Laserfiche WebLink
RED LIN C VERSION <br />AM ENDED.AND. RESTATED <br />DECLARATION OF COVENA14TS AND RESTRIOTIONS <br />'PHIS AMENDED AND RESTATED DEC- LARATION is [Wade as of the -eO­ :day of April,? ?February 2005, by <br />BOULDER SENIOR LIVING. LLC, A MINNESOTA LIMITED LIABILITY COMPANY (the1"BORRO.WER-4." <br />W1..TN. ESS'.ETH: <br />WHEREAS, the BORROWER Is the owner o(certai# real property located: jn Ramsey County, Minnesota, legally <br />described on Exhibit A -attached hereto and hereby made -a part Hereof{the =PROPERTY.mn, and <br />WHEREAS, the BORROWER intends to eens has.construeteda93unit housingdevelopment(the "PROJECT") <br />on ilia PROPERTY; and <br />WHEREAS, the cost. of constructing the PROJECT 4ill-beiv�as financed in part with.the.proceeds ofthe $8, 00,0.00. <br />City of.Gem Lake, Minnesota Senior Housing Revenue Bonds:(Boulders; Apartments Project), Series 2002A, the.$'250,Q00 pity <br />ofGetn Lake; Minnesota Senior 6lousing.Revenue. Bonds.(Boulders Aparmterats Project), Series 2002E (the "BONDS"); and <br />WHEREAS, as a condition to;agreeingta issue'-the.BONDS, GEM LAKE.required-that-thbBono%mBORROWER <br />agree to restrict.the use and occupangy-6fdwPROJEf�'I', ; and <br />WHEREAS, the Declaration contained certain covenants and restrfetions which were ftttetided to run with the <br />Land and be:bindina upon the BORROWER,10 successors and assigns; and <br />WHEREAS, nursuantto its teram the ORIGINAL DECLARATION may be amended with the wrftten consent <br />of the. BORROWER, Gem Lake and. the. City .ofWhite B&arLake, Minnesota("WBL")• and <br />WHEREAS; the BORROWER executed and delivered that certain Declaration of Covenants and. Restrictions, <br />dated April 29 2002 and caused the same to be recorded 2002 .in the office of the County Recorder of <br />Ramse • County as Document No. the "ORIGINAL !7ECLARATION" <br />25G230v 1 <br />Amcfxlmciu. to Loma Agreement <br />