, 470 U.S. Bank Plaza, 200 South Sixth Street, Minneapolis, MN 55402,Attn: Julie A. Eddington. 18. Map. Attached to this Agreement as Exhibit C is a map (the "Map") which locates the various parcels which are legally described in this Agreement. The Map is for convenience purposes only, and the legal descriptions contained in the other exhibits control. 19. Entire Agreement. This Purchase Agreement, the attached exhibit, and other amendments signed by the parties, shall constitute the entire Agreement between Seller and Buyer and supersedes any other written or oral agreements between the parties relating to the Property. This Purchase Agreement can be modified only in a writing properly signed on behalf of Seller and Buyer. 20. Survival. Notwithstanding any other provisions of law or court decision to the contrary,the provisions of this Purchase Agreement shall survive closing. IN WITNESS WHEREOF,the undersigned have executed this Agreement on the date and year above. HOUSING AND REDEVELOPMENT LAM,E TRY P erti )LLC AUTHORITY IN AND FOR THE CITY OF �; ,,P ; RICHFIELD / ,; � , B V /e , �r.r 1' s' ti / ' moo,-- J til t Its air f ) � 'c haM.A._LaMettry �;.4 - ' hief M. .s !ing� ∎ ember Dated /7 .:at/6 And by: `` �'` < i �', ,/ (2) Its Executive Director F 6 401090v6 JAG RC125-323 4 ;C6 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY Lot I. Block 1, Candlewood Hotel Addition A-1 -1(11o91)0 vl WI -323 City of Richfield -- - - —.--',. .-,.:',,,. :. t.-„..;. c . . . . {Official NG: Publication) CITY OF RICHFIELD -- — -- — Public Hearing Notice ono _ ® REGARDI The Housing and Redevelopment Au- MEDIA thority in and for the City of Richfield will hold a public hearing to consider the sale of 301 West 77th Street to LaMettry's Collision,Inc.,for the con- AFFIDAVIT OF PUBLICATION struction of a new auto body collision repair shop. STATE OF MINNESOTA ) WHEN: )SS. Monday,April 15,2013 COUNTY OF HENNEPIN ) 7:00 PM WHERE: Richard Hendrickson,being duly sworn on Council enter Chambers,Richfield Municipal C an oath,states or affirms that he is the Chief 6700 Portland Avenue South Financial Officer of the newspaper(s)known LEGAL DESCRIPTION: as Contact the Community Development Richfield Sun-Current Department for legal description. QUESTIONS: For more information,call the Commu- nity Development Department at 612- and has full knowledge of the facts stated 861-9760. below: • HOW TO COMMENT: Attend the hearing and you will be (A)The newspaper has complied with all of heard or submit written comments. the requirements constituting qualifica- NANCY GIBBS tion as a qualified newspaper as provid- City Clerk ed by Minn. Stat. §331A.02, §331A.07, AUXILIARY AIDS FOR INDIVIDUALS and other applicable laws as amended. UP N REQUEST.E REQUESTS MUST ARE AVLABLE (B)The printed public notice that is at- BE MADE AT LEAST 96 HOURS IN AD- tached was published in said news a- VANCE TO THE CITY CLERK AT 612- p newspa- per(s)once each week, for one - suc- cessive week(s);it was first published on (Apr.4,2013)D2-301W77thStreet Thursday, the 4 day of April , 2013, and was there- after printed and published on every Thursday to and including Thursday,the day of , 2013; and printed below is a copy of the lower case alphabet from A to Z, both inclu- sive, which is hereby acknowledged as being the size and kind of type used in the composition and publication of the notice: a b e d efg h ij k l m n opgrstu v w xyz i BY: Atabb. v, CFO Subscribed and sworn to or affirmed • before me on this 4 day of April ,2013. - 0 -/c/cae Notary Public l MF,ImMittev of w : jefb°5' q u A6 r Ji „ 1. `I .Kr:7r 7T ,;'. „,-.- ° AY PU3lJC•Ml1NSOTA" 4.1,j/My Comm.Fxp.Jan,31,201N ,ffi013bwdFtoovvvvw,,,40 AGENDA ITEM#: 5 REPORT#: 30 =All STAFF REPORT RICHFIELD HOUSING AND REDEVELOPMENT AUTHORITY MEETING APRIL 15, 2013 REPORT PREPARED BY: CHRISTINE COSTELLO, ECONOMIC DEVELOPMENT COORDINATOR NAME,TITLE REPORT PRESENTER: JOHN STARK, COMMUNITY DEVELOPMENT DIRECTOR NAME,TITLE / Alk- '0 - OW DEPARTMENT DIRECTOR REVIEW: #11, SIGNATU V y t'- REVIEWED BY EXECUTIVE DIRECTOR ,'i, -'Y r j C___ - - "/ - (4,,,,A., l /' ITEM FOR HRA CONSIDERATION: Consideration of a First Amendment to the Cross Access Easement Agreement with Candlewood Minneapolis, MN, LLC. I. RECOMMENDED ACTION: By Motion: Approve the attached resolution, which approves the First Amendment to the Cross Access Easement Agreement with Candlewood Minneapolis, MN, LLC. II. BACKGROUND The Richfield Housing and Redevelopment Authority (the "HRA") has