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2018-06-13 T.L. 6th 10th Amendment to Master Declaration TOWNE LAKES COMMUNITY ASSO CIATION TENTH AMENDMENT TO MASTER DECLARATION THIS TENTH AMENDMENT TO MASTER DECLARATION is made in the County of Wright, State of Minnesota, on this�_day of June,2018 by Towne Lakes Community Association, a Minnesota non-profit corporation; WHEREAS, Contractor Property Developers Company,� Minnesota corporation ("Master Developer") filed for record with the Wright County Recorder as Document No. 791007, a Master Declaration of Covenants, Conditions, Restrictuc�ns and Easements for Towne Lakes. WHEREAS, Master Developer filed for record on Decerml�er 4, 2003 with the Wright County Recorder as Document No. 887386 an Amended and Restated Master Declaration of Covenants, Conditions, Restrictions and Easements for Towne Lakes. (as amended,the "Master Declaration"); and WHEREAS, the Master Developer filed for record with the Wright County Recorder as .Docuxnent No. g39201, a First Amendment to Declaration, adding Additional Property to the Master Association; and WHEREAS, the Master Developer filed for record on with the Wright County Recorder as Document No. 893342, a Second Amendment to Declaration,adding Additional Property to the Master Association; and WHEREAS,the Master Developer filed for record with�I�e Wright County Recorder as Document No. 930495, a Third Amendment to Declaxation, adding Additional Property to the Master Association; and WHEREAS, the Master Association filed for record on with the Wright County Recorder as Document No. 939205, a Fourth Amendment to Dec�aration, adding real property to the Master Association; and WHEREAS, the Master Developer filed for record with the Wright County Recorder, as Document No. 939206, a Fifth Amendment to Declaration, adding Additional Property to the Master Association; WHEREAS, the Master Developer filed for record with the Wright County Recorder, as Document No. 941189, a Sixth Amendment to Declaration, adding Additional Property to the i Master Association; !I WHEREAS,the Master Developer filed for record with the Wright County Recorder as I Document No. 962383, a Seventh Amendment to Declaration, adding Additional Property to the ', Master Association; �I WHEREAS, the Master Association filed for record with the Wright County Recorder as , Document No. 983987, an Eighth Amendment to Declaxation, adding real property to the Master Association; WHEREAS,the Master Developer filed for record with the Wright County Recorder, as Document No. 1022922 a Ninth Amendment to Declaration, adding Additional Property to the Master Association; WHEREAS, Section 2.3 of the Master Declaration provides as follows: 2.3 Annexation of Other Property. In addition to the Additional Property, other real property may be annexed to the Property and subjected to this Master Declaration with the prior written approval of(i) the Master Board, (ii)the Master Developer so long as the Master Developer owns an unsold Unit for sale or has the right to subject any Additional Property to this Master Declaration, (iii) the Neighborhood Developer or Neighborhood Declarant of any new Neighborhood to be located on the property being added, and (iv)the Neighborhood Declarant or Neighborhood Developer of any Neighborhood to which the property is being added so long as it owns an unsold Unit for sale in the existing Neighborhood. Any property so annexed may be desigriated as Master Common Elements, or Units, or other Neighborhood Property. The Master Governing Documents shall be amended, as necessary, to subject the property to this Master Declaration, and to reallocated Master Common Expense obligations, voting rights, and memberships, and the amend to the Master Declaration shall be recorded. WHEREAS, The Master Developer no longer owns an unsold Unit for sale or has the right to subject any Additional Property to the Master Declaration. Therefore, the Master Developer's approval is not required in order to subject additional real estate to the Master Declaration; 2 WHEREAS, HSB Ventures, LLC, a Minnesota limited liability company (the "Neighborhood Declarant") is the owner of certa.in real estate legally described on Exhibit A, attached hereto (the "Property"). Neighborhood Declarant desires establish a new homeowners association(hereafter,the"Cottages of Towne Lakes"), and to and subject the Cottages of Towne Lakes and the Property to the terms of the Master Declaration and otherwise add the Property to Towne Lakes Community Association; WHEREAS,the Master Board also desires to subject the Cottages of Towne Lakes and the Property to the terms of the Master Declaxation and otherwise add the Property to Towne Lakes Community Association; NOW THEREFORE, the Master Board and Neighborhood Declarant hereby declare that the Property is and hereafter shall be subjectto the terms, declarations, covenants, conditions, easements, charges and liens set forth in the Master Declaration and the By-Laws of Towne Lakes Community Association(the"Master By-Laws"). This Tenth Amendment to Master Declaration is made upon the following further terms and conditions: 1. Definitions. All Terms used herein shall have the same meanings as in the Master ' Declaration unless the context otherwise requires. 