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DECLARATION OF RESTRICTION ON LAND <br />Richard D. Hesse and Rosalie M. Hesse (hereinafter referred to as "Owners'), being the fee <br />owners of the premises described as: <br />do here declare and impose the following protective restrictions upon said premises, which are <br />for the benefit of the City of Lake Elmo. <br />In consideration of the City of Lake Elmo's approval of the subdivision of the combined <br />property described as Parcels B -I and B-2 above from other property owned by Owners in the City of <br />Lake Elmo, Owners hereby impose a restriction on the above described property as follows: Parcel B- I <br />shall not be sold, transferred or conveyed by Owners, their heirs, assigns or successors in title except <br />together with a simultaneous sale, transfer or conveyance of Parcel B-2 to the same buyer or transferee <br />except with the approval of the City of Lake Elmo. <br />Parcel B-2 shall not be sold, transferred or conveyed by Owners, their heirs, assigns or <br />successors in title except together with a simultaneous sale, transfer or conveyance of Parcel B- I to the <br />same buyer or transferee except with the approval of the City of Lake Elmo. <br />