owned 301 West 77th Street, often referred to as the vacant Candlewood parcel, since 1992. The parcel was originally part of a larger tract of land that had been a lumber yard. In 1998 the land was platted into two parcels and the southerly portion was sold to Candlewood Suites for the development of a hotel. The remaining parcel (the "HRA Parcel"), retained by the HRA, has been vacant since the HRA's acquisition in 1992. At the time the southerly portion of the Candlewood parcel was sold to Candlewood Suites in 1998, the HRA and Candlewood Minneapolis, MN, LLC ("Candlewood") entered into a Cross Access Easement Agreement. The Cross Access Easement Agreement provided Candlewood with a non-exclusive easement for vehicular and pedestrian traffic over and across the HRA Parcel and provided the HRA with a 04152013 1st Amend Cross Access Candlewood.docx non-exclusive easement for vehicular and pedestrian traffic over and across portions of certain parcels-of land owned-by the-Candlewood. It is proposed that LaMettry's Collision, Inc. (LaMettry's) purchase the HRA Parcel. In conjunction with that purchase, Mr. LaMettry requested a clarification of the temporary easement areas set out in the Cross Access Easement Agreement. A First Amendment to Cross Access Easement Agreement has been drafted and Candlewood has agreed to the terms of the First Amendment to Cross Access Easement. III. BASIS OF RECOMMENDATION A. POLICY • The HRA entered into a Cross Access Easement Agreement with Candlewood Hotel on June 22, 1998. • A public hearing is not required to amend the Cross Access Agreement. B. CRITICAL TIMING ISSUES • LaMettry plans to close on the HRA parcel, if such sale is approved, on April 24, 2013. • Consideration of the amendment of the Cross Access Easement Agreement will not interfere with LaMettry's or RB Honda's planning and/or building permit process. C. FINANCIAL • N/A D. LEGAL • The HRA's legal counsel and Candlewood's attorney have negotiated the First Amendment. IV. ALTERNATIVE RECOMMENDATION(S) • Do not approve the amendment to the Cross Access Easement Agreement. V. ATTACHMENTS • Resolution • Original Access Easement Agreement • First Amendment to the Cross Access Easement Agreement VI. PRINCIPAL PARTIES EXPECTED AT MEETING • N/A 5- I RESOLUTION NO. RESOLUTION APPROVING FIRST AMENDMENT TO CROSS ACCESS EASEMENT AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA AND CANDLEWOOD MINNEAPOLIS, MN, LLC WHEREAS, pursuant to that certain Cross Access Easement Agreement, dated June 22, 1998 (the "Easement Agreement"), between the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota (the "HRA") and Candlewood Minneapolis, MN, LLC, a Delaware limited liability company ("Candlewood"), the HRA has provided Candlewood with a non-exclusive easement for vehicular and pedestrian traffic over and across portions of certain parcels of land located in the City of Richfield, Minnesota (the "City") and as described in the Easement Agreement (the "HRA Parcel") for purposes of ingress, egress, parking and maintenance of such easement; and WHEREAS, pursuant to the Easement Agreement, Candlewood has provided the HRA with a non-exclusive easement for vehicular and pedestrian traffic over and across portions of certain parcels of land located in the City and as described in the Easement Agreement (the "Candlewood Parcel") for purposes of ingress, egress, and parking and maintenance of such easement; and WHEREAS, it is proposed that the HRA Parcel be purchased by LaMettry's Collision, Inc. (the "Buyer") and the Buyer has requested changes to the Easement Agreement to clarify the temporary easement areas set out in the Easement Agreement; and WHEREAS, it has been further proposed that upon the sale of the HRA Parcel by the HRA, a certain temporary access road will become a permanent access road and Candlewood will no longer be responsible for any maintenance costs related to the temporary or permanent access road; and WHEREAS, the HRA has been presented with a First Amendment to Cross Access Easement Agreement (the "First Amendment to Easement Agreement") between the HRA and Candlewood; and WHEREAS, the HRA has reviewed the First Amendment to Easement Agreement and finds that the execution thereof by the HRA and performance of the HRA's obligations thereunder are in the best interest of the City and its residents; and NOW, THEREFORE, BE IT RESOLVED, by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota as follows: 1. The First Amendment to Easement Agreement presented to the HRA and on file with the Community Development Director are hereby in all respects approved, subject to modifications that do not alter the substance of the transaction and that are approved by the Chairperson and Executive Director; provided that execution of such documents by such officials shall be conclusive evidence of approval. 