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HomeMy WebLinkAboutVIII-19 Authorize Signature - Release of Declaration of Covenants - Hastings Industrial Park City Council Memorandum To: Mayor Fasbender and City Council From: John Hinzman, Community Development Director Date: February 5, 2024 Item: Authorize Signature: Release of Declaration of Covenants – Hastings Industrial Park Council Action Requested: Authorize signature of the attached Release of Declaration of Covenants, Conditions, and Restrictions. A simple majority of Council is required. Background: The covenants were recorded on four properties within the Hastings Industrial Park in 2006, subject to a ten year lifespan. The restrictions expired in 2016 and staff wishes to remove the covenants from the properties. The covenants were initially established at the request of a potential purchaser and developer of property who did not move forward with sale or development. Attachment • Release of Declaration of Covenants VIII-19 1 RELEASE OF DECLARATION OF CONVENANTS, CONDITIONS AND RESTRICTIONS WHEREAS, the City of Hastings, a Minnesota municipal corporation (the “Declarant”), through a Declaration of Covenants, Conditions and Restrictions for Certain Lots Within Hastings Industrial Park No. 7 (“Restrictive Covenant”), executed on August 7, 2006 and recorded in the office of the County Recorder in Dakota County, Minnesota, as Document No. 2459811 on September 11, 2006, establishing certain covenants, conditions and restrictions on the following described land in County of Dakota and State of Minnesota, to-wit: Lot 1, Block 1, Hastings Industrial Park No. 7 Lots 1-3, Block 2, Hastings Industrial Park No. 7 Abstract Property PID: 193200602100 193200602020 193200602010 193200601010 (the “Properties”); and WHEREAS, Condition #5 in the Restrictive Covenant stated that the term of the Restrictive Covenant was for a period of 10 years, which term has now expired; and WHEREAS, Declarant wishes to release the Restrictive Covenant against the Properties. NOW, THEREFORE, the Declarant hereby agrees to the release of the Restrictive Covenant against the Properties and the County Recorder in Dakota County, Minnesota, is hereby authorized to accept for recording and to record the filing of this instrument, to be a conclusive determination of the satisfactory termination of the Restrictive Covenant. [remainder of page intentionally blank] VIII-19 2 CITY: CITY OF HASTINGS By: Mary Fasbender Its Mayor By: Kelly Murtaugh Its City Clerk STATE OF MINNESOTA ) ) ss. COUNTY OF DAKOTA ) On this day of , 2024, before me a Notary Public within and for said County, personally appeared Mary Fasbender and Kelly Murtaugh to me personally known, who being each by me duly sworn, each did say that they are respectively the Mayor and City Clerk of the City of Hastings, the municipality named in the foregoing instrument, and that the said instrument was signed in behalf of said municipality by authority of its City Council and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said municipality. Notary Public This document was drafted by: Korine L. Land, #262432 LeVander, Gillen & Miller, P.A. 1305 Corporate Center Drive Suite 300 Eagan, MN 55121 651-451-1831 VIII-19