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EXHIBIT A <br />RELEASE OF OBLIGATONS UNDER <br />PETITION AND WAIVER AGREEMENT <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 municipal 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 />RECITALS <br />A. The City and Legacy Holdings LL, LLC, a Minnesota limited liability company <br />( "Legacy Holdings ") are parties to a Petition and Waiver Agreement dated <br />effective December 20, 2004, and recorded January 19, 2007, as Document No. <br />1990513.011, in the office of the Anoka County Recorder, Anoka County, <br />Minnesota (the "Petition "). <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 />Petition. <br />C. The LLC 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 property adjacent <br />to the Property. <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 />Petition. <br />E. It is in the best interest of the City to promote development by LLC and to <br />release the LLC and the Property from the terms and conditions of the Petition. <br />AGREEMENT <br />For good and valuable consideration, the receipt and sufficiency of which the parties <br />acknowledge t as follows: <br />1. <br />the Property. <br />y°4s te1gd From the Petition and the Petition no longer encumbers <br />2. The LLC has no liability or obligations under the Petition. <br />3. This Amendment may be executed in counterparts, each of which, when so <br />executed and delivered, shall be an original, but such counterparts together shall constitute one <br />and the same instrument. <br />• <br />• <br />• <br />