2. The Chairperson and Executive Director are hereby authorized to execute the Frst Amendrrmentto Easement Agreement on behalf of the-HRA out-on-behalf-of the HRA the HRA's obligations thereunder. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 15th day of April, 2013. Steven J. Quam, Acting Chair ATTEST: Doris Rubenstein, Secretary 3 • • py 6929090 CROSS ACCESS EASEMENT AGREEMENT THIS CROSS ACCESS EASEMENT AGREEMENT("Agreement"),is made and entered into as of this 22nd day of June, 1998,by and between the Housing and Redevelopment Authority in and for the City of Richfield,Minnesota,a public body corporate and politic under the laws of the state of Minnesota("HRA"),and Candlewood lvinneapolis,MN,LLC,a Delaware limited liability company("Candlewood"). • W I T N E S S E TT:That; WHEREAS,HRA is the owner ofthe real property described in Exhibit A which is attached hereto and incorporated herein by this reference(the"HRA Parcel"); WHEREAS,Candlewood is the owner-of the real property described in Exhibit B which is attached hereto and incorporated herein by this reference(the"Candlewood Parcel");and WHEREAS,the parties hereto desire to enter into this Agreement in order to facilitate the use and enjoyment of the HRA Parcel and the Candlewood Parcel(sometimes together referred to herein as the"Parcels"). NOW,THEREFORE,for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties agree as follows: 1. Definition of"Owner."For purposes of this Agreement,"Owner"shall be defined to mean one or more persons or entities holding a fee simple interest, or a vendee's interest,or any person or entity that is a lessee of a parcel under a typical sale-leaseback transaction,in either of the Parcels,or any portion thereof;subjectto this Agreement;provided,however,that the"Owner"shall not include any holder of a lien secured by all orb part of one or more of the Parcels,unless and until such lienholder acquires ownership in fee by foreclosure,deed in lieu of foreclosure,or otherwise. 2. Access Easements. The Owner of the HRA Parcel hereby grants and conveys to the Owner of the Candlewood Parcel a permanent non-exclusive easement for vehicular and pedestrian traffic over and across that portion of the BRA Parcel as may now or in the future exist for use as a driveway,parking area(s),and pedestrian walkways and/or sidewalks,as depicted in the cross- hatched area in Exhibit C,which is attached hereto and incorporated herein by this.reference(the "BRA Easement Area"). The purpose of such access easement is to provide the Owner of the Candlewood Parcel and its officers,representatives,employees,agents,guests,invitees,customers, tenants,and successors(coIIectively"Permittees")ingress, egress,and parking over and along the D-14 HRA Easement Area,and for the purpose of maintaining the BRA Easement Area in accordance with Section 5 of this Agreement. The Owner of the Candlewood Parcel hereby grants and conveys to the Owner of the HRA ' Parcel a permanent non-exclusive easement for vehicular and pedestrian traffic over and across that portion of the Candlewood Parcel as may now or in the future exist for use as a driveway,parking area(s),and pedestrian walkways and/or sidewalks,as depicted in the cross-hatched area in Exhibit D,which is attached hereto and incorporated herein by this reference,(the"Candlewood Easement Area"). The purpose of such access easement is to provide the Owner of the HRA Parcel and its Permittees,ingress,egress,and parking over and along the Candlewood Easement Area,and for the purpose of maintaining the Candlewood Easement Area in accordance with Section 5 of this Agreement. The parking easements granted herein shall be limited to the number of spaces necessary to ensure that the HRA Parcel and/or the Candlewood Parcel are in compliance with the parking requirements of the appropriate governmental entities for the intended use of such parcel;provided, however,that in no event shall the Owner of a parcel be entitled to use more than twenty-five(25) parking spaces located on the other Owner's parcel at any given time. 3. Signage Easements. The'Owner of the HRA Parcel