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2009_0223_Packet
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2009_0223_Packet
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4/20/2009 9:51:31 AM
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Attachment I <br />DECLARATION <br />The undersigned has the following interest in the real property legally described in Exhibit <br />A attached and all facilities situated thereon (cumulatively referred to as the "Restricted <br />Property"): <br />(Check the appropriate box.) <br />� a fee simple title, <br />� a lease, or <br />� an easement, <br />and as owner of such fee title, lease or easement, does hereby declare that such interest in the <br />Restricted Property is hereby made subject to the following restrictions and encumbrances: <br />A. The Restricted Property is bond financed property within the meaning of <br />Minn. Stat. § 16A.695 that exists as of the effective date of the grant <br />agreement identified in B hereinbelow, is subject to the encumbrance <br />created and requirements imposed by such statutory provision, and cannot <br />be sold or otherwise disposed of by the public officer or agency which has <br />jurisdiction over it or owns it without the approval of the commissioner of <br />the Minnesota Department of Finance and Employee Relations, which <br />approval must be evidenced by a written statement signed by said <br />commissioner and attached to the deed or instrument used to sell or <br />otherwise dispose of the Restricted Property; and <br />B. The Restricted Property is subject to all of the terms, conditions, <br />provisions, and limitations contained in the construction grant for the <br />Guidant John Rose MN Oval between the City of Roseville and the MN <br />Dept. of Employment & Economic Development, dated April 7, 2008. <br />The Restricted Property shall remain subject to such restrictions and encumbrances until it <br />is released therefrom by way of a written release in recordable form signed by both the MN <br />Dept. of Employment & Economic Development and the commissioner of the Minnesota <br />Department of Finance and Employee Relations, and such written release is recorded in the real <br />estate records relating to the Restricted Property. <br />This Declaration may not be terminated, amended, or in any way modified without the <br />specific written consent of the commissioner of the Minnesota Department of Finance and <br />Employee Relations. <br />(SIGNATURE BLOCK, ACKNOWLEDGMENTS, AND STATEMENT AS TO WHOM IT <br />WAS DRAFTED BY) <br />Generic GO Bond Proceeds 3 c� Ver — 6/26/08 <br />Grant Agreement for Construction Grants (Gnrc GO GA-Cnstrctn Grnt) <br />
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