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Agenda - Council Work Session - 03/29/2011
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Agenda - Council Work Session - 03/29/2011
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3/18/2025 1:59:54 PM
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3/24/2011 11:13:20 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
03/29/2011
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CROSS EASEMENT AGREEMENT <br />(Ramsey, Minnesota) <br />RECITALS <br />HCLD: RCC: 05/21/2004 <br />THIS AGREEMENT, effective as of May , 2004 (the "Effective Date "), by <br />Holiday Stationstores, Inc., a Minnesota corporation ( "Holiday) and Top Ten Center, <br />LLC, a Minnesota limited liability company ( "Top Ten "). <br />Holiday is the fee owner of certain real property located in Anoka County, <br />Minnesota, which real property is legally described on Exhibit A (the "Holiday Property "). <br />Top Ten is the fee owner of certain adjacent real property located in Anoka County, <br />Minnesota, which real property is legally described on Exhibit B (the "Top Ten Property "), <br />and on which is currently located an MGM liquor store. The Top Ten Property is currently <br />subject to a Lease Agreement between Top Ten and dated <br />, as amended by (the "MGM Lease "). <br />Holiday and Top Ten desire to grant and receive reciprocal easements for vehicular <br />and pedestrian ingress and egress purposes over and across certain portions of the <br />Holiday Property and the Top Ten Property (individually, a "Property" and, collectively, the <br />"Properties "), as more further described in this Agreement. <br />Now, therefore, in consideration of the foregoing and other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, the parties <br />agree as follows: <br />1. Grant of Driveway Easement to Top Ten. Holiday hereby grants to Top <br />Ten, as an easement appurtenant to the Top Ten Property, a nonexclusive easement for <br />vehicular and pedestrian ingress and egress purposes over and upon that portion of the <br />Holiday Property designated on Exhibit C as "Driveway Easement" (the "Top Ten Driveway <br />Easement "). <br />2. Grant of Driveway Easement to Holiday. Top Ten hereby grants to <br />Holiday, as an easement appurtenant to the Holiday Property, a nonexclusive easement for <br />vehicular and pedestrian ingress and egress purposes over and upon that portion of the <br />Top Ten Property designated on Exhibit C as "Driveway Easement" (the "Holiday Driveway <br />Easement "). <br />3. Use of the Driveway Easement. The Holiday Driveway Easement and the <br />Top Ten Driveway Easement are collectively referred to in this Agreement as the "Driveway <br />Easement. The Driveway Easement shall be used solely for vehicular and pedestrian <br />ingress and egress purposes; provided, however, that the owner of each Property <br />( "Owner") reserves the right to any subsurface use of the Driveway Easement located on <br />the Property owned by that Owner and the right to install and maintain any pipes, conduits, <br />EasementAgreement3 <br />1 <br />
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