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Agenda - Council Work Session - 01/11/2016
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Agenda - Council Work Session - 01/11/2016
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3/17/2025 3:46:30 PM
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1/8/2016 9:13:54 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
01/11/2016
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Apollo Burgers <br />Bison Jack's <br />Burger King <br />Checkers <br />Culver's <br />Fatburger <br />Fuddruckers <br />Iceberg Drive Inn <br />Jake's Wayback Burgers <br />Rally's <br />Smashburger <br />Wendy's <br />Bojangles' <br />El Polio Loco <br />Polio Tropical <br />Astro Burgers <br />Bobby's Burger Palace <br />Burger Street <br />Cheeburger Cheeburger <br />DQ Grill & Chill <br />Five Guys <br />Hardee's <br />ln-N-Out Burger <br />Johnny Rockets <br />Roy Rogers <br />Sonic <br />Whataburger <br />Brown's Chicken <br />KFC <br />Popeyes <br />Back Yard Burgers <br />Burger 21 <br />Carl's Jr. <br />Crown Burgers <br />Elevation Burger <br />Five Napkin Burger <br />Hires Big H <br />Jack in the Box <br />Krystal <br />Shake Shack <br />Steak 'n Shake <br />White Castle <br />Chick-fil-A <br />Polio Campero <br />Raising Cane's <br />As of the date of this Restrictive Covenant, Grantor is under contract to sell Lot 3 to <br />M&W Holding Company, LLC, a Minnesota limited liability company (the "Next Lot 3 Owner"). <br />This restriction will become effective and will run with Lot 3 upon the first of the following: (a) <br />alienation in the form of transfer of title of Lot 3 to any owner who receives fee title to Lot 3 from <br />the Next Lot 3 Owner, or (b) alienation in the form of the subleasing or assignment of any <br />leasehold interest held by the lessee of Lot 3 under any lease agreement between the Next Lot <br />3 Owner and such lessee, as the term of such lease may be extended. Notwithstanding the <br />foregoing, if Grantor sells Lot 3 to anyone other than the Next Lot 3 Owner, its member, Jeffrey <br />Wise, or any subsidiary or affiliate of M&W Holding Company, LLC, in which the majority <br />interest is held by Jeffrey Wise or M&W Holdings, LLC, or if the Next Lot 3 Owner, its member, <br />Jeffrey Wise, or any subsidiary or affiliate of M&W Holding Company, LLC in which the majority <br />interest is held by Jeffrey Wise or M&W Holdings, LLC, does not close on its purchase of Lot 3 <br />prior to January 31, 2014, the foregoing paragraph will not apply and the restriction will be <br />enforced as above. This restriction will inure to the benefit of Grantee and be binding upon <br />Grantor and Grantor's successors and assigns. <br />Grantor has executed this Restrictive Covenant, this day of , 2012. <br />GRANTOR: GRANTEE: <br />Housing and Redevelopment Authority in McDONALD'S USA, LLC, <br />and for the City of Ramsey, Minnesota, a Delaware limited liability company <br />a public body corporate and politic under the <br />laws of the State of Minnesota <br />By <br />By <br />Printed Name: Printed Name: <br />Its Its <br />EXHIBIT C-1 <br />
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