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Ms. Jenni Faulkner <br />March 16, 2023 <br />Page 2 <br /> <br /> <br />860125.v3. 3.16.23 <br /> <br />The Plat must be executed with all the formalities of a deed of title. If the Property <br />has been, or will be conveyed to Frisbie Properties, LLC, I require review of the <br />documents of conveyance from Lake Elmo Business Park Company, general <br />partnership, to Frisbie Properties, LLC. I require a certificate of good standing from <br />the Wisconsin Secretary of State and evidence that the fee owner of the Property is <br />authorized to convey the easements dedicated on the Plat and that the person <br />signing is authorized to execute the Plat on the fee owner’s behalf. I require review <br />of these instruments. <br /> <br />b. The Commitment indicates that there is no mortgage on the Property. I require <br />verification that no mortgages will be recorded against the Property prior to the <br />recording of the Plat. <br /> <br />2. Plat Corrections: <br /> <br />a. The fee owner as on the Commitment and on the Plat must match exactly. If the <br />Property is to be conveyed to Frisbie Properties, LLC, I require review of the <br />documents as described in 1.a., above. Additionally, the Commitment and the <br />Wisconsin Secretary of State indicate that Frisbie Properties, LLC, is an entity <br />registered in Wisconsin, rather than Minnesota, and, if Frisbie Properties, LLC, is <br />the fee owner of record, the Plat must be revised accordingly. I require review of <br />this revision. <br /> <br />b. The fee owner’s certificate should be revised from “Have caused the same to be <br />surveyed” to “Has caused the same to be surveyed”. I require review of this <br />revision. <br /> <br />c. The fee owner’s certificate should be revised from “public use forever the <br />easements as created by this plat for drainage and utility purposes only.” to “public <br />use the drainage and utility easements as created by this plat.”. I require review of <br />this revision. <br /> <br />d. The fee owner’s certificate should be revised from “Signed: Frisbie Properties, <br />LLC, a Minnesota limited liability company” to “Signed: Frisbie Properties, LLC”. <br />I require review of this revision. <br /> <br />e. The fee owner’s acknowledgment should be revised from “on behalf of the <br />corporation” to either “on behalf of the company” or it may be omitted entirely. I <br />require review of this revision. <br /> <br />f. The fee owner’s acknowledgment section appears to not leave enough space for <br />both the Notary’s signature and printed name. The line for both the Notary’s