hereby grants:and conveys to the Owner of the Candlewood Parcel an easement for signage purposes over and along that portion of the BRA Parcel,as described in Exhibit E,which is attached hereto and incorporated herein by this • reference(the"HRA Signage Easement Area"),for the purpose of erecting,repairing,maintaining, improving,changing,and removing an identification sign for the Candlewood Parcel and the HRA Parcel(the"HRA Sign"). Such HRA Signage Easement Area shall include a utility easement along and across the HRA Signage Easement Area for the purpose of servicing the HRA Sign. The ability of the Owner of the Candlewood Parcel to place signage on the HRA Parcel shall be limited to the use of one-half of the signage area of the HRA Sign. The Owner of the Candlewood Parcel hereby grants and conveys to the Owner of the HRA Parcel an easement for signage purposes over and along that portion of the Candlewood Parcel,as described in Exhibit F, which is attached hereto and incorporated herein by this reference (the "Candlewood Signage Easement Area"), for the purpose of erecting, repairing, maintaining, improving,changing,and removing an identification sign.for the Candlewood Parcel and the HRA Parcel(the"Candlewood Sign"). Such Candlewood Signage Easement Area shall include a utility easement along and across the Candlewood Signage Easement Area for the purpose of servicing the Candlewood Sign. The ability ofthe Owner ofthe HRA Parcel to place signage on the Candlewood Parcel shall be limited to the use of one-half of the signage area of the Candlewood Sign. Nothing contained in this Agreement shall be deemed a gift or dedication of any portion of the easement areas to the general public,or for any public purpose. -2- 4. Initial Construction. The cost of the construction of improvements within the BRA Easement Area,including but not limited to driveways,sidewalks,and parking areas shall be borne by the Owner of the HRA Parcel. The cost of the construction of improvements within the Candlewood Easement Area,including but not limited to driveways,sidewalks,and parking areas shall be borne by the Owner of the Candlewood Parcel. The construction ofthe HRA Sign and the Candlewood Sign(collectively,the"Signs")shall be completed by the Owner of the Candlewood Parcel and the actual out-of-pocket cost of the construction of such Signs shall be borne by the Owner of the Candlewood Parcel; provided, however,ifthe Owner ofthe HRA Parcel.elects to use the Signs it shall reimburse the Owner of the Candlewood Parcel for one-half of the actual out-of-pocket costs of construction of such Signs (excluding the cost of any sign face advertising the Owner of the Candlewood Parcel). Notwithstanding anything in this:Agreement tothe contrary,the costs of constructing,maintaining, . repairing and replacing each sign face constructed or to be constructed on the Signs shall be the sole responsibility and liability of the Owner of such sign face. 5. Maintenance and Repair. The parties agree that the HRA Easement Area, the Candlewood Easement Area, the HRA Signage Easement Area, and the Candlewood Signage Easement Area(collectively,the"Easement Areas")shall be kept in a first-class and serviceable condition,in accordance with generally accepted maintenance standards for first-class commercial real estate in the Twin Cities Metropolitan Area. Unless maintained or repaired.at the cost of any . third party having a right to use any portion of the Easement Areas,or as otherwise provided in this Agreement,(1)the Owner of the HRA Parcel shall be responsible,at its expense,for all necessary maintenance,repair and replacement(Including,without limitation,paving,repaving,sealcoating, striping ofparkingstalls,snow and ice removal,and maintenance and repair of curbing,medians,and light poles)ofthe HRA Easement Area and BRA Signage Easement Area,and(ii)the Owner of the Candlewood Parcel shall be responsible at its expense,for all necessary maintenance,repair and replacement(including without limitation,paving,repaving,sealcoating,striping of parking stalls, snow and ice removal, and maintenance and repair of curbing, medians, and light poles) of the • Candlewood Easement Area and Candlewood Signage Easement Area. . In the event any Owner,or its Permittees performs excavations or otherwise disturbs any of the Easement Areas in the course of maintenance,repair,replacement or other activity or usage of the Easement Areas,the party shall promptly restore the damaged,excavated,or disturbed area to substantially the same condition as existed immediately prior to the damage, excavation, or disturbance. 