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EXHIBIT A <br /> <br />RELEASE OF OBLIGATONS UNDER <br />CONTRACT FOR SUBDIVISION/PLANNED UNIT DEVELOPMENT <br /> <br />This Release (the “Release”) is entered into effective as of May ___, 2013 (the <br />“Effective Date”), by and between the City of Lino Lakes , a municip al corporation under the <br />laws of the State of Minnesota (the “City”) and Lino Lakes Assisted Living, LLC , a <br />Minnesota limited liability company (the “LLC”). <br /> <br />RECITALS <br /> <br />A. The City and Hartford Development, Inc., a Minnesota corporation (“Master <br />Developer”), a re parties to a Contract for Subdivision/Planned Unit <br />Development relating to the Legacy at Woods Edge master development <br />between the City and Master Developer dated effective December 21, 2004, and <br />recorded December 29, 2004, as Document No. 1971748.007 i n the office of the <br />Anoka County Recorder, Anoka County, Minnesota (the “Contract”). <br /> <br />B. The real property legally described as Outlot A, The Village No. 4, Anoka <br />County, Minnesota (the “Property”), which was tax -forfeited, is subject to the <br />Contract. <br /> <br />C. The LL C has entered into a Purchase and Redevelopment Agreement dated <br />March 19, 2013 (the “Purchase Agreement”), with the Lino Lakes Economic <br />Development Authority (the “EDA”) to purchase and redevelop the Property as <br />an expansion to the existing assisted living facility located on the property <br />adjacent to the Property. <br /> <br />D. In connection with the acquisition of the Property, the LLC has requested that <br />the Property and the LLC be released from the terms and conditions of the <br />Contract. <br /> <br />E. It is in the best interest of t he City to promote development by LLC and to <br />release the LLC and the Property from the terms and conditions of the Contract. <br /> <br />AGREEMENT <br /> <br />For good and valuable consideration, the receipt and sufficiency of which the parties <br />acknowledge, the undersigned agre e as follows: <br /> <br />1. The Property is released from the Contract and the Contract no longer <br />encumbers the Property. <br />2. The LLC has no liability or obligations under the Contract. <br />3. This Amendment may be executed in counterparts, each of which, when so <br />executed and del ivered, shall be an original, but such counterparts together shall constitute one <br />and the same instrument.