031008 EDA
~
CITY OF NEW HOPE
EDA MEETING
City Hall, 4401 Xylon Avenue North
March 10, 2008
EDA Meeting will commence upon
adjournment of the City Council Meeting
President Martin Opem Sr.
Commissioner Andy Hoffe
Commissioner Karen Nolte
Commissioner Steve Sommer
Commissioner Daniel Stauner
1. Call to order
2. Roll call
3. Approval of regular meeting minutes of February 25, 2008
4. Resolution authorizing signatures on Termination of Covenants and Restrictions
related to the North Ridge Care Center, 5430 Boone Avenue North, Minnesota
Masonic Home North Ridge, owner
5. Adjournment
EDA Minutes
Regular Meeting
CALL TO ORDER
ROLL CALL
APPROVE MINUTES
HOLIDAY
STATIONSTORE
IMP. PROJECT 844
Item 4
EDA Meeting
Page 1
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
February 25,2008
City Hall
President Opem called the meeting of the Economic Development Authority
to order at 8:00 p.m.
Present:
Martin Opem Sr., President
Andy Hoffe, Commissioner
Karen Nolte, Commissioner
Daniel Stauner, Commissioner
Absent:
Steve Sommer, Commissioner
Staff Present:
Kirk McDonald, Executive Director
Curtis Jacobsen, Community Development Specialist
Valerie Leone, City Clerk
Steve Sondrall, City Attorney
Motion was made by Commissioner Nolte, seconded by Commissioner
Stauner, to approve the Regular Meeting Minutes of January 28, 2008.
Voting in favor: Opem, Hoffe, Nolte, Stauner; Voting against: None; Absent:
Sommer; Abstained: None. Motion carried.
President Opem introduced for discussion Item 4, Motion to authorize staff
and city attorney to proceed with drafting a loan agreement for a Holiday
StationStore at 7180 42nd Avenue North, BCD Holdings, LLC applicant.
Mr. Kirk McDonald, executive director, explained that the applicant could not
be in attendance tonight. He stated the Council originally discussed the
developer's request for tax increment financing assistance at the February 11
council meeting. Subsequently the mayor and staff met with the developer on
February 12 to discuss other funding options such as a business loan. At the
February 19 work session the Council expressed general support of the
developer's modified request for a $60,000 low interest loan.
Mr. McDonald stated the request is for a $60,000 low interest loan at three
percent interest with a ten year amortization and payments starting 18
months after project completion. He stated funding of the business loan
would be provided through EDA reserves. Mr. McDonald stated as
recommended by Council, staff will perform appropriate due diligence and a
thorough review of the project pro-forma. Mr. McDonald stated if the EDA is
agreeable the next step is to authorize staff and the city attorney to draft the
appropriate loan documents.
President Opem stated three percent is the current prime rate. He pointed out
February 25,2008
MOTION
Item 4
ADJOURNMENT
EDA Meeting
Page 2
that based on the increased property value the city would net an additional
$150,000 in taxes over the next 25 years. The EDA commented on their
preference for a business loan rather than tax increment financing to enable
the development of the property.
Motion was made by Commissioner Stauner, seconded by Commissioner
Nolte, authorizing staff and city attorney to proceed with drafting a loan
agreement for a Holiday StationStore at 7180 42nd Avenue North, BCD
Holdings, LLC applicant. Voting in favor: Opem, Hoffe, Nolte, Stauner;
Voting against: None; Absent: Sommer; Abstained: None. Motion carried.
Motion was made by Commissioner Nolte, seconded by Commissioner
Stauner, to adjourn the meeting. All present voted in favor. Motion carried.
The New Hope EDA adjourned at 8:05 p.m.
Respectfully submitted,
~~
Valerie Leone, City Clerk
February 25,2008
EDA
Request for Action
Originating Department
Approved for Agenda
Agenda Section
Community Development
March 10, 2008
EDA
Item No.
By: Curtis Jacobsen, Director CD
By: Kirk McDonald, City Manager
4
Resolution authorizing signatures on Termination of Covenants and Restrictions related to the North Ridge
Care Center, 5430 Boone Avenue North, Minnesota Masonic Home North Rido-e, ovm.er
Requested Action
The Economic Development Authority (EDA) is requested to approve the resolution authorizing signatures
on the Termination of Covenants and Restrictions related to North Ridge Care Center at 5430 Boone Avenue
North. The agreement was originally approved by the New Hope BRA (Housing Redevelopment Authority).
Subsequent to that time, the New Hope EDA was established and BRA activities are now routinely handled
through the EDA, per the city attorney.
Policy/Past Practice
It is the past practice of the EDA to authorize signatures, when appropriate, on documents related to projects
within the city that have complied with original approval documents as amended, completed and verified.
Background
The HRA last met in session on March 8, 1999, at which time the sale of North Ridge Care Center to
Mllmesota Masonic Homes and the release of the nursll1g home portion of the development from the
agreement ll1 consideration for the payoff amount of $585,000 was the topic. The origll1al agreement entered
ll1to on December 17, 1982, contained certain covenants and restrictions that the property be available for
occupancy by lower ll1come tenants per Internal Revenue code. Subsequent to various amendments over the
years, the ll1come restrictions were scheduled to expire on May 15, 2007. All rental requirements imposed by
the covenants and restrictions are still in effect and will remain so per other documents and resh'ictions
pertall1ll1g to North Ridge Care Center.
Motion by
Second by
To:
I: \RFA \PLA.Nl\.TL"JG\PLAN.N1NG\Plannin \ Q & R - North Rido-e Pro ert Release 3--10-08.doc
Request for Action
March 10, 2008
Page 2
The owners of the facility have requested that the EDA provide a document in recordable form for the
termination of covenants and restrictions that are now no longer required. The attorney for the ovmers has
provided a "Termination of Covenants and Restrictions" form for the EDA's execution. This item is routine in
nature and helps to provide clear title for the property.
Recommendation
The city attorney and staff recommend that the EDA authorize execution of the attached resolution
authorizing signatures on the "Termination of Covenants and Restrictions."
Attachment(s)
e> Resolution
e> City attorney letter 3-4-08
e> Letter and attachments - Johnson, Killen & Seiler
City of New Hope
EDA Resolution No. 2008-_
Resolution authorizing signatures on Termination of Covenants and Restrictions
related to the North Ridge Care Center, 5430 Boone Avenue North,
Minnesota Masonic Home North Ridge, owner
WHEREAS, the EDA has received a request from Minnesota Masonic Home
North Ridge for the issuance of a Termination of Covenants and
Restrictions as they relate to the North Ridge Care Center; and
WHEREAS, the restrictions and covenants necessitated that the property be available
to lower income tenants to comply with certain Internal Revenue Service
codes; and
WHEREAS, the term of those restrictions has expired effective May 15, 2007.
NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority
in and for the city of New Hope, Hennepin County, Minnesota:
1. That the President and Executive Director are hereby authorized
and directed to sign the Termination of Covenants and Restrictio~s as
relates to the North Ridge Care Center at 5430 Boone Avenue North.
2. That a fully executed document be forwarded to both the Mumesota
Masonic Home North Ridge, the owners, and to their attorney.
Adopted by the Economic Development Authority U1 and for the city of New Hope,
Hennepu1 County, Minnesota, this 10th day of March 2008.
President
Attest:
Executive Director
LESLIE A. A."'lJERSON
TUCKER J. HUMMEL
GORDON L. JENSEN'
MELA.NIE P. PERSELLIN'"
STEPHEN M. RINGQUIST'
STEVEN A. SONDRALL
1 Real Property Law
Specialist Certified By
TIle Mirmesota State
Bar Association
"Licensed in Illinois/Colorado
'Qualified Neutral Mediator
under Rwe 114
JENSEN MTDERSON SONDRALL, P.A.
Attorneys At Law
8525 EDINBROOK CROSSL"iG, STE. 201
BROOKL YN PARK, MINNESOTA 55443-1968
TELEPHONE (763) 424-8811 $ TELEFAX (763) 493-5193
e-mail law@jasattorneys.com
Writer's Direct Dial No.: (763) 201-0211
e-mail sas@jasattorneys.com
March 4, 2008
Curtis Jacobsen
Community Development Director
City of New Hope
4401 Xylon Avenue North
New Hope, :MN 55428
Re: North Ridge Care Center
Reqnest to Release Covenants and Restrictions
Our File No.: 99-10011 (Community Development)
Dear Curtis:
This letter is in follow up to the February 4, 2008 letter we received from attorney Steven Seiler
regarding a release of covenants and restrictions relating to a refunding bond issue for Northridge
Care Center.
:Mr. Seiler's letter and attachments have been reviewed by me and attorney Jerry Gilligan from the
Dorsey Law Firm. The Dorsey firm has acted as the City's bond counsel for many years and Jerry
Gilligan has been personally involved with this Northridge Care Center bond issue.
It is our collective opinion the release should be provided as requested in Mr. Seiler's letter. The
bonds are now paid and the release is now appropriate. .Mr. Gilligan informs me the rental
requirement relating to the "Qualified Project Period" imposed by the covenants and restrictions
are still in effect and will remain in effect by other documents and restrictions pertaining to
Northridge Care Center. As a result, this is really a routine item which helps to clear title to the
property from unnecessary covenants no longer in effect by the tem1S of the documents under
which they were created.
Contact me if you have any further questions.
Very truly yours,
Steven A. Sonmall, City Attorney,
City of New Hope
cc: Valerie Leone
P:\.A..norney\SAS\l Client Files\2 City of New Hope\99~lO011(comInunity development generaI)\C. Jacobsen 1tr re North.:idge release of covenants. doc
JOHNSON. KILLEN & SEILER
STEVEN J. SEILER
THOMAS A. CLURE *
JOHN N. NYS *
STEVEN C. FECKER
ROBERT J. ZALLAR
ROBERT C. PEARSON
JAMES A. WADE *:j:
JOSEPH J. ROBY, JR. *:j:
NICHOLAS OSTAPENKO *
RICHARD J. LEIGHTON * A
JOSEPH V. FERGUSON *
ALOK VIDYARTHI
LAURA SCHACHT WEINTRAUB
PAUL W. WOJCIAK *
ROY J. CHRISTENSEN *
ATTORNEYS
DIANA BOUSCHOR DODGE *
JESSICA L. DURBIN
MICHELE L. MILLER
~. A TRADITION OF TRUST
JOHN J. KILLEN, RETIRED
230 West Superior Street, Suite 800
Duluth, Minnesota 55802
www.duluthlaw.com
Telephone: 218-722-6331
Facsimile: 218-722-3031
JOSEPH B. JOHNSON
(1919-2000)
. ALSO MEMBER OF WISCONSIN BAR
A ALSO MEMBER OF NORTH DAKOTA BAR
:j: CIVIL TRIAL SPECIALIST CERTIFIED BY THE
MINNESOTA STATE BAR ASSOCIATION AND
THE NATIONAL BOARD OF TRIAL ADVOCACY
February 4, 2008
WRITER'S E-MAIL ADDRESS:
sseiler@duluthlaw.com
The Housing and Redevelopment Authority
of New Hope, Minnesota
440l Xylon Avenue North
New Hope, MN 55428
RE: North Ridge Care Center
Our File No.: 2l,806-6
Ladies and Gentlemen:
Our office represents Minnesota Masonic Home North Ridge, the owner and operator of
North Ridge Care Center. In 1982, the City of New Hope issued life care facility revenue bonds
for the benefit ofthe North Ridge facility, which was then owned by a for-profit entity called
North Ridge Care Center, Inc. The bonds were previously refunded or repaid and, therefore, are
no longer outstanding.
Incident to the issuance of the bonds, however, the Housing and Redevelopment
Authority conveyed property to NOlih Ridge Care Center by deed dated December l7, 1982, a
copy of which is attached. That deed contained celiain covenants and restrictions that,
effectively, required the property to be available for occupancy by lower income tenants as
required by Internal Revenue Code S 1 03(b). However, those restrictions were only to be
binding for a limited period of time.
