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PL PACKET 09182001
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PL PACKET 09182001
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Last modified
12/30/2015 7:39:20 PM
Creation date
12/30/2015 7:39:09 PM
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SP Box #
27
SP Folder Name
PL PACKETS 2000-2004
SP Name
PL PACKET 09182001
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8-31-2001 3-S1PM FROM MAC#WIRTH COMPANIES 6123392538 P. 5 <br /> ps "q1 utj:7.9 a -t so MNLb A 1 FILL 110 Q_UY PAGE 04 <br /> .. i <br /> Buyer has reviewed and approved any sublessee's financial condition, which <br /> approval shall not be unreasonably withhold or delayed. In any event, Sellers <br /> obligations to Buyer under the initial lease or any sublease shall not exceed <br /> twelve (12) months from the Closing Date, but shall.thewupon expire. W_A_ 4-e_e,J--4 <br /> Sells-- ca "arrb 4o-,CoWe i -Su N" "X-c • „ (PO l Bvar 6 16-It kilo,% S.Lka, <br /> 7. The following is added as paragraph 23 of the Agreerrient: � K� —*,J &r,L4,�4....I a•- <br /> rGt►art,V.��e..JeMS! O*-, <br /> Parking Let <br /> 23.� Par Upon ClossIng. Buyer shall grant a non-exclusive-a— fxe4- <br /> easement to Seiler for Lot 1, Block 1 Beutz Addition. Except for the Northerly 74 <br /> Feet Thereof, 'Apdche Addition, St. Anthony thereinafter 06outh Parking Lot'), <br /> during which tirne the Buyer shell fully maintain snd Insure the South Furling Lot_ P <br /> Ueon Closing. Buyer shall appoint Seller as its exclusive agent to obtain <br /> approval from the City of St Anthony, Minnesota for a permanent split in the <br /> parcel described as Lot 1, Block 1, Route Addition. Apache Addition, St. Anthony, <br /> so that there-are two resulting parcels: The South Parking Lot and.the Northerly <br /> 7d feet of Lot 1I Stock 1, Beutr Addition, St. Anthony (hereinafter `North Parking <br /> Lot*). Buyer agrees that it shall In no way oppose or challenge the said parcel <br /> split and shall reasonably assist Seiler in obtaining such parcel split. Seller <br /> agrees that It shall pay all costa associated with the said parcel split. -Seller shall <br /> have two (2) years from the Closing Date to obtain approval for the parcel split <br /> from the City of St Anthony. It the City of St. Anthony, Minnesota approves the <br /> said parcel split within said two (2) year period, then within thirty (30) days <br /> thereafter, Buyer shall convey to Seiler by Warranty Deed the South Parking Lot <br /> • free of any encumbrances. .11 tho <br /> -�aseR3efe In either case, upon the safe of the South <br /> Parking Lotto Seller or developMent of the lot legally described as Lot 2, Block 2. <br /> Apache Addition (the "Adjacent Lot'), Seller shall install curb cuts and re-stripe, <br /> to the extent necessitated, the North Parking Lot and shall fully Insure and <br /> maintain the South Parking Lot. Seller agrees that ft Will not develop the South <br /> Parkjn� Lot or the Adjacent Lo for (nedical usage. Upon the conveyance or <br /> granting of the extlusive easement of the South�rking Lot to Seller, the non- <br /> excluelvel'easement shall thereupon expire, Fu_ q eer s Agreement is subject to <br /> the creation of it e etual maintenance agreement and covenant precluding_ <br /> avelo e t of the Sou a g o or scent of for medical uses- ® orr1, <br /> seasonable aicceptab e o o pa s. <br /> a. The following is added as paragraph 24 of the AgreeMent: <br /> 24. Lgase to Currant Tonants - Seller agrees that it shall refrain from <br /> leasing any Apace in any of its buildings to Symphony Rehab Dynamics, <br /> Symphony Restorative Therapy Limited or Eyecare Associates, P.A. for a period <br /> of four (4)years from the Closing Date; or Midwest Health Care <br /> Management, Oral and Maxillofacial Surgery Speciallats, PA. or <br /> Dr. Patrick Ennen for a period of two (2) years from the Closing Date, unless <br /> Buyer cannot accommodate the needs of said tenants at the Property. Which <br /> condition must be evidenced by written notice from the affected Tenant to the <br /> • Buyer. <br /> 2 <br />
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