6. Self-Help Remedies. If any Owner shall default with respect to any of its obligations set forth herein(including its maintenance obligations)and shall fail within thirty(30)days after receipt of written notice from the,other Owner to cure such default,then the non-defaulting Owner shall have the right,at its election,but not the obligation,and in addition to such other rights and remedies as maybe available at law or in equity,to cure such default for account ofthe defaulting -3- 4 ^ Owner,and shall be reimbursed by the defaulting Owner for the reasonable cost and expenses so incurred(including reasonable attorney's fees)within thirty(30)days of receipt of written demand for payment,together with reasonable documentation substantiating such costs and expenses. Any . sums not reimbursed within such thirty(30)day period shall bear interest thereon at the rate oftwelve percent(12%)per annum,or the highest lawful rate,whichever is lower. The thirty(30)day cure period,shall be extended in cases where the default cannot be cured within thirty(30)days but can be cured during a longer time,so long as the defaulting Owner is diligently pursuing such cure. In the event of an emergency,no prior notice shall be required to be given by the non-defaulting Owner prior to exercising its remedies hereunder so long as the non-defaulting Owner provides written notice of such emergency to the defaulting Owner promptly upon completion of such cure. Provided an Owner has been given written notice of the existence of a first mortgage lienholderonthe other Owner's parcel,the non-defaulting Owner shall provide a copy of such notice of default to the defaulting Owner's first mortgage lienholder and any and all cure right vested in the Owner shall also be vested in such first mortgage lienholder. The non-defaulting Owner shall accept performance of such cure of default by the defaulting Owner's first mortgage lienholder. 7. Temporary Access Road.Notwithstanding anything in this Agreement to the contrary, the Owner of the Candlewood Parcel hereby agrees to construct a temporary access road over and along that portion of the HRA Easement.Area shown on Exhibit 0,which is attached hereto and incorporated herein by this reference (the "Temporary Access Road"). The Owner of the Candlewood Parcel shall be responsible for all costs associated with the initial construction and maintenance of the Temporary Access Road;provided,however,that the obligation of the Owner of the Candlewood Parcel to pay all of the maintenance costs associated with the Temporary Access Road terminates upon the sale of any portion of the HRA Parcel by HRA. Upon any such sale,the Owner of the HRA Parcel shall be responsible for its share of any and all maintenance costs as set forth in Section 5 of this Agreement. 8. Indemnification,Insurance.and Waiver of Subrogation. Each Owner,for itself,and for its respective heirs;administrators,legal representatives;successors,devisees,and assigns in title to the Candlewood Parcel and the HRA Parcel,respectively, shall indemnify,hold harmless and defend the Owner(and any mortgagee now or hereafter of record)of the other Parcel,from and against any and all damages,liability,fees,penalties,and claims,including without limitation,those for personal injury,wrongful death or property damage arising out of or related to the use of any of the easement areas located on the indemnifying Owner's Parcel,except due to the negligence,willful misconduct or intentional wrong of the Owner to be indemnified. This indemnity shall be binding upon the Owners of the Parcels and their successors in interest only with respect to matters or events which occurred during the period the indemnifying party was the record title holder of the Candlewood Parcel or the HRA Parcel,as applicable. Each Owner shall keep in force a policy of public liability insurance for at least a combined single limit of Seven Hundred Fifty Thousand Dollars ($750,000)naming the other party as an -4- • • 5 � additional named insured,to cover all claims for death,personal injury,and property damage and the cost of defending the same arising out ofthe actions or omissions ofthe party carrying the policy,and its Permittees. Except to the extent caused by any willful misconduct or intentional wrong of the Owner to be released,each Owner hereby releases the other Owner from any liability for any loss or damage to its property or the improvements located on its Parcel to the extent the loss or damage is covered by fire and extended coverage insurance,regardless ofthenegligence on the part ofany other Owner, it being the intent of the Owners to waive any right or claim which might give rise to a right of subrogation in any insurance carrier. 