2001-08-09 Documents to Record
Michael C. Couri.
Andrew J. MacArthur
Robert T. Ruppe..
COURI & MACARlliUR
*Al.\v lians..t in llIinois
Attorneys at Law
705 Central A venue East
PO Box 369
St. Michael, MN 55376-0369
(763) 497-1930
(763) 497-2599 (FAX)
couriandmacarthur@pobox. com
** Al.\v licms..t in CAli/iJlnu.
August 9, 2001
VIA FACSIMILE
Mr. Lany Mountain
Land Title, Inc.
1900 Silver Lake Road
Suite 200
New Brighton, MN 55112
Re: City of Albertville;:J.~ I4katlat. ,
Dear Mr. Mountain:
This letter will confmn the order in which documents are to be recorded relating to
the filing of the Towne Lakes Plat and Developer's Agreement between the City of
Albertville and Contractor Property Developers Company. The order of recording should
be as follows:
1. Towne Lakes Plat.
2. Towne Lakes Developer's Agreement.
3. Subordination Agreement executed by Balfany Development, Inc. relating to
document number 684470.
4. Subordination Agreement executed by Alliance Bank relating to that certain
$1,500,000 mortgage deed executed by Contractor Property Developers Company in
favor of Alliance Bank.
The plat and developer's agreement should be recorded ahead of any existing or
future mortgages or other liens. A Subordination Agreement for the Balfany mortgage is
enclosed. I do not have enough detail on the Alliance Bank mortgage to draft that
Subordination Agreement. Can you prepare that document based upon the enclosed
Balfany form?
Please contact me when these documents have been recorded as directed in this
letter. If you are unable to record the documents as detailed here, please call me before
recording any documents related to this property. Thank you.
",<..
~
Mr. Lany Mountain
August 9,2001
Page 2 of2
Sincerely
7ft:i,/ C,,~'V
Michael C. Couri
Couri & MacArthur
Cc: Linda Goeb
,... ..