2. Addition of Nei�hborhood Units and Nei�hborhood Common Elements. The property II legally described on Exhibit A, attached hereto, is hereby added to the Master �, Association. The Property will be part of Cottages of Tawne Lakes, a Neighborhood I Association as defined by the Master Declaration, and designated as units or common ' elements in the Cottages of Towne Lakes Declaration, and all amendments and supplements thereto. No Master Common Elements will be created out of the Property. 3. Reallocation of Membership in the Master Association, Master Votin� Ri�hts, and Master Common Expense obli at�ions. '�, a. In accordance with section 3.4 of the Master Declaration, the Cottages of Towne , Lakes is hereby assigned one (1) Membership in the Master Association; b. In accordance with sections 3.1, 3.2 and 6.1.2 of the Master Bylaws,the Cottages of Towne Lakes shall be entitled to appoint two (2)voting directors to the Master Board, each such Director having one (1) vote. The number of voting directors and votes allocated to the Cottages of Towne Lakes may be adjusted in the future, in accordance with the Bylaws, based on the number of Neighborhood Associations and number of Dwellings in each Neighborhood for which a Certificate of Occupancy has been issued. c. In accordance with Section 6.1 of the Master Declaration, the master common expense obligations shall be levied as Master Annual and Master Special Assessments against all Members and allocated among all Members substantially in proportion to the number of Units in the Member Neighborhood Association. Additionally, the Master Board may levy and allocate master common expense obligations in the form of Neighborhood Assessments among only certain Neighborhood Associations in 3 accordance with the requirements and procedures set forth in section 6.4 of the Master Declaration. 4. All other Terms Covenants and Conditions Applicable to the Propertv. All of the terms, covenants, and conditions set forth in the Master Declaration and Master By-Laws shall apply to the Property and shall otherwise be and remain unmodified hereby. IN WITNESS WHEREOF,the undersigned has executed this instrument the day and year first set forth in accordance with the requirements of MCIOA. TOWNE LAKES COMMUNITY ASSOCIATION �r Bx�.�� . ��� � , J� �1,�� , oa na a lson �` Its: resident STATE OF MINNESOTA ) ) SS COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this �_� day of June, 2018, by Joanna Paulson, as president of Towne Lakes Community Association, a Minnesota non-profit corporation, on behalf of the association. JENNAE M HOFFMAN �MINNESOTA�� tary Public My Commission E�irp Dec.3f.2020 HSB V URES,LLC By. =���.,._�..�.=y�_.�._ __-- ; / Its: /�e�C��r� 1"res,'c%�� STATE OF MINNESOTA ) ) SS COUNTY OF ) The forego'ng instrument was acknowledged before me this �_ day of June, 2018, by , as chief manager of HSB VENTURES, LLC, a Minnesota limited liabi ity co pany, on behalf of the limited liability company. .r------- s JENNAE M HOFFMAN — NOTARY PUBLIC o ary Public MINNESOTA r :; My Canmissia�Fxpires Dec.37,2020 4 THIS INSTRUMENT DRAFTED BY: Gries Lenhardt Allen, P.L.L.P. (JMP) 12725 43`a Street NE, Suite 201 St. Michael, MN 55376 (763) 497-3099 5 TOWNE LAKES COMMUNITY ASSOCIATION EXHIBIT "A" TO TENTH AMENDMENT TO MASTER DECLARATION Pronertv Nei�hborhood Association: Cotta�es of Towne Lakes Lots 1 —43, inclusive, Block 1, TOWNE LAKES 6TH ADDITION, Wright County, Minnesota. 6 STATE OF MINNESOTA ) )SS. SECRETARY'S AFFIDAVIT COUNTY OF WRIGHT ) Timothy Reiswig, upon being duly sworn on oath, daes depose and state as follows: 1. That I am the Secretary of Towne Lakes Community Association, a Minnesota non- profit corporation (the "Master Association"). 2. That the Towne Lakes Community Association Tenth Amendment to Master Declaration was approved by unanimous written vote of the Board of Directors of the Master Association on June 12, 2018. 3. Further your Affiant sayeth naught. /l � , , --_.. Timothy Reiswi , �Secretary �(�,(��(XQ� �) Subscribed and sworn to before me �l�3 �I�► 5���I-- this�day of June, 2018. tary Public r...w JENNAE M NOFFMAN NOTARY PUBLiC MINNESOTA My Commission E�es Dec.31.2020 i•