Subsequent to the granting of the deed, there were various amendments made to the
covenants and restrictions, copies of which are all attached. The most recent document is an
Amended and Restated Certificate and Declaration as to Qualified Project Period dated as of
November 1, 1995. That document provides that the restricted period would end on May l5,
2007.
On behalf of our client, \ve now feel that the covenants and restrictions in the deed and in
all of the amendments have now been fully satisfied and the covenants and restrictions should no
longer be binding on the property. Accordingly, we request you provide us with a document in
recordable form to terminate the covenants and restrictions so they can be removed from the
Certificate of Title for that portion of the property which is registered and can be ignored as
W:\21806\006\ltrs\housing redev auth OOl-doc
JOHNSON, KILLEN & SEILER, P.A.
February 4, 2008
Page 2
encumbrances on the abstract property in future title insurance commitments and policies. A
draft document to accomplish the satisfaction and termination is attached to this letter.
If you agree with our interpretation that the covenants and restrictions have been fully
satisfied and can be terminated, I would appreciate it if you could provide me with a document,
in substantially the form attached, so that the covenants and restrictions can be removed from the
title. If you feel the covenants and restrictions are, in whole or in part, still binding, I would
appreciate discussing that with you.
Your most considerate and immediate attention to this request would be greatly
appreciated.
SJS/ gr
Enclosure
TERMINA TION OF
COVENANTS AND RESTRICTIONS
Know all men by these presents, that those certain restrictions and covenants in favor of
the undersigned, the Housing and Redevelopment Authority in and for the City of New Hope,
Minnesota, a Minnesota municipal corporation, set forth in that certain deed dated December l7,
1982, made and executed by the undersigned, as grantor, to North Ridge Care Center, Inc., a
Minnesota corporation, as grantee and as recorded in the Office of the County Recorder in and
for Hennepin County, Minnesota, as Document No. 4762836 and in the Office of the Registrar of
Titles of Hennepin County, Minnesota, as Document No. 1494994 and as such covenants and
restrictions were amended by the following documents:
(a) Amendment to Covenants and Restrictions dated December l, 1986, and filed for
record in the office of the County Recorder of Hennepin County, Minnesota, as Document No.
52l3l16 and in the Office of the Registrar of Titles of Hennepin County, Minnesota, as
Document No. l802435;
(b) A Second Amendment to Covenants and Restrictions dated as of August 1, 1989,
and as recorded in the Office of the County Recorder of Hennepin County, Minnesota, as
Document No. 561025l and in the Office of the Registrar of Titles of Hennepin County,
Minnesota, as Document No. 2063367;
(c) A Third Amendment to Covenants and Restrictions dated as of November l,
1995, and recorded in the Office of the County Recorder of Hennepin County, Minnesota, as
Document No. 6505794 and in the Office of the Registrar of Titles of Hennepin County,
Minnesota, as Document No. 2657l04;
(d) A Certificate and Declaration as to Qualified Project Period dated as of December
3l, 1986 and recorded in the Office of the County Recorder of Hennepin County, Minnesota, on
January 26, 1987 as Document No. 5217330 and as recorded in the Office of the Registrar of
Titles of Hennepin County, Milmesota, on January 24, 1996 as Document No. 26721l8; and
(e) An Amended and Restated Certificate and Declaration as to Qualified Project
Period dated as of November l, 1995 and recorded in the Office of the County Recorder of
Hennepin County, Minnesota, on November 28, 1995 as Document No. 6505795 and as
recorded in the Office ofthe Registrar of Titles of Helmepin County, Milmesota, on January 24,
1996 as Document No. 2672119
have been fully satisfied and are no\v tem1inated and the County Recorder of Hennepin County,
Minnesota, and the Registrar of Titles of Hennepin County, Minnesota, are hereby authorized
and directed to discharge the same upon the record thereof.
W:\21806\006\docs\Tenn Covenants Restrictdoc
1
Dated this _ day of
,2008.
THE HOUSING AND REDEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF
NEW HOPE, MINNESOTA
By:
Its: Chairperson
Its: Secretary / Treasurer
Its: Executive Director
STATE OF MINNESOTA )
)ss.
COUNTY OF HENNEPIN )
The foregoing instrument was acknowledged before me this day of
2008, by , the Chairperson, by , the
Secretary / Treasurer, and by , the Executive Director, of the Housing
and Redevelopment Authority in and for the City of New Hope, Mirmesota, on behalf ofthe
Authority.
Notary Public
This instrument was drafted by:
Steven J. Seiler, Esq.
Johnson, Killen & Seiler, P.A.
230 West Superior Street, Suite 800
Duluth, MN 55802
(2l8) 722-633l
W:\21 806\006\docs\Term Covenants Restrictdoc
2
~ull Screen Image VIewer
Page l2 of 7:
~~ ~~Ce)
#L( 7b ,}~3,(A)
-# it./- iJ'I' '177' (7)
r-1
{)
~
fJ
i\.
,.
""
rJ
&
....
.....
%
'ifl1'NiSS13tB. thirlt tNl ..l'fm.Iml, m ~
($1..011) linG otM1' I1Xlil g4 V'~ oCiIlI1~
;riC.~1Ildged. do8liI mt~IP'.I!nt. ~.:-
1tl> ~ Iltldll'i.... fli~. an'UiV
bolini' tfl tbii ~ of' :B~fu&sfat. of.
TUt ~of NOl'ti 11t~;1hi~ '1"'l'Jf
ii. 'l'QDttip 11a.RllIJp2ici'~l'wRt~of
~~. :Bl'Ie ot~d.A~' ,,-
tM Eutt55 f~.O: thS ~ . '
feet l~ ~:of the. SotItii ~ tsfi
~ ,thg 'tinItad Stateil ~nfSttmr.r t'blil:'8Of mtl"
~~.
....(t
:--
, .
};;.<,
p.t6'?, ~ '\
6t;.(/i.()
\I
The ~ no~b' lIO tutor ~ ~Wi!ii.t. Q~ ot fha,~l1t'~
01 the sou~ qi:imter <if ~ 11l,~nlll. ~".in ~~
to "tblI U~ Stat. ~ s~~. .
$t4lt'<l ~ TilX 1)11$ Hi:lZOODl ~Qne.
lttn'//f~ct fir<:t~m npt/im~aina/mlh/n~ap<:/T)rF'\liF'\;v html?RF'T)n<:itnnr=f::'l<:trF'nn<: fir<:tmn nF'tXrFilF'PMh=\\r.nr1l fir
To. blI.y~ and to hold tht lIUi:llre' tc~ with llU ~ ~~il ~d
a~~~ trnm.,..,mto be~ (l1" m ~a:;BPP'a't~&r. to ~ G~,
~!I~.mli' lmd UEl~il. fg~
~1Od:
~~ 2.. Dmnitiom;. l;)l:l.1~
= '<Zm~ tb!l! mmt~ c~~ ~~$
~ E'1fj1l\P~\l'1!I ~Ilil! ~ ti:lm ~~w
A.cl::~rm~~ Stlili~. Chmpt>w~. ~
~ Eiz'.Iilt N~1'Il1 .i1$lI!fik ~~. i~ ~U~1l ~t.:l11l~Pli1.
~ ~ />J1y ~.m Qf
m~::S~"'~~li'ito €U~pf'
~~. IiEilimEi"dby t'M
~ ~ tMfi (lib...,
~. b.. Pr~. S~
ll!t~~~~~
~~
O?~~
Page: 12
1/4//00'
~ull Screen Image Viewer
Page 13 of7:
~ ~ ~ CIml:~. me.. 1iI~. ~Wm. ~ 1m)'
1l1l(>.;."'1!SIIm" at' ~JIllftdeh U Uie ."'~ of tb4 .~.~~ ~.tble !O tlmllr.
Gl'Mtor. ne ~l'Iit <<nO ~~ i\~7 1.."\ and for ~
Cl.ty ~Hope. MI.l:m~ aDd Q7 ~~ Cl2' IllIiIIIlip
l.c_r-b:l.wJrr-4.~ ~.'W1Ji:i on Ule._ ot'~~ .~.
~ Qt ~t:tuma m .IUI..~ ~ad,Il~~'Cif~',~,
modm&tl.t lDOQM w~thm th~ ~. ilf ~ le3{t)l(4}(A)~:~;~.~
':lt~: iiE!lt
p~~~
~4e'lttUN at~,
e€ n<'iiW Hope.
~
-~=.._.._~-'-
Page: 13
lttn:/ /fRst. firstmll. np.t/imRo-ino/n11 h/nRo-p.s/nrp.vip.w htm l?R p.nnsitnrv=fRstrp.nns firstRm np.t&Filp.PRth=\ \ ('.om fir
1/4/?nnl
~ull Screen Image Viewer
Page 14 of7:
~ .. s:
. .
. .
. .' .
. .
emir ll:Ild 1U'tl n;t to bs cotlIid!ml4111glm ~.~ fil4U ~,m ~ wsy lIll!"uU'Y
Oi' l'e.litrlct *flY of ~ tents Ill' $I~' ,~.~~.sN1J ~r bfI, CO!PI~
at' liven iI\fl)' ~ in COfIIIUVb1i' t!l1a J~ Of' m\T p~ ~ g;-
In e,1llClJ~ng hlmlt. it any ~ tln~'-mtcM ,~;
~ I. BoI!II~v ~oUIl pfl)ll!t~. B1 ~ at tbb need.
tha ~.~ ~ U1Il11t1mt mat. ~ to th8.,~1\ ~ ~
$ ~ 1~~. ~ ~l Proj_ hi to 'b4Il ~~ ~liIIUl~u
ra!cSmPl!l t!m1lJ1 ~wl.lhlft bl ~ ot'~ 111$('bJ~4itA),~.~
Cede. To tMt <<Jlli. but ~ ~ f>ftbll,~C'if tl'ia ~sr
~. -eM OJ.'~ ~t" ~amI!!. ~'" ~ ~III .foUci"llilil:
(1) 'liWt ~ ~1!ICt 'ifl bemJ' Sl!q~ Iill'id, eon.~ tor om.~
(If p~~ ~ld(jmUll renml~. ~Ol'llrtJi!'a . . . tlW)at&-illlQ
~ 'h$ :R&:!ltlill ~ $111 rI!'IiIi~ ~.~ , ' ," ,~dantl.lill
dwtiUnlr units md ~1!c'.~ ~ Ii!~~~'- in
~ with Silctittfi l11~{b)(.)W Oftl:l.lil~.
<%IOIlll>1!l ~~~ fQ-r ~, ~ wUt'~I'iI!~'~.;~ .~1,I'/!tA1
~j<aet wlll. be, ~O1" h/l1(1 iI!IvamtDW fur ~oni. ~'~mS'~i
me ~ f>f th$ ~ tamot t~ 3MdIii or tblil,~~~~P~.
(~) ~ 1IDit in thll .~ -P;:'Oject dill contain QP~flilal11t:iM; ,.~
livmg. ~. silting, ~ eind ~ tar....~:.~.Qi f~,
~m may 00 ~e:11 by ,~ l~ ~~'ll~ ilil' ~itllllid tilli'
~.
(4) N-aithl!lli' ~ ,~~. ~~ IliOf" 1m')7 ~M tbi.~ mfuI11 evE!ll' be
~()Il.fil ~ blll5i!> all. ~. ~. .(kn:~. ~till~ 'h~, ~~
~. rooming MUN. oo~. ~ home. ~~Qi-l11l1l1OO tt!' simiUll"
~.
{Ii} .~ ~ m '~ ~, PJroo]ilI.ltWlj bi1t
of tb€l ~ pUbD: ~ ~ tc :ral:la.
'l'hil; Gf'mtlilt' mu. oot give p~~ in ~i
Projild to tJEI:Y ~ ~ ot' ~ cd:' ~.
'I'E1m>.~.
S~~.
i?9i'~~M~~
~. ~ to Ul!!l ~ot
~ m;m:h 0l):'\fiID!lnt:@. but
co~. tOO ~ ~~. CQ'V'e~ ~
~i
m At.u!~~tM.
