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CONSERVATION EASEMENT <br />THIS CONSERVATION EASEMENT ( "Easement ") is made of this day of <br />, 2003 by' Tollefson Development, Inc., a Minnesota corporation ( "Grantor "). <br />RECITALS <br />A. Grantor is the owner of that certain real property lying and being within the County of Anoka, <br />State of Minnesota legally described on attached Exhibit A (the "Property"); and <br />B. The City of Lino Lakes, Minnesota ( "Grantee ") is a Minnesota municipal corporation. <br />C. Grantor desires and intends to grant and convey to Grantee, a conservation easement for the <br />purposes set forth in this instrument, all as more fully set forth herein. <br />WITNESSETH <br />NOW, THEREFORE, for good and valuable consideration, the sufficiency of which is hereby <br />acknowledged, Grantor hereby grants to Grantee a non - exclusive conservation easement over, under and across <br />that portion of Grantor's Property legally described on attached Exhibit B (the "Easement ") on the terms and <br />conditions set forth herein. The Easement area is depicted by a sketch attached hereto as Exhibit C. Exhibit C <br />is for illustrative purposes only, and the legal description of the Easement contained in Exhibit B shall control. <br />Section 1. Conservation Easement. <br />1.1 Grant. Grantor herewith grants to Grantee a conservation easement for the purposes, and <br />subject to the terms herein specified, over and upon the Easement area legally described in Exhibit B. <br />1.2 Purpose. The purpose of the Easement is to assure that the Easement area shall, at all times <br />hereafter, remain in its current undisturbed condition, constitute scenic surroundings, and constitute a suitable <br />habitat for wetland vegetation and/or wildlife. This conservation easement shall in no way be construed so as to <br />grant to the public any rights to use or improve the Easement area for any other public or private purpose. <br />J <br />1.3 Building Restrictions. No buildings or other structures of any kind, and no fences, roads, signs, <br />poles, no wires, or other material of any kind shall be erected, installed, constructed, placed, or allowed to be <br />erected, installed, constructed or placed on or within all or any portion of the Easement area. <br />Page of • <br />