CCP 07-20-1993 - Laserfiche WebLink

Home Browse Search

, , .. , Draft No.4 . 7/14193 DECLARA nON OF COVENANTS COTIAGE VILLAS OF ARDEN Hll..LS LIMITED PARTNERSHIP KNOW All PERSONS BY lHESE PRESENTS that COTIAGE VILLAS OF ARDEN Hll..LS LIMITED PARTNERSHIP, a Minnesota limited partnership (the "Declarant"), does hereby declare, establish and impose upon the premises described in Exhibit A hereto (the "Property'') the following covenants and restrictions, which are for the benefit of the aforesaid premises, and shall inure to and operate as equitable restrictions and covenants passing with the conveyance of the aforesaid premises, and are imposed upon said premises as a servitude in favor of said Premises: Provided: Section 1. Definitions. Unless otherwise expressly provided herein or unless the context clearly requires otherwise, the following terms shall have the respective meanings set forth below for the purposes hereof: &1: the Minnesota Tax Increment Financing Act, Minnesota Statutes, Sections 469.174 to 469.179, as heretofore and hereafter amended or supplemented. . Al!reement: the Contract for Private Development in Development District No.1, dated as of the date hereof, between the City and the Declarant, including any amendment thereof or supplement thereto entered into in accordance with the provisions thereof. Bond Counsel: any firm of nationally recognized bond counsel selected by the City. ~: the City of Arden Hills, Minnesota, and any successor. ~: the Internal Revenue Code of 1986, as anrended from time to time. Declarant: Cottage Villas of Arden Hills Limited Partnership, a Minnesota limited partnership, or its permitted successors and assigns which may assume its obligations in accordance with the Agreement DeveloDment District: Development District No. 1 of the City designated pursuant to the Development District Act and a resolution adopted by the City Council of the City on June 26, 1989, Development District Act: Minnesota Statutes, Sections 469,124 to 469.134, as heretofore and hereafter amended or supplemented. DevelODment Prol!t1lfIl: the Development Program for Development District No.1, as amended and supplemented by the Modified Development Program for Development District No.1, adopted by the City Council of the City by resolutions adopted on June 26,1989, and April 26, 1993, as hereafter anrended or supplemented in accordance with the Development . District Act .