~~(~~~~
Ufl~ ~ Ilhlii lamJ~ fGl1' ~
Ocr
Page: 14
lttn: IlfFl.<;;t. firstAm. net/imFl o-i no-1m Jh/nA o-es/nreview. htm l?R enositorv=fAstrenos firstFlm. net&Fil ePFlth=\ \r,om, fir
1/4/?OOl
~ull Screen Image Viewer
;:"
Page 15 of7:
it"
~ tit jfiY~tMnmi.
'~~~..~~~
will ~_ the Or~ in 'it
'11'&t ~w JliO ~ ~. .
,U U. otMt' ~ ~ -u. I.l~' l'Nfeet~
(t) U at M1 tlM U!e.'~ t.~.. - ~ the ~ l!IiO
.u.~ to ~1ncl!me T~. t.M ~,ii .to ~ Il:la.' .
dwlil11iDc Ul'llta u ~ wl!llmt.<<n<f'liii,~,tl:!ilr;Uii~:;'~, '.
~ M oce~ btLair..~ ~II' " .., ,
,;:,....._~~" - =-_.
Page: 15
lttn:/ m'lst. first::Jm. net/im::Jo-ino-/mln/n::lOes/nreview htm l?R enositorv=f::lstrenos fir"t::lm nf"tRr File P::lfh=\ \('nrn fir
, /Llnnnl
~u1l Screen Image Viewer
Page 16 of7:
sectio-Zl 5. co~Pi'..iD. ~ '"
~. 3 and 4. I!Wve ~ l~ 'to ~bnl[lhlll
Qeve!Qpment Il.~d UnPrqy~ artm!l Pr~.~Ir; .... .. '
lXlJmiC>J:I bU1:'O<m ~ mmm11' QftheGrantwe anl!liil': &utiNQ.~ own.~;:1ilnd
th,i!reof. " ., . 'C'.
~n 'f. CO'\l(!!lSIltil ~ mid;~:m. 'I'Iw cmmt:ul'tlIldihe ~
~ Ii!-~e that:tM~nlUlfsimd~m S~':2~ 3,'QM 4.~h1
Ia.ct touah mld ~m tM '~ ,'lffid 'the hentRll'ro;lect 'In the fono~~i{','
l1'~: ..
OTbe 'Grmrte>etill~t1nfj w"t1ie'},}~'&Il(\ ~l'ro;lilCt
'ha$ ~ b~..lIi'lth' a ~. Uroil~~,ali~~~ti~ ~bl
!'Umllng mtb, thi! ~rtYpmidtfilt'f'6l' '.~ ~~~ of ' 'the R~
Proia<< c;;m~~Viftlii~lI~ 10J:l(l:j}(oOu..) of lli.e~. ~.tn~ ~""ttm
th@ 1nter~~&b1erm;u.. aWJ:~Y wand ~in'exempt fro-ill feaBm
~me ~ .thS~.
il) Thll Oli'~r. and tlu-oui:h tM OMi'l'!-I~~. ~~ of,tbe
City of New liopl1. -m~~emd. l'~~l:f'" " .
Temmts. wm. hee aliSll..~ tMt '!he pN~'
,mffurd them ~. nriitiU1t imd :m~ iw"
term of tM ~~ <mG\ ~~,
~1lth tM Gl'l!in1Ot' imtl ths
jn S~.~ ~. ji im.d 4 Si
~eit 10 '00 ~mp1~
\\il.OO utillilad. ;and ~
fl;;::t ~n ;md N~ 1~~
- Ii -
~
Page: 16
lttn:/ /fast firstam. net/im:1p-inp-/n11 h/n:1p-es/nreview.htm j?R enositorv=fRstTf~nOs firstRm netRr,Fi1 ePMh=\ \('.om fir
1/4/?OOl
;ull Screen Image Viewer
"
.'
~ E':rojiiet ti!ben QO~. ~bclelUi tJur ~600Qr ~ 1\~i~ Project
\19M tblt p~ lmil U\iIi! ~ g:f U1e ~ Ui _-.o~ mth *it
~ ll1"'d.~. ~-~ Q ~~.t ~ al1d ft~~benf!tit
'In the Gl'lIInUI"t 'aM. 4 II!jnnrOilDt. ~J1 ~ to tbfr ~.,! flll' '~nr
to ~ thit ~ ClZ' the ~ the ~t,iQ eiUliQ' ilfl~ 1M ~
v~..mi un~. a:n4tMtlrlmUJJ1' <<nil ~a~~'!lPeoi~11lt4tf1.tmlt
the ~ UF* the ~ta m tme Co ~.~ftyU .' . ~le
~di ll'lil'trdnlf _ l;lfiC<JMclomable ot' ~1iH!~~ ~Jtl~' :;}l(q, '~
Ut.$ olhllJ:' bc~ or the t~la'~h tnilr.-ran& ~tIilI:9nrnti.ife.lia1d
1lUIl c!tIa~ 1m ~'tiaU of wbolli eM Qr~ ~.. the );iCl""l" :J1Wl'l it ,~.
law.
sec&n $. Qra.nto1' URe~)]:eS&~QfB~;Pfl!:'Us/l. TIlI~ .~..
Il.:llIi tu .~1l1lQ1". ~a.miiUlt ~p~f tt~fldi.~o~~6IiY<<"niJJ:it3
imd r~JU" in 8~ t. ~ :&114 4/ ~(iB .,.~.S(!'anii
ecxdUilwe ~~~ve o.f M7 I!ni1 aU. otb~~-n..!l . , -. .
euen ~ and ~nlI, imim.al' ., thu .. ....
ifiWl'!l~' the ll~QclIDent. tM ~eSlIIa mitli~ldM
ami \'~lQJIlJ 1liN. ~
with th", property .lQtd'tS htNiby
lInd ~. and ~1 ll'u,
the Renbal P~. Of' tm)" ptl1't
.::~:v.:nan1s
De. iia' ~1!1IO.'"8
tif.arii ~~~ in the' ~ $11(1
.'.ths G~~.
In 1M .~ or Ii! vi~'. (il!' al1flmptee
'vio1s.6on Of I'ln1' of the; ........ ,.. ...tp~~nB2.3~ 4~,
UleO!:'~lXlr md ftlIl llu:cioeaeOra ~ 1t$1J!~. (b:t'~ablr'~ or~ and it. ~~
~nd aasignB). may ~ MH1 pJ'O~ U'y P~J i<t ~ t)!' in .equit7 to
~. :prevent or tmjemiMY auoh ~.Qli'~..~cany ~ ~.,~
'tMre:IJl 5et to:t:\, 0.1' to ~ liriiarea ~ by 1tUC~ ~.~or
~~. In 1M .l,!VEl:ifarr:rit'~Covflli'llllnto:i tlle ~
w~N.iPect to'~uWmOI the . ,.. oV"inen~ oi'T~~ O'f'<n~
Qt' ~_tliJ tn ~e With S~'l~ bti~. ~'GII'jIdeii! ~ ita, m~
mid ~Il!.pa m&}l' ~ute ~ p~~ .~ .. ' ':~ ..or- in ~ 10
1lhatD. ~ or ~h1Il.n:y mica ~ I>>' tQ.~ ~'_n!1."l.tl!
~.-Jil1Bt~. . UntU temn~ ijli;'~li!t:ed.lIllI. '~d~':~ ;Pro'rlmO-m;
lw~~ inlF~ .~ Im~ :pmds~e te" :r.ent!li
~ect Ilm.sb.!!n M enfo~liIla~t t'Ml -a_me,
owner <ir' leallil!e of tha RmrllI11 . ' ~ -O~OO.
eecll. p~l'. G~. Q\lI'!W~ 0:' ~ 01' the tM ~ve
heirs. itilfil np~U~1 ' :rn ~ni
tLl! p~ Q! filidli 00'iIil' lililill
~. ~ Ot' w(li\!'?il tOO
~.~.~~nol.'
T:l~ .Cl/' ~Ulm ili~ ~t ~y
Page 17 of7:
Jil~ ;t!i.
(l) '1'M
~~.
Page: 17
lttn' / /f::t<:t fir<:t::tm net/im::to-in o-/nnh/n::to-ec::/nreviewhtm l?R ennc::itnrv=f::tc::trennc:: firc::t::tmnp.t& FileP::tth=\ \c:nmfir
1 /41)nO~
~ull Screen Image Viewer
Page 18 of7:
. .
"'- ,
. .
.' ~. -
.t ..... 4 .
:E!onCl1ll ~:i" tb& Q~ !'~;.J>iiiric4! 1!21~ by an inatMllllllJtd m.1I1fldq
wly ~d W.q. ~.ttiii.q~ '1IiD6.'''.~ or tbf:lt'~.~'"
lii\llClCli!lll=mo or~, U.. .~~IU' ~ 1l4" ~.ftom tMI
tletl:4.i liD. in tbIJIi i~ ~. .. << . . At. ~eJ\l8ft
~ fA s~ J ~ .bli1i'0a~ IJl d'fI<< ~'lM: ~
Df tM nt~ term..pt t~J.~. ".' ..'
~ UUt ~ ani ~. ."
M1!1o~iimd~~_" .....
~ (IJld be d :M f~ ~ &!iil':
~~~tm~ .
1D Il\lfttft tM 111~ 'm~ ".
NQOl\'/. ~ ..~. '" . .'~. .
and liIIIIQ!U'inr ftnii!l~ ~. .... ..,. toI' the.COi'l~'
Project. it fiIilh'~~dlm'Uid NiP~ ~ ~~ut,~,
~d P:01ect l'mK. .
Page: 18
\ttn./Jf~,,! ". t/ / L/ / . L
;",,~m np. im~aina nlln n~ap<;: nrpV1P\V ntml?Rpnn<;:itnrv=f~<;:trpnn<;: fir<;:tmn np:tRrFilp:P~th=\\r.nrn fir
1/4/?OOJ
~ull Screen Image Viewer
Page 19 of7:
".*
~1i!III$;II~' UinllIM~CW &I:1~..of- ~..a.:ti~1iI
of ~ t. * _ 4 ~ ~.~.~.the~I1.~cf
b.bfbJt B to bI ~.'Pt~. ~.ot~.;it 'I'C~.'*
~Qft of~. tip*- ~\If~,~.fi ~~...; .." I'
~. thit fho... sMll' ~f.be ~ of A___"G!'
or ~ ot Cl)..m1llM .11;1 thfi ~.
~ll.
aa4 ~ u ..-. .'
~ Uie ~ fif 'Amlt1laMlit,.~
~&t aj. _d !II'IJ' QlimIlMol or ~.iM
s.ld aU lle m SUi:lh l/;lJ'IIl.liI _111 ~i~iO'tio
~dft. H~ ~. &!~..or 'fA omlle
_gilItt'Vof~. Ikumllpm ~.ltlEm!JQta.
llI." d
-lli!lt . ~t. ~&M'. ." ....n><.
l'llld. ~ 10 bJ 1M ~fw tbIf'lIi '..n.'
tl:i$ .~. ~4 tba ~ .....m1e bY the
~. .
Page: 19
,ttn.//-F':lct -hl"ct':lrn npt/;rn':lrrinrr/nllh/n':lrrpc/nl"pu;pu; },trn 1 'I"R pnnc;tnru=-F",dl"P1V\C -hl"d",rn n"tRr -Pi]" P",tl1=\ \('orn fil"
1 ILl/7()()!
"ull Screen Image Viewer
Page 20 of 7:
--- .
, -
. .
. . # . -
..' .:
... . ..
. ~ # .
- - -
,
at :l!iWib. ~ ~ N1ow'. Cli' fit "'. ~ ~ IIIi! iiillIi;i\' be ~ by
tbti P4lrtf, b'y ~ ~ ~ thlf cl:bar ,~
~~
:b;~'~. Jlw ~ :H1'lA
WJl ~A~ Hcrlh
J1tiw Bopt.. .l/I:I~ ~m
N~ B.i4p C/il!:il CaW'. ~.
mD~'Ji~ ~
~., ~.Jilm~!! 5il4211
fbo~l
'!l"tul~:
A~
S~~~~~ U.,ilt1.
llle,1lI!l or' 'lIP. . ", 41.thi,~f 1 ." , '
.~ tWl1l ~ "'~n 1In1 'i1i!Y'jii7~\Qi!
