1997-10 Memorandum of Development Agreement
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MEMORANDUM OF DEVELOPER'S AGREEMENT
This MEMORANDUM OF DEVELOP~S AGREEMENT is made as of the
day of October, 1997, between Pilot Land Development Company, Inc. ("Developer")
and the City of Albertville ("City").
WITNESSETH:
WHEREAS, Developer and City have entered into a Developer's Agreement of even
date herewith (hereinafter referred to as the "Developer's Agreement") applying to that plat
known as Parkside Fomth Addition located in the City of Albertville, Wright County,
Minnesota; · and Developer and City desire to have a memorandum of the Developer's
Agreement recorded in the real property records of Wright County, Minnesota.
NOW, THEREFORE, Developer and City hereby state the fonowing for recording:
1. Developer is developing a parcel of property within the City, said parcel legally
described on the attached Exhibit A.
2. Said parcel described on the attached Exhibit A is subject to the terms of the
Developer's Agreement as wen as any amendments thereto duly adopted by the City
and Developer from time to time, and all. of the terms and conditions of said
Developer's Agreement are hereby incotpOrated by reference. Said Developer's
Agreement is on file with the Clerk of the City and is available for inspection and
copying at said Clerk's office.
3. The Developer's Agreement governs the subdivision, development and use of the real
property described on the attached Exhibit A
4. The covenants, conditions and agreements contained in the Developer's Agreement
shall be binding upon and inme to the benefit of the parties respective heirs,
administrators, executors, representatives, successors and assigns.
5. This Memorandum of Developer's Agreement is solely for recording putposes and
shall not be construed to alter, modify or supplement the Developer's Agreement
CITY OF ALBERTVILLE,
By
Its Mayor
1
By
Its Clerk
\
DEVELOPER,
PILOT LAND DEVELOPMENT,
INC.
By Kent Roessler
Its President
STATE OF MINNESOTA )
) ss.
COUNTY OF WRIGHT )
The foregoing instrument was acknowledged before me this day of
October, 1997, by Mark Olson as Mayor of the City of Albertville, a Minnesota municipal
cOlporation, on behalf of the city and pmsuant to the authority of the City Council.
NotaIy Public
STATEOFMINNESOTA)
) ss.
COUNTY OF WRIGHT )
The foregoing instrument was acknowledged before me this day of
October, 1997, by Linda Houghton, as Cletk of the City of Albertville, a Minnesota municipal
cotporation, on behalf of the city and pursuant to the authority of the City Council.
NotaIy Public
2
.
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EXHIBIT A TO MEMORANDUM OF DEVELOPER'S AGREEMENT
The Real Property subject to the Developer's Agreement is legally described as follows (prior
to platting):
That part of the north 35.00 acres of the Northeast Quarter of Section 2, Township 120,
Range 24, Wright County, Minnesota, described as follows: Commencing at the northeast
comer of the said Northeast Quarter; thence South 10 07' 12" West, assumed bearing, along
the east line of the said Northeast Quarter, a distance of 169.00 feet; thence South 890 42'
05" West, a distance of 562.92 feet to the actual point ofbeginnlng; thence continue South
890 42' OS" West, a distance of774.06 feet; thence South 00 50' 26" West, a distance of
394.00 feet to the south line of the north 35.0 acres of said Northeast Quarter; thence North
89<> 41' 56" East along the said south line, a distance of774.06 feet; thence North 00 50' 26"
East, a distance of394.00 feet to the point of beginning. Containing 7.0 acres.
Also including Outlot C and Outlot D, Parkside Third Addition, Wright County, Minnesota.
Containing 1.6 acres.
The Real Property subject to the Developer's Agreement is legally described as follows (after
the filing of the Parkside Fomth Addition Plat):
Lots 1 through 11, Block 1
Lots 1 through 6, Block 2
OutlotsA and B
All said lots in Parkside Fomth Addition, City of Albertville, County of Wright,
Minnesota.