9. Interference with Easements. Neither of the parties shall erect or place or permit to ' be erected or placed any improvement,obstruction,or impediment which would interfere with the free and unrestricted use and enjoyment of the parking areas,driveways,signage areas or easements and rights granted pursuant to this Agreement. 10. Covenants punning with the Land. Each reference to HRA or Candlewood shall be deemed to include each of such entities' successors and assigns. The easements, rights, and obligations created hereby shall run with the land and benefit andbind the present and future Owners of the HRA Parcel and the Candlewood Parcel. 11. Notices. All notices,demands,consents and requests which may be or are required to be given by either party to the other hereunder shall be either personally delivered(including overnight delivery service)or by facsimile transmission,and addressed as follows: To HRA: City of Richfield,Minnesota Housing Redevelopment Authority 6700 Portland Avenue Richfield,Minnesota 55423-2599 Phone: (612)861-9760 Fax: (612)861-8974 Attn: John Melin,Community Development Manager Bruce Palmborg,Community Development Director To Candlewood: Candlewood Minneapolis,MN,LLC 9342 E.Central Wichita,Kansas 67206 Phone:(316)630-5500 Fax;(316)630-5612 Attn:Jeffrey F.Hitz -5- The foregoing address may be changed from time to time by written notice. Notices shall be deemed received uponpersonal delivery or facsimile confirmation thereof or on the next business day if delivered by overnight delivery service. 12. Arbitration. All claims,demands,disputes,controversies,and differences that may arise between the parties regarding the terms of this Agreement shall be settled by arbitration in the following manner: 12.1. After a controversy has arisen between theparties,either party may,by written notice to the other,appoint an arbitrator who shall be a person experienced in the matter being submitted to arbitration. As an example,if the dispute involved is whether a party has defaulted in its maintenance obligations to be performed on the driveways,the arbitrator must be experienced in the maintenance,repair and replacement of drives and driveways. The other party shrill,by written notice,within fifteen(15)days after receipt of such notice by the first party,appoint a second arbitrator who must also be experienced in the matter being submitted to arbitration. In default of the timely appointment of the second arbitrator,the first arbitrator shall be the sole arbitrator. 12.2. When two arbitrators have been appointed as hereinabove provider],they shall, if possible,agree on a third arbitrator and shall appoint him by written notice signed by both of them and a copy mailed to each party hereto within fifteen (15) days after such • appointment. 12.3. In the event fifteen(15)days shall elapse after the appointment of the second arbitrator without notice of appointment of the third arbitrator as hereinabove provided,then, upon the written request of either party,or both,the third arbitrator shall be appointed by the Arbitration Committee.of the_American.Arbitration Association. 12.4. On appointment ofthree arbitrators as hereinabove provided,such arbitrators shall undertake such fact-finding measures as they deem necessary to resolve a controversy that has arisen under this Agreement and shall render their award,including a provision for payment of costs and expenses of arbitration to be paid by one or both of the parties hereto, as the arbitrators deem just. 12.5. The award of the majority of the arbitrators shall be binding on the parties hereto although each party shall retain his right to appeal any questions of law arising at the hearing,and judgment may be entered thereon in any court having jurisdiction. 13. Choice of Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Minnesota,without regard to choice of law provisions. -6- (99 14. Entire Agreement. This document contains the entire Agreement ofthe parties with respect to the subject matter hereot and may not be amended except in a writing signed by each of the parties hereto. IN WITNESS WHEREOF,the undersigned have executed this Agreement as ofthe date first above written. Candlewood Minneapolis,MN,LLC Housing Redevelopment Authority by Candlewood Hotel Company,Inc. Its Manager • B �'�IL i By C Y �A c. it �1 17. 