~ U1. bthw A~$,~~. ~,~ ' ,,'
\\tIt:dl~.og,~~II"~bdliUil, ,',' .~;ot.
:!o,l)llll. .~. ~'mdl~'i~'liiWi~~... ~
~~"~.' ,
t.txis ~, ~'~ dI11y
, io'.nd ~V€1
tC~
Page: 20
,t+-n' //f'"",t -h-rd"m nI',t/;m" rr;nrrl-nllh/n>o rrpc;:/nrpvipw html?R pn()c;:it()rv=f::l"trf~nn" fir"t::lm nf~t&Fil~P::Jtn=\\c()rn.fir.__ 1/4/200l
'ull Screen Image Viewer
Page 21 of7:
'tatS ~.A!H: ARD AU. ':mE' DUll AND I'JiOViIEQq ~:nt~ -.. ;.~~
'rU PRO'VI'1O!U1 ~ Tim BUlU)Ig C()~ r:...:.P"'y
m IlC'l1Cla t. $ .\ittl ~ tullm wrrH '1'HB !..l\!m; IS ~ '. ~I'
!i~mY ~~.IID~ ,~:i ~ "a :::
NORm ~ CAD CDTP. me; ~~\~c;' ...z
,. ~." ;....;
. .. , -
~..' ':?i,~j
{!mAL)
~ ~ 13 ~mpt .fNIm ~ ~ ~ 1ii~;t!rit"";-bj~\ir>
"'<U~. J__....-..._<> _ ~ b- fa~s:.ai~I'I'!~~~_f&.jhe17~l-~~
",1m .....""'.......-- ~ . . ."" Oe8C'ibedf!lf!ilS~~jMn~ld
~~~-Jg:: -
~J..~
~l'riolI; 1I1 ~. ~
mt W'* '~flY
lilo~. ~_ ~_.
liiD--lUl
S'1'ATi: or ~6TA>
. :;yss.
~g ll"ClIf'G Cia fer.. I II r::.
,4 nee, AVliut-ue :-lt~N;b
!lev '!i!jD~.'~'/lIini'll!sO'h55~2$
Page: 21
lttD:/ /fastfirstam.net/imaQinQ/nub/naQes/meview.html ?ReDositorv=fastrenos. firstam .net&Fi Ie Path=\ \corn.fir... 1/4/200 l
~ull Screen Image Viewer
Page 22 of 7:
;r;:KBlSlT A
. TO
"NmD M'1> ~ lttlmuNG WrrH TJm t..UlD"
CERTlRCA'fC AN>> n:8CLAlUlTJON
AS TO
QUAU1".t.IW l":ROJSC1' pi:l:UOD
WH~. t})1l Bous!ns Eliid Redw~ment A11lbrmI:Y in snd fw tbll: CU1
of New H~. l\Unneaoi:a. .. WI11'U1SQtl!\ IIlWliolpal cOOr~lltkm. ~m.'. b}t. lit 4~
~ on thtl ...... da;- of.. . 198 . in the ili'tttie;<It tha .CO\mtJ
Becordm' 11\ lIIIl4 iinhlil ~ of HIltm~ln andStlittl i){ ~sOm. as l>Hd
~nment No. .... and fUed on the . is.., or
1114l . In: the OrBcfi of tlUt aegtma:t of TiU.., H~D ~. mnnfloSlOb.
_Ill J)OOumillt }fO. (tha "~"'). i:l&s COJ1vqod to NoM ~
CaN Centef'. '!nil.. II; l!~ c~. Granld. Ihlil roDawlnlt dli'Krlbed
le.nd. in Uls county of H~ and $tate of ~~. to.iritl:
tot 1. Blocll: 1. }klrfh ~dge Cill:e centft Add.ttbl. 1l~"llI>
the NCO~4 plat t1u!NOf.
WHsn.~S. tM Deed etmtained -cel"ttdA ~Ul ~ ~c.1il.mlil in g~
~. 3 and 1 trnmlQt ~hkh Wlll'i!I'lnten~ wrun witb tM:1iIIW ana blil blMl~ ~
full ~teI. its succes&ON and ~..I.1it I!tl times dut'f.nt Ii ~ P:ojer::t Period.
$JI. tht:~ ds&ed. unleEi3 ~ t1nt:i1 such -l!OVtmants anti mtm'icticm.. .are ~ded.'
t~tmnlJ.t~ or ~etl'ld U p1'O'Vi&!C in tbl!i ~. md
\inUm;SM. ~~ the tfl1'l1lB and ~3iom! o! S~ 1 of ft1!i ~d tlw
Olrles at ~ c.eeunermel1 litre to be ~stl'Iblhfhed by an ~ to lK e;:t,.eutlld
b:t th'li ~r end tM ~teli' in mIbtlQDfilillythe fUtm at fh!1; Cal:tJ~ enlll
~.
NOW. TR1::lRlWORB. too Gl'anW mId Grmtel!< do ~ ~ an~. d~
tmm
1. TM dm.te >em w~ lilt li:iUt t;m (iO~ .pe~. of tba unta !n the ~Ul1
PNjm (am ~ m tha ~ W~ OllCUp~ wo . It ..
",)U$ 'lIl'l!$ the ~ of ~~DIlil'%lt'of ili$.~t1 ~.ect ii'e1l'ioa. -
~. 'rhli dmm Qit w~ .m 1~fi..'V (~t). ~"'Nnt .0( ~~ ~ ~IM ~1l1
?rqjOOi 1Ii~ ~piliti. W&$ . 11_. end tmr.~ whi@ iJ;: ten Q.lil)
1emflll ~~l' ia . 1111_,
'W~!!;
~ of thm ~ymbtlilJi'
NGve;mbllrr Jji. 'IU ~
tbfil ~ U.
j. na ~ 1m ~lJlgh ~. ~
11
~'U
final
Page: 22
lttn'llf~"t fir"t~m np.t/im~o-ino-/nllh/n~ap'"/nrp.vip.w html?Rf'n 't -f: fi
. n"l nrv- ~"trf'nn" lr"t~m nf'tA'rFilf'Pl'lth=\\('nrn fir
l/.:1nnnl
;'ull Screen Image Viewer
Page 23 of 7:
Page: 23
lttn'//f~c;t firc;tmn npt/im~aina/nl1h/n~apc;/nrpvipw ntml?Rpn()<:itorv=f~c;trpno" fir"t~m npt&FilpPMn=\\r.om fir
1/4nOOl
~ull Screen Image Viewer
Page 24 of 7:
..
~'-~!iZ~
Page: 24
lttn:/ /f::J~t. fir~t::Jm np,t/im::J o-ino-/ml h/n::J(Jp,~/nrp,vip,w ntm l?R p,nn<:itnrv=f::J<:trp,nn<: fir<:t::Jm np,tRr Filp.P:::itn=\ \rnrn fir
1/4nnnl
~ull Screen Image Viewer
-
Page 25 of 7:
nnmn' B
. 1'0
nnuo ./'iND COV~ :RUNNING WiTH '1'H!E LJl!iD"
CiiJt'I'rFlCATroN 011 AME..-nJW4T ~it ~1'1Ob
OR D!"!&.TlON (lFCO~
WHE:RlWl. tM !:tmWDg and ~~1~ Authority ~ and faI"fbe CltJ"
{l( N/il'I1I Bope, liIU\'lllfl1I!CIUl... ~ Mi~ mumd.pal col'pOl'atica. Grant<<'. h1 · ~
~a. em . lil . m the QMce of the Cowlt7. ~er
in .an4. for 1M cmmty c! 13B1lm:pm lIM""iwe !:if Mb.meeotll. Il~ ~,~~
No. (tM "De~). Ma ~vqed to North Ridge ~. Q;mie1".
bw.. ill minn~ ~O'i'l. Ora,"", the rollo'W:lnl dBiiC-rJbed land fu the
~ Q! Hiltmepm -imd Stme .01 M1:nn~. to'"wl'l: .
Lllt 1. lllook 1. North lltldliW CU>!! Cllil'ltel,' Addition. :lIleeoromi
10 tb$ :N!ccrdilid plri!t th-l!:l'\I!OfJ
~. tlw D$iIl!d C';On~d ~. tovemmtlii m.n4 ~l!tlomJ. ~
~lcnl!l i, 3 ana 4 th>!!1'l!lOf whIcll wen!! intend!ld to rml wt1h the )l!1'ldiIDd b<1J
'h1ndmg' 'Pf'On tM Grant",. :U" l\I~l'!$SOrs and ~~g;
'MIERBJIS, the GrantOt'. iimd tu l:UCce$l>OMl llmi llO$llignf>. Wile: PVEm in
slIid ;o;.,ed. thft full imdl!ibllOlute rlght ami obUplkm to &I!l1WiCl ot" ~ 0'1-
dalm g~ l'amietiOllS ano, to aecmt: Md. lkUvel' UrlliJ, Cenificm for iIDd 00-
be~ at an ~s md entitiB who milht ~i!l! been b~red by lnX!h
~ena.nm lIllld remrl~ <1M
WH~. u~r tbJI: W~ smd p:vrl~ ofS~b1l 111 ..of !Jaid ~ 1t
iiIIC ~l1ii m A~re flies: (1iIm; lfiJ(:h le:m ill [!enn~ :in ~ D~ to deliver
tIPlil ee.rtinC$1til and to ~mena i)'W termim!-~% or oollrte ~ucn ~nh ~
~je\'tlmlll-;
NOW. 'TImRE1'OM. tbiJa is to ce~ tJ,"I.."t; (a) ~ ~vem;r,t!$ ~
N~OOS ~t f'arti:\ in SeC'.ions ~. 1l.lIDd 4i ~ D~ ~ nUU mJid v~
!:loud t>f lJ;j) fur-.:biIf: ftl~ OJ:' ~ci;thj; .Cmmt'; ~ ~@l!l-tral" <:d
Tm~ Sn !!.!ld tor ~. cmmty of: B~,pm _<It S<..!!IUil ~ ~
ll1.11lhorlDd 'IJ;) s:c~t un!!; .~ffi, lW- 2'~i' IiIDd ill, ~y~ ,
determin~ d 1R$ tewmm~ ~'.'~. of ~ ~..:l....N~
8i!t :furih in.~ ~. ~ limd. 41:cf thEl~. M. ililil l!I.~E!t@l
te?mn~ Q>! aU. ~ mnd cmeli' ~1Il1 ~~~<cE .s.:~ i~ 1~.
-('b} th~~~W and ll'~litill;.'l$ m forth .b) ~. lh ~ ~ ~. (or l>al:f
dlthem, M ~~: --> 01' ~ ~'.IlR h;: -
~ th$ ~. ~ tbit ~etkm Of 2Wh
~~.~nct.~~~:lWl' .
Oil' ifim~ --.' --
Page: 25
_""..~.",,,~;~.~V' v
'=;i~.~ v ~'~,:'. .w=~~k~%0
-,\'",,"J_
~40!!"~
lttll.//f>lc;:t firc;:t>lm lIP.t/im>laina/mlh/lI>lap.,dllrf~vif':W ntml?Rf':lInc;:itnrv=f>lc;:trf':lInc;: firc;:hm nf':tRrFilf':P>ltn=\\r.nrn fir
1/4nn()j
~ull Screen Image Viewer
. h~ aUlbQtinO to ~Ud& ~,~:~n" ,1!IiI lil C(II'll:llurJ.ve
4fi~~ tlC"lla Qs1lit~,rrom ,~;~.:or~)~iltli f!ll'I4 'tlt,liIt~$ m
~l.'iJj.bl S~liH~. l~ '"' 'Of;~..:u'~m.~ ).
ot'~ Dua4 iiInd' _ a '., " . Of t~PlQ~el S~l!l I tluoc;;uEeh 1G
(l( lb. ,DK<l (01" certain "~,~ .it ~ltf~ ' .' ce (e) 1tie
QQ-1!,flnmu.mdl'eslrintiCtna at forib. in seeitonl : ~\l.;4~(91' any of~. IWl
s-p~iHl.) d th8 ~ m hu'eliY a.mt~ , ' ,:'rOUow~
~ lbs '~\lnty~!~'f',ina lt~~ or
~ ~.'dolm\1 of He:mu:pm m4 Stateof~~iar,hltfliit' ~
~ this i:nIb'tfl!tl;!M fix' ncol'dlnr an"d mhft $. .&mc1UiAw
ot ~,llllIotn&nent cd tbIt Ci:Ml~ Imd NlltPetloiIlI ,est fwUl 1>>
iim(l . r:i' tbe n-d,11& aP~M!,.
