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2019-09-17 Lot 1, Block 5 Findings per Attorney Kim Olson From:Mike Couri <mike@couriruppe.com> Sent:Tuesday, September 17, 2019 1:19 AM To:Adam Nafstad; Al Brixius Cc:Kim Olson; Tina Lannes Subject:Scherer Bros Lot, Lot 1, Block 5, Town Lakes First Addition Adam, I have checked the deed record on Lot 1, Block 5 Towne Lakes (the First Addition plat) which is now owned by Scherer Bros Lumber Company. The Master Developer’s Agreement for Town Lakes (also known as the Developer’s Agreement for Town Lakes First Addition) that was recorded as document no. 756748 in 2001 called for Lot 1, Block 5 is to be used as a sales office (which the Developer was to construct) until all lots were sold by Developer, then it was to be deeded to the Homeowners’ Association for use as a community center or other Homeowners’ Association use, likely as an Association common element. The Developer’s Agreement required the Developer to build the sales office and required a pool to be built on the same property, immediately adjacent to the sales office. The idea appears to be that the sales office would be a community center/pool building with the pool on the same lot after all lots were sold. The Towne Lakes Third Addition Developer’s Agreement required the Developer to build the pool in the Third Addition, where it is currently located, which the Developer did construct along with a barn as a community center. However, the Third Addition Developer’s Agreement was silent on what was supposed to happen to Lot 1, Block 5, Town Lakes First Addition. That lot remained in the ownership of the Developer until it was transferred to Scherer Brothers Lumber when the Developer went out of business in 2006. The lot was never identified as a common element in the Declarations for the development, nor was the lot ever transferred to the Homeowners’ Association. Lot 1, Block 5 was not defined as a common element in the original Town Lakes First Addition Declaration. On September 9, 2009, The City and Scherer Brothers entered into an agreement recorded as document no. st 1133448. That agreement affected Lot 1, Block 5, Towne Lakes 1 Addition and several other lots Scherer Brothers received from the Developer. Under this agreement, Scherer Brothers paid the City $19,000 in overdue water bills that were unpaid by the Developer and the City agreed that Scherer Brothers would have no liability or responsibility for performance under the Development Agreement that is different from the liability or responsibility for performance of the owners of similarly situated lots that are subject to the Development Agreement. The idea here was that by paying the $19,000, Scherer Brothers would not be responsible for any other debts or obligations of the Developer as a successor to the Developer. I do not believe this 2009 agreement affected the status of Lot 1, Block 5, Town Lakes First Addition. At this point Lot 1, Block 5 is still bound by the terms of the Towne Lakes First Addition Developer’s Agreement in that it can only be used as a community center/pool or other HOA use. Because the First Addition Developer’s Agreement was only between the Developer and the City, the City and Scherer Brothers (as successor to the Developer) can modify the terms of the Developer’s Agreement and release the use restrictions on Lot 1, Block 5 and release the Developer from its obligation to deed the lot to the Homeowner’s Association. That would clear the way for Scherer Brothers to develop the lot residential purposes, or perhaps even split the lot into two lots. 1 If the City Council wanted to release Lot 1, Block 5 from the terms of the Developer’s Agreement, I would suggest that we enter into an agreement with Scherer Brothers that would require the lot to be governed by the residential restrictions of the First Addition Developer’s Agreement, and require that the lot be brought into the Homeowner’s Association (if that is still possible) so that it is under the same architectural standards as the other Towne Lakes lots. I also suggest that the Homeowners’ Association be informed of the City’s intent and that it be given a chance to comment on the proposed transaction. Michael C. Couri Couri & Ruppe, P.L.L.P. 705 Central Avenue East P.O. Box 369 St. Michael, MN 55376 763-497-1930 2