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10-09-23-R
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10-09-23-R
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10/5/2023 1:44:03 PM
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10/5/2023 1:41:48 PM
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TERMINATION AND RELEASE OF <br />ASSESSMENT AGREEMENT <br />(Parcels 21.30.23.34.0009 and 21.30.23.31.0032) <br />This Termination and Release of Assessment Agreement ("Release") is made and entered <br />into to be effective as of day of , 2023 ("Effective Date") by <br />SCANNELL PROPERTIES #486, LLC, an Indiana limited liability company ("Scannell") and <br />CITY OF ARDEN HILLS, MINNESOTA (the "City"). <br />RECITALS: <br />A. Scannell is the successor -in -interest to CMK Arden Holdings, a Minnesota limited <br />partnership, Owner under that certain Assessment Agreement dated October 2, 2014 and recorded <br />October 13, 2014 as Document No. A04527596 in the Office of the Recorder of Ramsey County, <br />Minnesota (the "Agreement"), pursuant to which Declarant subjected the property (the "PropertX") <br />to certain restrictions that inure to the benefit of the owners of the Property and the City. <br />B. The parties have agreed to terminate the Agreement as of the Effective Date and <br />desire to release the Agreement as a matter of public record, on the terms and conditions more <br />particularly set forth below. <br />AGREEMENT: <br />1. Release of Agreement. As the terms and provisions of the Agreement have been <br />met by Scannell, the parties hereby release and terminate the Agreement. <br />2. Entire Agreement; Counterparts. This Release is intended to provide recorded <br />notice of the termination of the Agreement. This Release may be executed in any number of <br />counterparts, each of which shall constitute an original and all of which shall constitute but one <br />and the same document. <br />[Signature Pages Follow] <br />
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