D1!.ao. tlilil _ t'ili\Y of
. l1il8i.
Tim MUsiNG AND umt\iEwpMIDn'.I\.uTS~,
IN Ani)' :FoR THE dri OF' NEW Ron. lImiN "
By
Cbm!miU1
(S~)
'l:;y
~~-'I'r<.llIlWNr
By
n.emrt1"'iIl Dir~
~OR'l'H :!tlDGE Cil.lm ~. mp.
(SEAL)
By
~la!!l P. ~.ll"N~
i!l.TJ'::.'.i:'li> O~ lliINNS$OTA)
) &$.
CotlN'n' Uii :llmiNilPP;!)
Page 26 of 7:
Page: 26
\1tn'//f:::l"t fi1" t tl' . /
":::1m np 1m:::lG1nG n11h/n:::lGF'"/nrpuipuihtm1?Ppn{),,itryn--f t 1'" .
,- :::Ie rpn{)e T,ret"rYl nptA't- P,1p P"th=\ \('{)rt'\ fir
1 /L1nOO!
~ull Screen Image Viewer
Page 27 of7:
Page: 27
,tin' Ilf::l st . firstRm. nf~t/imRP-inp"/nll h/nRP"P;s/nreviewntm l?R enositmv=fRstrenos. first::lm .net&FileP8tn=\\com. fir... 1/41200)
;'uH Screen Image Viewer
Page 28 of 7:
"r""'~ it. I; ;:;.' l~...) r...-; 4_
~.~mi~
.lli''mW
~COlllm'.~
c'='..R1il'lmR!.m Qij\j
DEe ~9 ~
#fJ..~
~ oi' ntI.tiii
i?t . !liEI'lJn'
, /
,,~ /
0,
- \\tl
;>> Olb.C:.l:ll
8
Page: 28
Ittn' Ilf",,,t fir"bm npt/;m",a;na/nllh/n:::Irrp,,!nrp"U;PUi htm l?R f>nn<::itnrv=f::l<::trf>nn<:: fir<::t::lm np.t~.Filp.P8th=\ \r.nrn fir
1/4/)()()l
~ull Scret:n Image Vi.;wer
..---. ... /:" ~ ;)-l";?)
d~'-?\ 5t:3 " ,
Page 6 of 7:
1llIt,
Page: 6
,+-4-_.11.(:',...,...,+ -h_,...,+......--.. _r-+/;--.n.........;.....rr/-.....1-../...................nn 1........a."t1~O"l:1:T h+T'Y'lo 1 '1D .o.'t"'\^C"~tn~;==+l'),c+rc:.T"\^C' .-hrc+t:lrn 1"'\ AtRr Pilp P>::lth=\ \("Am -hr
l/L1l'Jnnl
~u II Screen Image Viewer
Page 7 of 7:
z _ ......__~~......-..-___ :"_.~_......(IiI .,...~.".- ~.-.......----- .......-- - ~--- --_. -....--
- -
- . . .-~~' -.
(1) The defin;,ti"~'n ot" tlu: term "~d.fl" in St!cta.QrI l.
is &l:leted in i1::$ entir...ty iSnd t.he fcHloving- is lllu~atitu.ted in
1 ieu thereof ~
~@t 'i'l:1iE\ l'Nl.tifi!illti.ly Housing Oev81opll\:i!nt: !reflind.i.l:li;
Revenue Boflda (1\\arth ll.!;..dge C<<l"e CEl'ntei:.. tne.P'rQi'~-Lh
Series 1986. i$;@ed by .~ tHy of .New~. .~in'1e-4...t'" in
tM total principal a.J::I('!!Unt. (:If $a. 31>0. 000.
12i . 'l'!>(O deHniti.on <:if thetera "gQau.n~d &'toj~et
..",:('ie>d~ in Section 1 is QGle>l;.ed. in it.s ent.5.nt:y and. the., foHQ1ltln~
~!!I substituted in lieu thereQf': . ','
QuollliHed :project period;' 'ttilil pcr-iQdbe~fiu1itt~on._thi:.:
U.rst aay on "'hl.~;lt least 1:.en peroent (Ian of.thenUl'lts
in the :Rental l11:oject arlit fi:$1:. O<:!(:upied (which: Q;!;;t.a,shall
be enabli5h~ by a CE!rt:incate <Ul.d Peelarllt.iol'l to:be
e~ecl.lte~ by thU' Grantor and the. Grl'ntee..il:t the formf.att.a'ehed
to ~l\e l1eed as Ellh:!-b:l, 1::; A. ana. ;mtil: $0 eat-ablished shall
he deellSed to be not. earlisX' thM O;::I;<:ibel.' 1. 1983). and
ending on the later of (i) thlll- date lOhl.ehis ten... (Hil yea:;s
fitter the date on Idhich at leaElt fiUy peroent. (SO%.i,of::.t;h.e
units il'l the llimtal -Project: are occupied (which \mUld. also
be estflblish-ed by sai.d flxhibl1'.F>., and. until so estab:tiahed
shall be deemed to be tl-Qt e~lier than ocrcQ!:ler 1, 19~3,
t1:l.) tne date Whicb -1.a at leaal:. fifty percent (~on of th-11'
nu!ll.bel;- of days from. ~ date on wbJ.ch any of the uni tJ; in
the Rental project; are occupied to and including C~c~~r ~.
~016 (whiCh aati! soal,l alao be eat@lLshed. by' the: fom
att.aClhed to t:h1s !>as';' "'$ ~i.t A and Ul'it.H 50 estaJ:>.lilil....~d
sha.ll be deemed to be not earlier than May 1. ;<t000). or
tii$. i the <tl!lit.e on 'Ifltich lilny ll.$lliliirt~n::;;~ It<<>v~d.~d with r~s~ct
to thi!! Rental p'rojec-t, undec/t Sect-ion a of tite 'United S~tes
HousiD9 Act at 1~aj~~rminate5 \~hich da~ sh~ll also b~
e1ilt.al:lU3het!- tty ~ !orm atJ:.:ched to thl!! Deed ~s ~xhi!;Jit 5
upon th~ e~=cution o~ any-Roueing ~5ietance ~~ymsnta
contract wtth ~he uni~ed St~te$ ~p~~tme"~ of M~inqand
Urban Develcpmant , ptt:>viaed tnlilt in t:.h~ ~t of teraination
of any such Contract, said date sha.H be the date of
termination ~8 egt~blished ~v ~ Certifi~~t~ and Oeclara~ion
to l:xt> ~lt~llteQ. by. Gl:'anto:t' and tit.. Gr~tee i!!S ill!'.: afili=n~nt
to ths fo:.-m ;.tt.l:1cltc::d tel this Deed 0Ul ~ihit AJ.
;{J} Th~ aefinit.~Qn of the terra ~~ru$teen It'ii Section 1
is d",.lete~ in iu enti.-e-ty snJ;'i tl1e ;!:ol-lov,tnq 5.-s substituted in
lieu Ulersof;
Trustee: ~ricran National Bank and "l'rust. COlrll?i'.J11.
a nat.Ion.a.:!.l>ilIniU-l'l9 aasociation, whose principi!1.1~o;r;!;>OIt,lrt'"
t=st office is at; 51:. i!'i!liul. !Unnlil$Qt~. .;l,,, ~~1il ;gn~r
an Indenture of Trllil-t, dated of D€lcEl~r l, 1911~~ biit~
th€l Trustee and ~he Ci.:;y 0'1' tlQpjj; ,mn.,.<:;.,,,w, iijl1r;1."",y
suc~e5sor tEuBteethereuuder.
~,,,""='~~, .=h:=;Sfi?h'
Page: 7
,_J~*,~\:)-~
,1-+,.... II-f",c+ -r;,.."t",m rlPt/;m "'.,., T).,./rlll h/n", "p,,/nrp,,;p"l lot", I?R pnn";tnrv=f:'l"trpnn,, fir"t:'lm np.t,l(rFi1 P.P:'lt],=\ \r:nm fir
1/4/?OOl
~ull Scre~n Image Viewer
Page 8 of 7:
- ------..,;:---_.-_._~- ----... --------.- ---.:;;y- . .-----,,-
: 'i:'4;t_ . . .
... . ,
: . ~ .
. r. -- - -" .
('0 The sElCond Sf:t'ltenc:e of ~tion 1.3 is tleleteod :.~
lU entirety lInd tile !ollowinCJ t!ii s\lbst1~uted in lieu thetreof;
This lien all<<ll !>lit subo-rdinata to rights in the premi8e~
ereab~ by (-Iii) an lIIdfintolJ::41CJ;: TrUst b?t\ilol:!!e!:l tbe City t:!Y
~ Hope. Minnesota an!! "th@ 'trustee, {j)l a Loan iu;r'~e.!1t
be~ 1:hc City of Neli' Rope, Klnnesota ~tH;l Gr~Ill;;~ h~r!i<tn.
{cl a CoIllbina~ion Hort<;age. Security A'P'fimant lIne tixturc
Financinq Stat-lilllle'nt. from the Grantee h.acrein to the '1'n;Il;~~\t.
as"': (dl an M!'iiglll!ll!':nt of Rents and ::.Bases from the Grantla'l
herein to t.he 1"rul!tee, aU pert:ain-ing tQ tile, !!onds anQ being
dated iUil of December I. 1.!lS6.
!~ WITNESS ~EREOV, OWner and the HRA have caused this
Agreesent to J:;e duly eXec:\ited fl;ll' of the dat-e first l:l:!x)ve written.
NOl'l.11I lUDGE CMiE CEN~( :mc.
~~ ffA'f!IL~.,~?w_/
U;$ p-X'li>!n.{Jent;
~-!lE HOUSING A'N.l)I"EOEwr.o.~N't
AiJ'l.'ROIU:'l'Y I:n ANOFOR TIm CIn OF
Nnl HOP2. MI'lmESOTA .
};w+
- .
Its ChalJrman
d+~. //+<:>O't -hrC't<:>,.,.., "",t/;"",<:> rr;-n rr/-nl1 1-./n<>rr",,,/nr,,,,,;pnT htm 1?"R pnr'l";tr'lrv=f,,,"trpnr'l" fir"t",m nptRr FilpP>lt],=\ \r.nm fil'
A."ld~
Its Sec~etary-~reasur~~
And~
Its EX'ElCuh ve Director
Page: 8
1/4nnnl
~ull Screen Image Viewer
Page 9 of 7:
STATE OF m~6'rj,;;)
" " )
cOOm'Y v~ ~mf&PCl:N ~
ST1Vn: oli' i!ttt4NESoTA .l
) 5S.
C~'1't at' HENNl:;l>:lN )
The fw:eqoin'3 iMt.~:\,"t:W:ai
t.his ~day of ~~r. .l9B-f.i. bif'
W.~ ~, ' ".,and.
the Cb.au:m.an.5ec-~t;u;y~~@$I.1,r,(>~
respectivalYf ,of, '1'Hl!: aoUSING,C~ '" .
roB ~ ern 'OF ~,.ltO~Br;Ktli'lN~01'At:ilI>~'firi.ilO
c~rporationt on behalf oft:lte eorpotiiltloni . .
