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BRIGGS <br />March 3, 2011 <br />VIA EMAIL <br />Heidi Nelson <br />Assistant Administrator <br />City of Ramsey <br />Ramsey Municipal Center <br />7550 Sunwood Drive <br />Ramsey, MN 55303 <br />Dear Heidi: <br />3 632696v 1 <br />2200 IDS Center <br />80 South 8th Street <br />Minneapolis MN 55402 -2157 <br />tel 612.977.8400 <br />fax 612.977.8650 <br />Thomas L. Bray <br />(612) 977-8285 <br />tbray @briggs.com <br />Heidi, enclosed with this letter I am sending to you a number of documents that the City, <br />the EDA and/or the HRA must execute to clear title to the F &C property. Some of these <br />documents also clear title to the TOTI property. A brief description of each document is set forth <br />below. <br />Note that the documents referenced in paragraph 4 relate to the bond financing for <br />Ramsey Municipal Center, and by copy of this letter I ask that Mary Ippel contact you directly to <br />discuss any requirements related to the City's and the EDA's approval and execution of these <br />documents. <br />1. Release of Option. As you may recall, Ramsey Town Center LLC granted the <br />City of Ramsey an option to purchase a portion of the RTC property in connection <br />with the execution of the First Amendment to the Master Declaration Agreement <br />in February of 2005. That option still encumbers Outlot A, Ramsey Town Center <br />Fifth Addition and a portion of Outlot B, Ramsey Town Center Fifth Addition. <br />The City needs to release its Option. The City Council can approve the execution <br />of, execute and record this Agreement at any time. It must be recorded before the <br />recording of the Plat. <br />2. Use Restrictions Paragraph 8 of Exhibit B to the Warranty Deed dated February <br />22, 2005 from Ramsey Town Center LLC to the City of Ramsey. A Deed was <br />recorded as Document No. 482124.004 (Torrens) and 1973660.003 (Abstract) <br />imposes use restrictions on portions of the F & C Property. A copy of the Deed is <br />enclosed for your reference. I am also enclosing an instrument entitled Release of <br />Land from Restrictions that releases and terminates these Restrictions. The City <br />and the HRA need to approve and execute the release of land from restrictions in <br />order to terminate these restrictions of record. The City Council and the HRA can <br />Briggs and Morgan, Professional Association <br />Minneapolis I St. Paul I www.briggs.com <br />Member- Lex Mundi, a Global Association of Independent Law Firms <br />