3: i€3 /3 L . RQs15s as . l>> . Piet tic atir afUtt.cmw;w/' as ..r .GGIrez„t,. ' Date: u►.t+ve,_ t ' cog Dater k119' A' Housing L. velopment Authority By wmem, as G.i'LL,L ,.�c'tsL� Date: MG, , /951 -7- _ Io • ACKNOWLEDGMENTS • STATE OF KANSAS • ) ) ss. COUNTY OF SEDGWICK ) This Cross Access Eas ,s Agreein was acknowledged before me on the,a_day of Li.!•1P , 1998,by ,c as Sr.V.QQkprot.lj ik' ,of Candlewood Hotel Company,Inc. I. MARGE RICHARDSON _ NfIAR PUBLIC ��'• ' _, �1-_,..,_' _ It.' A �� � My AppL E Fi j b Dnt otary Pu My Commission Expires: Nos. 6 MID i . • STATE OF MINNESOTA ) ) ss. COUNTY OF HENNEPIN ) This Cross Access Eas ent Agreement acknowledged before me on the ay of 1f;y. , 1998,by .;.. f• j4 L44E , ,as ��rp,�.0 rl (A�r°Lof the Housing Redevelopment uthority. KATIA MEDVETSKI �' , NOTARYPIBLIC•MINESO , 6-. , wc,c,n ssiongipfiesk..31.2000 Iotary Public My Commission Expires: Ittli • [acknowledgments continued] .8- STATE OF MINNESOTA ) ) ss• COUNTY OF HENNEPIN ) This Cross Access Easement Agreement was acknowledged before me on the. day of ,1998,by t i p- j444 4. vLa/,as ipilikige A4 °f the Housing Redevelopment Authority. KATfA MEAVETSK1 1. 4 44' f,f't� NoTARYTWO:1111/1171 � � MyCc�nnbsiOnE�+ues Notary Public • My Commission Expires: v. 3/ eiN ` • v • • • -9- 1 5- 1 ?- EXHIBIT A-BRA PARCEL That part of the West 305.00 feet of the East 330.00 feet of the Southeast Quarter of the Southwest Quarter of the Southwest Quarter of Section 34,Township 28,Range 24, which lies northerly of a line described as beginning at a point in the west line of said East 330.00 feet distant 160.77 feet south of the northwest corner thereof;thence easterly,at a right angle distance of 136.00 feet;thence southerly at a right angle 42.80 feet;thence easterly at a right angle 65.00 feet;thence southerly at a right angle 18.00 feet;thence easterly at a right angle 104.00 feet to a point in the east line of said West 305.00 feet of the East 330.00 feet distant 222.86 feet south of the north line of said Southeast Quarter of the Southwest Quarter of the Southwest Quarter and said line there terminating,except the north 30.00 feet thereof;according to the United States Government survey thereof Hennepin County,Minnesota. '3y_61 -2(1 _ 33- 00 83 0015 lql2 TAXES PAID AND PRIOR T TAXPAYER SERVICES TRANSFER ENTERED JR 14 1303 Aia "T... N. D PUFY • ✓` 5 - I3 EXHIBIT B'-CANDLEWOOD PARCEL That part of the West 305.00 feet of the East 330.00 feet of the Southeast Quarter of the Southwest Quarter of the Southwest Quarter of Section 34,Township 28,Range 24, which lies southerly of a line described as beginning at a point in the west line of said East 330.00 feet distant 160.77 feet south of the northwest corner thereof thence easterly,at a right angle a distance of 136.00 feet;thence southerly at a right angle 42.80 feet;thence easterly at a right angle 65.00 feet;thence southerly at a right angle 18.00 feet;thence easterly at a right angle 104.00 feet to a point in the east line of said West 305.00 feet of the East 330.00 feet distant 222.86 feet south of the north line of said Southeast Quarter of the Southwest Quarter of the Southwest Quarter and said line there terminating,except that part taken for Interstate Highway Number 494,according to the United States Government survey thereat Hennepin County,Minnesota. 1 5--I`t EXHIBI .. 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N ^SITE PLAN- INTERSTATE Nl■IY 4414 1.0 SCALE Ili Iir i . - I ( - T E: :t .1A SIGNAGE EASEME :T AREA. —•—•--- ET h-STR-E -WCSTBOUND-•_ —:_•._. ._.—._._.—.—.— ._._._._._._ II .. . • , -1I -•_•_--7-7t Ft-STREET-EASTBOUND-------.-._._•_._._._._._u .-•-•-•-.-•- il NOTO./RrTAVIONT•. r.o,..,ar !GI..96YAlt.f!Ll.1},•;- ( n CB I u I u I u i EASEMENT AREA 1 — I is I 1 - 1 -� I � I I I I•r 1 ^ 1 S. es Mama imam t I b i M,, �I ^ 1 -�r_�rltLca��miims sllEl - I o i, { 1 �� : • u 1 �I - f I PI ■ 4 I ■ Y I 11 1 °n' ' • 111111111311 -- ' i ss‘a S.O•. i NNW. nil 1 i›. •tea s+,-a a-a y-rrr.a'rr a• a•a m.o. se-w ,m_,• yo• 1, I - - nib i • iir 1 • III _ r._ I 1 1 ■ — • 2 II { rli + I is — _AM ill -Nut II _ n E I • �,� — I ,y { I. /> (a / r s • - y I —- I n I .I� ��sixes � 1 1 Nib, '�I/1�■■t= I r ..■' ••i1ih1:.=9: I I - I I �1 / wr A A ■ E I ; • I ... �J ■ - 1 I- 4377 • 4 aa.:i.