.:~~
This :tnstrument Was Drafted ~:
DOaSEY ~. ~!~ {P~)
2200 fintSlmk l'l~(! ~
~l1-nneiilpGlil>; ltinnliilsotl1l sS40i
Page: 9
lttn: Ilf::Jst. fi rst::Jm. netJim::J p-i n p-/n1J h/naQes/nrevi eW.html ?Renositorv=fastrenos.firstam.net&FilePath=\ \corn.fir... 1/4/200l
~ull Screen Image Viewer
Page 10 of7:
""______--""""~"'""" ~ 4 . _;.a_. ~ _.... ___.....__ __. ._' ,. -_. - _'-:<'
. '. ...., ... ',. ~. , .
. r
- ~ - - --- - - -
CO:!lSSN'l' OF
f~~ST ~V~T COMPANY, I~C.
First Trust Company, Inc., as trustee under the
IndentultQ' \;It Tl:;U!lt. aat.eti ;u; of NQVe~er 1-$. ;!.9S;;Z. bl't:.\ree,"
the City of lie... Kope, Hi-nnesot~ and 1"ir$t ':;:'.'U$t C0ll1p4ny,
Inc. (fo~rly ~nown ~$ 'i;st Tru$t CQmpAny of aain~ P~l),
<II> t.:rUlOt",", hereby C'-om:'.~nt~ to t.he execJ.l.Uotl iim.Q .(le}.j:vilfiy'
of the Aml:l'"jrnent t;Q Covemutt:$ ...nd RQstric:t iQl1s dl:lt.~d <1$. of
~ember 1, l~ll(i. by "'rid b<;.t.~l'! l'ro:;th l\;i..;t<!e CAre eeiltef' '
1ne-. and. tne Ht::lU~~f19 an,;! !.l.~ev-elQE'~nt:. lIU1;.hJ:>r.:.ty ill .e.:!tQ.'!'Qr
the City of New H~. M1r-.nesot.a.
nated as of December 1. lSB5.
n~T TRUST COMPANY. :LNC.
/;/ /
By,' ~:;::.--'~
It.s ~ 'et ~~.-
STAn OF MI~~A )
l Sl!l.
COUi'lTi' or 11>3J.jL~p,.i,.))
The for~going in!ltr~nt ~as acknOWledged be!~~~
l':le th;.i.s. 3J,!;It a",y cf ~~be.r f .l.!f$ti.. by ,:1. fi:r&yyj;oc- t
t;h<;> lfl,,!," t-.t~;;5'tdtr{-;f- piE FJ.-l"$i:: ",=""t; ~llc:'iY. In<;:., ~"'M:bnn""-llot:i'l
corporil.l:i;;>nt on j;;"iilii11lf of th9 ~orporal;,ion.
/1. . ','
(i-~&Vc.d.;r, i..;W 7.:J~'E7Aft?Z.,rlA,j
- Not.ary PUb:tB'
Page: 10
ltin-l/f::lc::t firc::t::lm nf't/im::laina/mlh/n::lapc::/nrpvipw html?Rpnnc::itnrv=f::ldrpnnc: firc:t::lm nptRrFi!pP::lth=\\{'nrn fir
l/.dnnn!
~ill1 Sc:etn Image Viewer
Page 11 of7:
5213116
;::-..'~7+:?: '!.~ :~': ~:~2t..!:1..;
- ~ ,""."'1'
r.i:.;",~1,.o
~r;~.r 'i~ _;'::_~:~~~i;e,~ii
~.tJi ~7.5il,.~~~
t::j.1!: t!'&.:J8.:f' tlI
Page: 11
lttn' Ilf>l<;:t firdmYl npt/im>l aina/nnh/mlOP<::/nrf':vif':w htm l?R e.nositorv=f8strenos. firstam .net&FilePath=\ \corn.fir... l/4/200~
~ull S~ree"l :mage Viewer
<::-./
~-"=""'4:'V
.'" 0<"> .,Page 1 of7:
;5.-<.' ,\. ...~.:.,,-~. '\
A..".;' <( ~~""( r... Ii
'j ,-,; '.'. -"!./'
=,.h.:
,ff,.... 11f'<=l",t fir",t<=ln-. npt/in-.<=lrrinrr/nl,hln<=l rrp",/nrP,';PU' htn-.]?R pnr.",itr.rv=f'", ",trP1Y'''' fird",n-. npt J& Vi]p P",th=\ \rr.rn fir
l/Llnnnl
~ull Screen Image Viewer
-
Page 2 of 7:
Page: 1
._."~::;,~,~1
Page: 2
lttn:1 Ifast firstam. net/i mR p-in p- 1m J h/nR p-es/nreview. htm l?R enositorv=fRstrenos. fi rst::lm . net &Fi 1 e P::lth=\ \c.orn fir
1 /4/?nn~
~ull Screen Image Viewer
Page 3 of 7:
Page: 3
ltin'//f8st first8m npt/im8o-ino-/nl1h/n::Jo-ps/nrf~vipw html?Rpnnsitnrv=f::Jstrpnns first::Jm npt.RrVilpP::lth=\\rnrn fir
l/L1/')OOj
if
~ull Screen Image Viewer
Page 4 of 7:
^ ~._/>
Page: 4
lttD:/ /fast.firstam.net/imaQinQ/nuh/naQes/nreview. htm 1 ?Renositorv=fastrenos. first8m. net& Fil e P8th=\ kom. fir
1/4//001
~uL Screen Imag~ Viewer
Page 5 of 7:
Page: 5
11in' / /f::J"t fir"t::Jm nf~t/im::J o-ino-/mlh/n::J o-e,,/nreview.htm l?Reno"itorv=fa"treno". firstam.net&FilePath=\ \corn. fir... 1/4/200l
Page 2 of 1:
<'ull Screen Image Viewer
I ~~l'
ty-
~
Q
(b
!~
~
~
~
'-::.Z
;::=
~
a .~'f;J '3(1-7
6505794 (it)
811- @
<;./. A f ;;;.([?
~f... /
THIRD AMENDMENT TO C.OVENANTS ANt'RESTRICTIONS
THlS AMENDMENT} made and entered mto as of November 1.. 15}9S" by and
between NORTH RIDGE CARE CENTER,. we,} a Minnesota corporation '("OwneJ:n),
and TIm HOUSING AND REDEVELOPMENT AUTHORlTY IN AND FOR TIm
CITY OF NEW HOPE} MlNNESOTA} a .Minnesota municipal oo1."p(.)ration ('1iRA");
'WITNESSETH, THAT:
WHEREAS.. by that certain Deed and Covenants :Running with the l::..and
("'Deed") from. the BRA to Owner dated December 17.. 1982 angJiled in ~fice (}f
the Hennepin County Recorder on January 4; 1983 as Doeu:ment No. 4762.836 and in
the office of the Hennepin County Registrar of titles on December 29" 1.982 as .
Document No, 1494994.. the BRA conveyed to Owrl.er the premises lying and being
in. Hennepin County/ Mi:nnesota. (''Premi~) which are now described as follows;
Lot 1, Block 1/ North Ridge CareCenrer Addition, ex:cept the most Southerly
30 -feet thereof, according to the recorded plat ther'eof; and
The most Southerly 30 feet of Lot 1, Block 1/ North Ridge Care Center
Addiuon" ~oording to the :recorded plat tJ:l..ereof;and
'WHEREAS1 the Deed as amended by that .certain Amendment to Covenants
an.dRest.rlctioIlS (the ''Erst At:nendment") dated a.s of December 1, 1986 between the
Owner and the HRA.. imposed certain covenants and restr.b:tions upon said
Premises in connedion with the issuance by the City or New Hope, Mltme:sola
("'City") of its Life Ca..l'e Facilities Revenue Bonds (North Ridge Caroe Center.l me.
Project), Series 1.982, in the. total principal amount of $8,500,,00.0 ("'1982 Boods"), and
me issuance by the City of its Mu.ltifamilyHouslng Development Ee.ftmding
F,..evenue Bonds (North Ridge Care Center, me. Project), Series 1986,. in the total
principal atnount of $8,360,000 (the 1i1986 Bonds") for- the-pUJ:;POse or refunding t.'h.e
outstanding 1982 Bonds; and
WHBREASI' the DeedM amended o-j the First Amendment MS heart fur-fher
amended bya Second .Amendment to Covenants and Restrictions (the l'&>...rond
Ame.ndn1ent'? dated ~ of August 1t1989" between the Owner, th.eHRA and the
trustee fur the 1986 Bonds; and
'V\I'HEREAS, the City has agreed to issue its Multif~..m.iIy Housing
Development-Refunding R.ev'enue Bonds, SerIes 1995A (GNMA Collateralized..
North Bidge Care Center,t lnc. Project) in the total principal amount of $7;560;000
("1995A Bonds#") and its MUltifamily Housing Development Revenue Bonds, Series
19958 <Taxable) (GNMA Collateralized - North llidgeCare Cen~r, Inc. Proje-ct> in.
the to~ prlnclp~ ~~tof $800,000 ~the i'1995B Bonds")j forilie p. PRJOB 'fAXES
refundhig the OutS~."ding 1986 Bonds, and TAXPAYER SErlVICES
"l11..ANSF5H5NTEBED
/
NOV2S'1995
I"Il'rClll'l'"V
7ull Screen Image Viewer
Page 3 of 1:
WHEREAS, the Owner and the HRA desire to amend the covenants and
restrictions ;contained in the Deed., as amended, to .reflect the TefUndin.g of the 1986
Bonds with the proceeds of the 1995A Bonds.
NOW, THEREFORE, in consideration of the issuance by the City of the 1995A
Bonds and. the loan of the proceeds thereof by the City to the Owner.. the adequacy of
which is hereby a.cknowledged by Owner, the:H:RA and the Owner do hereby agree
that the Deed as h&-etofore amended by the First Amendm.eni and the Second
Amendment.. shall 'be and hereby is further ~d as follows, 'but otherwise shall
remain in full force and effect:
(1) The definition of the term .<1J3onds" in Sed:k>n '1 is deleted in its
entir~ly and the following is substituted in lieu thereof: .
Rondli: The Multifamily Housing Development Refu.ndiItg Revenue
Bonds, Series 1995A (GNMA Collateralized. - North Ridge Care Center, me.
Project), issued by the City of New Hope, Minnesota milie total prmcipal
amount of $7 ,560,000.
(2) The definition of i:~ renn "Qualified'Project PerlodJ1 in
Section 1 is deleted in its entirety and the following is substituted in lieu thereof;
Qw'tlijied Project Period: The period beginning on the ~t day on
which at least ten percent (10%) of th.e. units in the Rental. Project: are first
occupied (which date shall be established by a Certificate and Deda:ration to be
executed by the Grantor and the Grantee in the form attached to this Deed as
Exhfbit A, and until soesf:ablish-~ shall be deemed to be not earlier than
October It 1983), and e.nding.01'\ the later of (i) the date which is ten (10) years
after' the date on which at least fifty percent (50%) of the u.nits in the Rental
Project are occtlpied {which would a1ro be established by said Exhibit A~and
until so e:stablishedshaUbe deen:l.ed robe not earJierfuan October 1" 19931
(ii) the date which is least fifty percent (50%) of the nun:t'ber q! days from
the dare on which any of the u:mts in. t.he Rental Project are occupied to and
i11cludmg January it 2031 (which date '$L~ airo })e@tablished by the form
at~d to this Deed as Exhibit A. and until $0 established shall be deemed to
be not earlier than May 15, 20(7), or (ill) the date on which my assistance
Fovided 'With respect to the Rental Project under Section 8 or the United
States Housing Act of 1983 tenninates (which date shall al$O be ~ab1.ished by
the form attachedro this Deed as Exhibit upon t..'fteexecutiQ.Tl, of a.i'\Y
Hot.tSing .Assistance paymen.ts Contract with the United Sl:ates Depart:rn.ent of
Housing and Urban Development, provided that theeve..T1t or termination
of my such Contract:,. gsid datesp~l 00 the d.ate of te..rmL'l\afion as estabUshed
li
,.2;=
;'ull Screen Image Viewer
Page 4 of 1:
by a Certificate and Declarati.on to be executed by Grantor and the Grantee as
an amendment: to the form attached as Exhibit A to this Deed),
(3) The definition ofth.e rerm '1:'mstee" in Sedion 1 is deleted in ita
entiretjr and the following .is substituted in lieu thereof:
Trustee: Norwest Bank Minnesota, National Association, a national
banking association, whose principal corporate trust office is in Minneapolis"
Minnesota, ~ Trustee under an indenture of Trust,. dated as of November 1,
1995, between th& Trustee and. the City of New Hope, Minnesota, and any
successor trustee thereunder.
