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2026-03-26 24-71382 Stormwater Management Agreement(Resewed for Recording Data) STORMWATER MANAGEMENT AGREEMENT This AGREEMENT made this Z� day of March, 2026, by and between the CITY OF ALBERTVILLE, a Minnesota municipal corporation (hereinafter referred to as the "City") and JAVA Albertville Retail, LLC, a Minnesota limited liability company, (hereinafter referred to as the "Developer"). WHEREAS, the Developer is the fee owner of certain real property situated in the City of Albertville, County of Wright, State of Minnesota legally described as: Lots 1 and 2, Block 1, Java Retail Addition, Wright County, Minnesota. (hereinafter referred to as the "Subject Property") which the Developer has obtained the approval of the City for the development thereof; and WHEREAS, the City has required that the Developer make provision for the construction, maintenance and repair of the Pond ("Stormwater Pond") located within the boundaries of the Subject Property as shown on Exhibit "A" attached hereto, as the same is described and depicted in those certain construction plans prepared by Design Tree, dated October 14, 2025, ("Plans"). WHEREAS, the City and Developer desire to set forth their understanding with respect to the construction, repair and maintenance of the Stormwater Pond and the responsibility relating to the costs of the repair and maintenance of the Stormwater Pond. NOW THEREFORE, in consideration of the foregoing facts and circumstances, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 1. Construction and Maintenance of Stormwater Pond. The Developer agrees to construct the Stormwater Pond according to the Plans and repair and maintain the Stormwater Pond at its sole cost and expense. Maintenance of the Stormwater Pond shall mean (i) monthly inspections of the Stormwater Pond and, if necessary, removal of all litter and debris, and replacement of mulch, vegetation, and eroded areas to ensure establishment of healthy functioning plant life therein; and (ii) an annual inspection, and certification, by a qualified individual or company acceptable to the City that the Stormwater Pond is functioning in accordance with the approved plans and have maintained the proper operation of the stormwater treatment as a Stormwater Pond according to the City Standards. If, as a result of an inspection by a qualified individual or company acceptable to the City or City staff, it is determined that the Stormwater Pond (1) has not been maintained; or (2) is not functioning as originally designed and intended; or (3) is in need of repair, the Developer agrees to restore the Stormwater Pond so that it functions as it was designed and intended. The Developer further agrees that they will not use the Stormwater Pond for snow storage and will inform its snow removal contractors of this provision of the Agreement. Subject to Section 4 below, Developer shall be solely responsible for the repair and maintenance of the Stormwater Pond. 2. Developer's Default. In the event of default by the Developer as to any of the work to be performed by it hereunder, following at least thirty (30) days prior written notice and Developer's failure to cure such default within such time -frame, except in an emergency as determined by the City, the City may, at its option, perform the work and the Developer shall promptly, following receipt of an invoice and reasonable substantiation of such costs, reimburse the City for any reasonable out-of-pocket expense incurred by the City. This Agreement is a license for the City to act when so authorized under this Agreement, and it shall not be necessary for the City to seek a Court order for permission to enter the Subject Property. When the City does any such work, the City may, in addition to its other remedies, assess the reasonable out- of-pocket cost in whole or in part. 3. Future City Policy. Notwithstanding anything contained in this Agreement to the contrary, in the event the City shall in the future establish a policy for repair and maintenance by the City of stormwater ponds owned by private parties located elsewhere in the City under which policy the costs of such repair and maintenance are to be paid either out of general City revenues or by collection of utility or service fees or charges, then any owner of any portion of the Subject Property shall be entitled to petition the City for the inclusion of the Stormwater Pond under such repair and maintenance program. The recording of a certified copy of the Resolution of the City Council of the City which sets forth the consent and authorization described in the foregoing sentence shall serve to terminate this Agreement, without further action on the part of any party hereto. 4. Terms and Conditions. This Agreement shall run with the land and shall be binding upon Developer's successors and assigns with respect to the Subject Property. The terms and conditions of this Agreement shall be binding upon, and shall insure to the benefit of, the parties hereto and their respective successors and assigns. IN WITNESS WHEREOF, the parties hereto have caused this document to be executed as of the day and year first above written. 2 CITY OF ALBERTVILLE BY: AND STATE OF MINNESOTA ) ) ss. COUNTY OF WRIGHT ) lian Hendrickson Mayor Kris Luedke, City Clerk The foregoing instrument was acknowledged before me this day of March, 2026, by Jillian Hendrickson, the Mayor and City Clerk of the City of Albertville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. KRISTINE ANN LUEDKE NOTARY PUBLIC MINNESOTA My Commission Expiros January 31, 2028 STATE OF MINNESOTA ss. COUNTY OF WRIGHT NOTARY PUBLIC The foregoing instrument was acknowledged before me this � day of March, 2026, by Kris Luedke, the City Clerk of the City of Albertville, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. „���.�5,^ Maeghan Marie Becker Minnesota My Commission Expires 01/31/2031 3 DEVELOPER: JAVA ALBERTVILLE RETAIL, LLC Mark Kro Its: Manager STATE OF MINNESOTA ) ) SS. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this 2% day of March, 2026, by Mark Krogh, the Manager of JAVA Albertville Retail, LLC a Minnesota limited liability company. MELISSA KAE PAGE BOESHANS Notary Public State of Minnesota My Commission Expires January31, 2030 DRAFTED BY: Couri & Ruppe, P.L.L.P. P.O. Box 369 St. Michael, MN 55376 (763) 497A930 C! 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