�-. ....,, s.aai 4 tLJ rsTAutrxt— II �� r-L • .. 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" ter■••••••■■: - ' '' 1 1 1 1 , x.... ,1 w i4I. i1 'F& ii 1 ^ ■ 1 o BB u• rmMT'Willa V • u • srrYrrevari . __._____r._.._ +_ . • __ Od - w r u ��•�� II 78th STREET' w • mama.o. • N NO PLAN INTERSTATE 1-11/4Y 494 FIRST AMENDMENT TO CROSS ACCESS EASEMENT AGREEMENT THIS FIRST AMENDMENT TO CROSS ACCESS EASEMENT AGREEMENT (the "First Amendment Agreement"), is made and entered this 24th day of April, 2013, by and between the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota, a public body corporate and politic under the laws of Minnesota ("HRA") and Candlewood Minneapolis, MN, LLC, a Delaware limited liability company ("Candlewood"). This agreement amends the Cross Access Easement Agreement (the "Easement Agreement"), dated June 22, 1998, between the HRA and Candlewood. All terms capitalized and not defined herein shall have the meaning given such terms in the Easement Agreement. RECITALS WHEREAS, pursuant to the Easement Agreement, the HRA has provided Candlewood with a non-exclusive easement for vehicular and pedestrian traffic over and across portions of the HRA Parcel for purposes of ingress, egress, parking and maintenance of such easement; and WHEREAS, pursuant to the Easement Agreement, Candlewood has provided the HRA with a non-exclusive easement for vehicular and pedestrian traffic over and across portions of the Candlewood Parcel for purposes of ingress, egress, and parking and maintenance of such easement; and WHEREAS, the parties have agreed that certain amendments should be made to the Easement Agreement; and NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties agree as follows: 1. The HRA Easement Area referred to in Section 2 and depicted in Exhibit C of the Easement Agreement is amended as set forth in Amended Exhibit C attached hereto. 2. The Candlewood Easement Area referred to in Section 2 and depicted in Exhibit D of the Easement Agreement is amended as set forth in Amended Exhibit D attached hereto. 3. The signage easements referenced in Section 3 of the Easement Agreement will remain as stated. 4. The following paragraph shall be added to Section 7 of the Easement Agreement, as well as Exhibit G of the Easement Agreement: Upon the sale of the HRA Parcel by the HRA, the temporary access road depicted herein will become a permanent access road. Upon the sale of the HRA Parcel by the HRA, Candlewood will no longer be responsible for any maintenance costs related to the temporary or permanent access road. 5. Except as specifically amended by this First Amendment Agreement, the Easement Agreement is hereby ratified and confirmed, and remains in full force and effect. (The remainder of this page is intentionally left blank.) J 'pl IN WITNESS WHEREOF, the undersigned have executed this First Amendment to Cross Access Easement Agreement as of the date first written above. Candlewood Minneapolis, MN, LLC By Candlewood Hotel Company, Inc. Its Manager By Its Date: STATE OF KANSAS ) COUNTY OF SEDGWICK ) This First Amendment to Cross Access Easement Agreement was acknowledged before me on this day of April, 2013, by , the of Candlewood Hotel Company, Inc. Housing and Redevelopment Authority in and for the City of Richfield By Its Chair Date: STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) This First Amendment to Cross Access Easement Agreement was acknowledged before me on this day of April, 2013, by Suzanne Sandahl, the Chair of the Housing and Redevelopment Authority in and for the City of Richfield. By Its Executive Director Date: STATE OF MINNESOTA ) COUNTY OF HENNEPIN ) This First Amendment to Cross Access Easement Agreement was acknowledged before me on this day of April, 2013, by Steven Devich, the Executive Director of the Housing and Redevelopment Authority in and for the City of Richfield. 77Ff-i kFr, vvt T-flUfivp � r ; I l �. - - - 7-7`-1 sig i EAST �QCNp `, . _i A.: ` r3 ° I„,„,,?PPPFPIVI _ ,,,,,, .,.. O Iim PROPOSED : %// H 1, 1 0 1� 1-�.'-- BUILDING �K%/i Is `m✓- ,� 4/, �,° is l le EE 1111117F a 3 \ r r, n-ii--- 1J, II I I I 11 [in-- °- I I I I - c. I• Ir__ I 1 I 1 - - �— = = w l sJr�- _ N -- -- _� _) -ri- <---1 r r «_ _.)i ji ly-- .TI L I -- i rr _ --- L-- — ---ll 4 _--1 _ D e.IL- ------ n --- E 3 Q 1i_-- - -I-LI d O ii _Jr-- U A T 1 c h it tl IT I 1 a E d. --r, 1-Ir-- ---ll �--- - -r 1 rF--: ---�I I I ---tl 4--- I 1 LIL- .y1 1_-II ---11 4--- ---T ---1 = _r. 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