(4) Section 101' entitled "'Amendment. Termination or Deletion of
CovenantS" is hereby amended by adding the following as a new third sentence
'thereof:
Prior to such expiration of the stated termr it shall also be an .... Appropriate
Time" for the execution and delivery of the certifitate .of Am.endment of
Termination or Oeletionof Covenants if: (a) a.n "involuntary loss" (within
the meaning of U.s. Treasury Regulation S 1.103-8{b)(6)(ili.)) occurs] including
'Without limitation foreclQStu'e or transfer oftitie by deed in lieu of
foredosuxe .a:n.tl ifF witl:t.in. a reasonable period following such fn.-voluntary
lOSSr the Bonds are retired; provided, however, that neither t.lte Grantee nor
any related person obtains (either directly or indirectlyJan ownership i:merest
in the.Rental Project, a:n.d (b) if there is delivered to -the Grantor and the
Tmstee a written opinion (If Bond Counsel add.ressed to the Grantor and the
Trustee to 'the effect that such earlier termination or deletion. .from this Deed
of such oovenants or restrlcti.ons will not adversely affect ilia exemption from
federal inrome taxation of interest already received or to be .received on the
Bonds.
I
I
I
I
I
.
i
.~
1
.
(5) . The second sentence of Section 13 is
t.'i1.efollowing is :substitu.ted in lieu thereof;
inlts
and
This lien shall be subord.inate1:o rights the premises created by (a.) an
Indenture of Trust dated as of Novem.ber 1, 1.995 betw'een the City of New
Hope, Minnesota and the Trustee, (b) a Loan Agreexnent dated as Noven1Om-
1, 1995 between the City 'Of Ne-w- Hope, Minnesota liU"ld Grantee herein~ a..'1d
(c) the l'FHA Loan Documents" (as defmed in the 1ndenw.re).
I
R
(6) follo\\!ing is added. as a new Section 19 to the Deed:
Section 12. EHA Firumcin~ Therovena.Ttts C'Ofitained in ftUs Deed are
hereby made a.."Pl'essly subo:rdi:nate to the FH.4. Loan Documents and all
=3 =
~ull Screen Image Viewer
Page 5 of 1:
....
:applicable HlID mortgage insurance regulations and related administrative
requirements and a.utomatically terminate in the event of fureclosure of the
FHA Loan Documents or transfer of title by deed in lieu of foreclosure.
The enforcement of the covenants and restrictions oontained herein
'Will not result in a claim against the Rental Project, and proceeds of the
Mortgage Loan. (as defined. in the Indenture) or any ~e or deposit
required by HUD under the FH.A Loan ~ts, ox any rents or income
from the Rental Project other than from a.vailable distributions and l'esldual
receipts authorized fur release by HOD.
In the event of any conflict between the provisions hereof and the
provisions of the applicable BUD regulations and administrative
requirements appUca'ble to fue Mortgage Insurance (as defined in the
Indenture) ~d the FHA Loan Doeumentsl' such HUn regulations and
administrative requi.J:'ements and the FHA Loan Doct.u:nents shall control.
Any provision hereof requirlngthe Borrower to take any action
ne1.':eSsaryto preserve the tax exemption of the m~t on. the Bonds or
p.rohiPiting the Borrower from taking any action that might jeopardize the tax
exemption is hereby qualified to exoept actions prohibited Of required by HIJD
pursuant to- the National ~ousing Act, applicable m.ongageinsurance
regu1ationsand the EHA Loan Docwnents+
Notwithstanding anything contained herein to theoont.rary, no further
a:cr:tendment to this Deed or the covenants and restrictions set forth. herein
(other than termination) may ~ made 'Without the prior written consent of
huD. -
lNW1'INESS 1NHEREQF, the Owner <hi.d the HRA have caused this:
Agres..ment to be dwyexecuted as of the date first above written.
CJl...:pJ3 c-ill\l t'!iK1
By ~ 7~~==-
Its. ft-----
=4=
~ull Screen Image Viewer
Page 6 of 1:
THE HOUSING AND REDEVELOP~"'T
A'fJ'I'HORITY IN AND FOR THE CITY OF
1\TEW HOPE~ MINNESOTA
By:d-jt~~. .~ '
/ . Its Chainnail
And:
rfJ!ida4
Its Sea'eta1'y- Treasurer
.~~
v . Its.Executive Director
And:
Signatw:e page to ".fhird Amendment to Coven<rn.ts and Restrictions dated as of
November 1,1995 oot!l'J'~n North Ridge Cue Centerr L,c. ar.d The HO"-..1Si.rJ.g
Redevelopment Authority Lf'l. and for the City Ne-w- Hope, IvTh.iJ."1eso!a
""
-~.,..
~ull Scre:;en Image Viewer
Page 7 of 1:
, .
STATE OF MINNESOTA)
)$5.
COt.r.N'TY OF ::emNNEPlN)
T'ne foregoing instrument was acknowledged before me thisA if Jd day. of
November, 1995, by Charles T. Thompson, the President of NORTH RIDGE CARE
CEN'rER,. INC., a Minnesota .corporation" on behalf of the corporation.
. .
KAREHJ;.FORD I
NOTMW'~
~....~-,..~,... .
. .. lilt
.
This Insb.'u:ment WllS Drafted By;
DORSEY & WHITNEY'P.L.t.P. (SVD)
Pillsbwy Center South
2220 Soum Sixth Street
hrfu.mea:polisr Minnesota 5-5402..1498
V~liI
S~.A. .~OIWJ. .~
~~t'i.}dlii'{H~A ~
~OOI.lNi'f s
~~Pm~_~u,,~ Ilf.
~N-~.IW;NV'Nl^WIMN;N~~~
-6-
..
"
'----
'ull Screen Image Viewer
Page 8 of 1 .
.
(
..
.
EXHIBIT A
. AMENDBD AND RESTATED
CERTIPICA'tE AND DECLARATION
AS TO
QUAI.IRIEO PROJECT PE100D
WHEREAS, The Housing and Redevelopment Authority in and for the City
of New Hope, Minnesota, a Minnesota municipal corporation, Grantor, by a deed
-recorded on the 4th day of Januaryl 1983, in the office of the County Recorder in and
for the County of Hennepin and State of Minneso~ as Deed Document No. 4762836
and filed on the 29th day of ~, 1982. in. the office of the Registrar of TH:l.es,r
hennepin County, Minnesota" as Document No. 1494994 (th-e ''Deed/'), has ronv~yed
to North Ridge~e Center, Inc., a Minnesota corporation,: grantee... the follo'Wing
deso:ibed land in the County of Hennepin and State of ~~to-wit
Lot 1, Block 1, North. Ridge Care Center Addition, according to the recorded
plat thereof;
and
. WHEREAS, the Deed, as amended by that certain Amendment to Covenants
and Restrictions dated as of Dece'm.ber 1, 1986 between Grantor and Grantee, that
certain Second Amendment to COvenants and Restrictions dated as of August 1,1
1989.. and that certain Third Amendment to Covenants and Resf:rlctions (the ''Third
.AJnendrnent") -dated as of November 1,1 1995, contained .certain covenants and
restrictions in Sections 2, 3 and 4: thereof which were intended to run with the land
and be binding upon the Grantee, its successors and assigns, at all times during a
Qu.a1ified Project Period}' as therem defined,. unless and until such covenants and.
restrictions are amended, terminated or deleted as provided in the Deed; and
w:H:EREAS,I under the terms G..i.i.d provisions of Se-ction 1 of the D~ the dates
of certain oeClIITen~s are to he established by .m t..'1.Strul.:'r'tent to beexecu.ted by the
Grantor a..'1rl the G:rani:ee, and were by Certificate a.'I'1d Declaration dared December 31f
1986 (the H1986 CertificaUf');
WHEREA.SJ' it is now necessary to amend and testate the 1986 Ce:rthCicate to
reflect the Third ~ent and the extension of the QualliiedPtoject Period;
NOW, T.d:ERBFORE, the Grantor and Gra.."ttee do hereby certify and deda."e
1. The da.re on which at least ten (10) Percent .of the urJts in the Reni:al
Project (as defated m. theD-eed) were occupied was November 1, 1983, which was the
dare of ronu:nertcement of the QU;li11f1ed Project Period.
~ull Screen Image Viewer
"
~
T
2. The date on which at least fifty (50%) of the units in the Rental Project
were occupied 'W'a$ December 31, 1983, and the date which is ten (10) yem thereafter
is December 31, 1993.
3. The dare on which the first unit in thE Rental Project was occupied was
October 1... 1983, and the date which is at least fifty percent (50%) of the numbe:r of
days from said date of first occupancy to and including 1anuary 1} 2031 (being the
final maturity date of the Bonds as defined in the Deed) is May 15, 2007.
.4. No assistance is provided with. respect to the Rental Project under
Section 8 of the United States Housing Act of 1937.
5. The date of termination oftha Qualified P.roject Period is the latest of
the dates set forth in paragraphs 2 and 3 hereof, and until and unless th.isCertificate
and De:claration is- amended, is May 15, 2007.
Dated as of November 1, 1995.
THE HOUSING AND REDEVELOPMEN"T
AtJ1'HOmrY IN .AND FORI'HE CI'n' OF
NBW HOPEr MINNESOTA
By
Chairma..""l.
By
~=Treasmer
By
Executive Director
NORTH PJOOE CA..~ CEN'TER" INC.
Bv
" Its P.resident
~2-
Page 9 of 1:
~
~ull Screen Image Viewer
's t t:-
. ... ~'
Page lO of!:
STATE OF ~"ESOTA )
) 58.
COi.Ji\J'"TY OF HENNEPThT )
On this _ day of November., 1995.. before me a Notary Public, personally
~ppea.red .. . .. . . Chairman , Secretary_
Treasurer and C. . Executive Director, of1HE HOUSING
.AND REDEVELOPMENT AUI'HORlTI.' IN AND FOR THE OTY OF NE"W HOPE..
:MINNESOTA, that said instrument was signed on behalf of said corporation 'by
authority of its governing body, and acknowledged said il"\Sb:ument to be the free act
and deed of said corporation. .
Notary Public
STA 1':E OF J:<..fiNNESOTA )
)Ss.
COUNTY OF HENNEPIN)
On.this --....- day of November, 1995, before me a NotaJ.:y Public} p-arson.a1ly
appeared ~arles T. 'I'hompson, to me ;personally known, who, being by me duly
sworn, did say that he is the President of NORTH RIDGE CARE CENTER" 1NC.... a
Minnesota corporatioo...and that he acknowledged said msh'u.ment to be me free act
and. deed of said corporation acting on behalf of said.
Notary Publli:
tiJ. f5~
.1::. """""
TIUs l~~-."e,nt wi ~~d By:
..'L- .... .
DORSBY & Wmrm'CP.L.L.P. (S\,"O)
Pillsbury Ce.ll:ter South
22.20 South Sixt.~ Street
M:inneapolis, 1fillmesota 55402-1498
-3-
., Co,
'J\
~
~
....
(;J')
g
ClI
~
~
.;:.,.. ., -:.::..e
f\i- '1,.
;):)-00
2%
Cc
~~
f.Jlj;Jj
...... jI.l.
O'\q..
NN'
......~
n~
~~
~~
;,et~D
,;.~
Q,(f.J
Cc
{"1r;:J
~. ~
~.fl<
gg;
m~
<"> "'l!'.....
~ R!r>
~ ~m
H.:!i =!ri
C"'':1 8~
~~ ~c
Qt: ., ;o;"''!:
~t== -~
~f~ ~-<::l
~i; it~f
e :z~
g rn~
0'-
~ro
.::0" t.P
~~ U'1
~'S} 8 _
~ lil 0
~ - <::
r~ N
~'., co
:Q>j .:.0
"":
Q .::.
