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• <br /> LIMITED USE AGREEMENT <br /> THIS LIMITED USE AGREEMENT (the "Agreement")is made as of this day of <br /> 2011, by and between the City of Mounds View, a Minnesota <br /> municipal corporation (the "City"), and Mounds View Estates, a Minnesota limited partnership <br /> (the"Permitee"). <br /> RECITALS <br /> A. Groberg Street and Jackson Drive are improved rights-of-way dedicated to the <br /> City of Mounds View(the "Rights-of-Way"). <br /> . B. The Permitee is the fee owner of several real properties that contain apartment <br /> buildings known as the "Mounds View Estates." The properties are located at 2285 Groberg <br /> Street, 2275 Groberg Street, 2305 Groberg Street and 2300 County Road I and are legally <br /> described on the attached Exhibit A (the"Parcels"). <br /> C. In January of 1983, the Permitee requested and the City agreed to permit the <br /> residents of the apartment buildings on the Parcels and their invitees to use certain areas within <br /> the Groberg Street and Jackson Drive Rights-of-Way for the parking of vehicles due to there <br /> being insufficient parking on the Parcels. One of these areas is located on the west side of <br /> Jackson Drive between County Road I and the access to the Permitee's parking lot ("Jackson <br /> Parking Area") and the other area is directly in front of the 2285 and 2275 Groberg Parcels on <br /> the north side of Groberg Street ("Groberg Parking Area") (collectively, the "Parking Areas"). <br /> The Parking Areas are depicted on the attached Exhibit B. <br /> D. The City is reconstructing the Rights-of-Way as part of a public improvement <br /> project (the "Project"). As part of the Project, the Permitee has requested that the City design <br /> and construct the Project in such a manner that vehicles are still able to be parked in the Parking <br /> Areas. The Permitee has also agreed to pay the City for the costs related to incorporating and <br /> improving the Parking Areas. <br /> E. The City has agreed to continue to permit residents of the apartment buildings <br /> on the Parcels and their invitees to use the Parking Areas. The City has also agreed to design <br /> and construct the Project in such a manner that vehicles are still able to be parked in the Parking <br /> Areas,provided that the Permitee enters into this Agreement with the City. <br /> • <br /> 381190v4 MU210-179 <br /> 1 <br />