'..If f't ..
~~ N
:5 ~ 00
! ::S~'_
....... .~...,
-<
n :tI
~~
<'Tl
"1\m
m.tn
fli
'\1)
\ \
g~
('\ i;
I .......
(,') )
\A ~
.....
\.,
ITnc
,
,
i
,
Ug~lJS
~
19A\g!A g1'hmII
g~tld
11
1 JO
;"1
71.C
I ~l/
/ jf'/. "f
:-;t./ 0"'>.
/
C1}
/--z-l-Yl
. PD.'V:OO
, tffi'EREAs, The HoU5~nlJan~ Redewl.opment: Aut.l1odty in
an4. for the C!~y of New Rope. ,.Minnesota, a w':-nesota municipal
cO,~cration, Grantor, by .!! ~"recorded on the 4th day of
January, 1953,' in the office of the County Reeorclier in ~nd for
t:.he;County of, HenneFin an'a. St:ate= of l4innelllotli~ &Iil Deed DocUllilent
~.~762a36an~ fged On tile 29th day of December, .i.3S2, in the
of~icaC)f, th, e>ll~g.iliitrar, of T,' i, tIes, B,ennepin County;' !tiM, esota, 1
as ~nt'No."H94994 (the "Deed"). hal"conveyli:id to North Ridge ,
~are, Ce, nt"ar,:', Inc., ~ ~nneE:)tc:-"COrpo, ,'r, ation,Grl!lJlt4iN!l, ; the follow- ~I
u;g de, SCribe, '"d, lane; l.n the County of' Hennepin and State of -~~ ;~
,Min.'lesotaii'~t:.o-,.wii:: , ' ' , <j& ~
' L6f' 1, Block l,~r~h Ridge C~e Center
A134i,;ion,llIccordiiig to the recsrded plat
ther,eof;" '
'..'
~". .
, , ,~REAS,:, the Deed, as _ilded by that certain i'.menament
t() Co,\?en~ts,;~nd Restrictions datea'as otc-' ~emberl" 1Sl86
betl!l'een, Grantor and Grantel;!, contained certair. COVenilntfii and
restxictions',':':ln"secti.ons2,3,; ,and,~ thereof Which' 'wre intended
to, run \.itil the 'land cUlti be bindIng upon the G:r;ant~, it$
successors 'and asSigns, at all tiiiiesduring a QuC!J.ified Project
Period, ',U therein de;fiaied, unlel'ul,L"ldiintilst1ch','CoVenants "',:ld
reliltrictionlil are amended, te:rndnated6r deleted as provided! in
thiiiD;;;ed ran'd
i:ffiEf>..EAS. under th~ tSI'lillS 'a..irtd 'provisions of Section 1 '
Oeedthe date5' of certain OccUrrences, ire to be estab-
;tished' byaninliltr~t to!)e'~xe;ciH;:ed::',by::t.heqJ:'antor and ~l1e
cr,~too, in subliltantic:;lly t.he :form or, tlu.lj;' CerHficlilte and
~cl~ation. '
~, THEP,EFOI:Ug,the Gr-'ilntorand Grail!i.t(lil(l! e--o hereby
,certii;l' ,.limd 'aeclarc thillt;:
Wh~,&~_=,'_'__""'_"'=_~<c",~=""",u,,,,"',",,~',~~_"
~
3. TIle date on which the first unit in the Rental
Project was occupied was OCtober 1, 1983, and the date which is
a; least fifty percent (50%) of tha number of days f~~m said date
of first occupancy to and including December ~I 2016 (being the
final maturity date of the Sonds as defined ir. the Deed) is
May 1, 2000.
4. No assistance is provided with res~~t to the
Rental Project under Setion 8 of the United States Housing Act
of 1937.
5. The date of termination of the Qualified Project
Period is the J !test of the dates set forth in paragraphs 2 and 3
hereof, and until' and unless this C~rtificate and Declaration
is amended, is May 1, 2000. .
Dated this~ day of Deceml:ler, 1986.
THE HOUSING AND REDEVELOPMENT
'AUTHORITY IN AND FOR 'l'HE CITY OF
NEW HOPE, MINNESOTA
B'ldL,J~~.J
/' CJlal.l"lllan
C/q./I G.~
BY--H'J';'~
secretary- reasurer
BY~~.d?,J~-- ,I.
~..A::; Execut:J.ve th~
NORTH. 1 RUID!JGGl'F~ CARE~'~ INC.
BY~
~ts ?resident
,i:~..
~ull S:reen Image Viewer
~--A~~d(~)
Page 10f:
.r1Aw
V~. ~
{J21)'38f7 8L @
AMENDED AND RESTATED
CEltf1ElCATE AND DECLARATION
AS TO
QUALIFlED PRO)ECl' PERIOD
6505795
J
WHEREAS" The Housing and Redevelopment Authority in and ror the City
of New Hope, Minnesota, a 1\Cnnesota municipal corporation,. Grantor} by a deed
mcorded on the 4th day of January, 1983, in the office.of the County Recorder in and
for the County of Hennepin and State of Minnesota, as Deed. Document No. 4762836
f9;1d filed. on the2.9th day of December, 198-21 in the office of the Registrar of Titles,
hennepin County, Minneso~ as Document No. 1494994 (the #Deed"), has conveyed
to North Ridge Care Center" Inc.,.a J:v1'.innesota. corporation" grantee, the following
described land in the County o~ HeMepin and State oi Mlnnesota}' to-wit~
Lot 1, Block lr Now Ridge Care Center Addition,. according to the recorded
plat; thereof;
and
WHEREAS, the Deed.. as a:m.ended. bythatce:rtain Ame.."1dment to Covenants
and Restd,ctions dateda.s of December 1, 1986 between Grantor and Grantee" that
certain Second Amendment to Covenants and ~trictions dated qs of August 1,
19891 and that certain Third Amendme."tt to Covenants and Restrictions (the "Third
Amendment;'/) dated as of Nove;nber 1, 1.995, contained certain covenants and
resirlctions in Sections 2, 3 and -4 thereof which were intended to :run 'With the land
and be binding upon the Grantee, i.ts successors and assigns, a.t all times during a
Qualified Project Period,. as therein defined, utdess and until such CO'Venants a.T\d
restrlctio:ns am amended, terminated or deleted as pro-vided in the Deed; and
WriEREAS, und.er the te.,~and prov.!Sions of Section 1. of the Deed the dates
of certain OCCl..ll'I\eI1.ces are to be established by an instrument to be executed by the
Grantor and 'rheGran~, and were by Certifica~ and dated Deca:nber 31,
1986 (t.l1e "1%6 Ce!iifiCa,teP}i
WrlEREAS...lt isnownecessarj.to amend and r~tate the 19~6 Certificate to
r~ttect the Third. Amendment and the extension of t.i.e Qualified Project: Period;
NOW, l'HBREFORE, !:he Grantor and. Grantee do hereby ceatify and declare
that;
1.. The date on which. at least te.,11. t1O) per.c-ent of the l..lIllts the l'~al
Project (as defined in too Deed) were occupied was November 1" 1983, which was the
date of commencement of llie- Qualified Project Period,
<ull Screen Image Viewer
Page 2 of:
'"
..
2. The date on which at least fifty (50%) of the units in the Rental Project
were occupied was December 31, 1983, and the date which is ten (10) years thereafter
is December 31, 1993.
3. The date on which the fitst unit in the Rental Project was occupied was
October 1, 1983,.a:nd the date which. is at least fifty percent (50%) of the number of
days from said date of first occupancy to and including January 1, 2031 (being the
final maturity date of the Bonds as defined in the Deed) is May 1ST 2007.
4. . No assistance is provided with respect to the Rental Project under
Sectlon 8 of the United States Housing Act of 1937.
5. The date of termination of the ~ed Project P-eriod is tlJ..ec latest of
the dates set forth in paragraphs 2: and 3 hereof, and unW and unless this Certificate
and Declaration is am.ended. is May 15.. 2007.
Dated as of November 1.. 1995.
THE HOUSING AND REDEVELOPMENT
AtITHORlTY IN' AND FOR T.HECITY OF
NEW HOPE, MlJ.',l'NESOTA
~,
.. .. Chalrman
:lJIil:J4
Secretary-Treasu.rer
. ~L)/. j
By:.'. ~~~~-
Executive Director
By
NOR'l'i'i roOOE CARE CEN1'ER, ll"\},C.
I
I
I
I
By ~~ 7" ~~-.A-k---
Its Pre.s-ide..'it
-2-
(;JG.,~,^,"",.:W"":'",,,~ ~ ,_i7~~' ';;';<;;;.~;:;"''':.;;;''";'':~'~"~,,.;
_...
l!
~ull Screen Image Viewer
Page 3 of:
l' .. I tot
STATE'OF MINNESOTA)
)S5.
COtT.NTY OF HENNEPIN )
On this ;( 7 Jay qtNovember~ i995t before ~a N~ Public, personally-
appeared ~.'NfG ~ Chairman IJ. .t1!..Iq,r k~ , Secretary-
Treasurer and ~;IZ/ .':;'3.. Executive Director, of THE HOl:.1SI.t'I1G.
AND RRD~LOPMENT AUTHOR.1T'( IN AND FOR THE CITY OF NEW HOPE,'
:ivffi',.'NESOTA,: that said instrUment was signed on behalf of said corporation. by
authority of its goveu:ti,ng body F and acknowledged said instrument' to be the free act
and deed of said corporation.. .
.9;;:.CJ:~
Notary Public .
STATE OF MINNESOTA )
)as.
COUNTY OF HENNEPIN )
On thisOJr day of November, 1995}' before me a Notary I'--ublic, personally
appeared Charles. T. Thompson;, to me personally kmnm, who, being by me duly
sworn" did sa.y that he is the President of NORTH RIDGE CARECBNTER, J1'.1c,,, a
:&fumesota rorporatiolltand that he acknowledged said instrument to be the free act
IlI\d deed of seid <OJpO<alionacting ~.. ~
;J3ta:ry Public
Ii
~ /;. ~RAl1 I
NOTARYPU. ..BUC-... MImIESOt. 1\....
HeNNePIN COON'TY
My Ccmll!u!~~ Jan.~l. ~
ill
This Instru.~ent Vi as Drafted. By~
DORSEY &; VVID'rNEY P.LL.P. ($VD}
Pillsbury Cen~ Sout..lt
mo South Sixth Street
Minneapolis~ lv.fum.esota 55402-1498
\f'ifli'll:
?
~
~A'i'!'i'l'Ul1U~~ ~
~
" '\AAf~jil
-3-
'"
, '"!<"
~
1
........~
f\) l'6
e .~-
i~:~
-~ in
):oo:q. ,l-!"
m Q'l
t3 ~.
'''"'''' I-"
~ 0
(.11 3l
5i 8
~'itl
C,!j Ul'
"--'" ... .
,8 ~
n- c
.,-\ft
Ft. .
?': ,-
Q' Ul
>:;;1,_0
, -
...
~o
n Y!~'
~;~ ~~
f'.....lp ~(:.'"
~':~i-~ c ~~
ors ::;".;:
rt;ffl "",,';'~
<:;;o~ --;
E'~:: ,i~~~
5 !:l<t{"'>
o fA~}
.~or.~
-tr"';!
::z....
~
{,J'l
%
o
=<e'
N
0)
-0
.~
~
H
N
o
.~
~ ffi
o 0
1 ~ ~. _'.
\~~ .... . '. .," (:.1-
'1\ '. Pl"l..' ~ ;, '.' <c."" 'i)
<F<'l V' . """'"
ll~. \' 4 ......C\ ;."')
tn ~ . -';;f;
\ '\"" I f.~
\'-.\V) to. -~ f-~. ~
\ \ \ s ~ .~~
\. \ 'rf
l" .
.'~
~
:::
g~
r'\"S
. .~
j;. ~
~
...
~,
~~~.rf
-'
~
-.
~
nn~
lGM.G~A Gl3tlUII U::)~;ll:)S
Gl3Bd
I
lJO