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PARK MAINTENANCE AGREEMENT <br /> .RI VERSTONE <br /> THIS PARK MAINTENANCE AGREEMENT ("Agreement") dated <br /> 2021, is entered into between the City of Ramsey, a Minnesota municipal corporation ("the <br /> City"), and Riverstone Homeowners' Association, a Minnesota nonprofit corporation (the <br /> "Association"). <br /> W I T N E S S E T H: <br /> A. The City is the owner of that certain real property legally described as Outlot C, <br /> Riverstone, Anoka County, Minnesota (the"Property"), commonly known as <br /> Pearson Park (the "Park"). The Park is a Nature-Based Recreation Facility <br /> dedicated for use and enjoyment by the general public. <br /> B. The Association is a nonprofit corporation created under Chapter 317A of the <br /> laws of the State of Minnesota, for the purpose of constituting and acting as the <br /> homeowners' association for the platted residential subdivision, Riverstone, <br /> Anoka County, Minnesota(the"Development"). <br /> C. As a condition to the approval of the Development, the City has required that the <br /> Association be responsible for certain maintenance over the Park (the "Park <br /> Maintenance"), and that the Association enter into a Maintenance Agreement, to <br /> be recorded against the Property, obligating the Association to be responsible for <br /> the Park Maintenance. <br /> D. Pursuant to the Declaration of Covenants, Conditions and Restrictions for <br /> Riverstone, filed with the Anoka County Recorder as document number <br /> 2176959.005, in compliance with the requirements of the City, Section 9.2.a <br /> directs that the Association shall be responsible for the Park Maintenance. <br /> NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein <br /> contained and for other good and valuable consideration,the receipt and sufficiency of which are <br /> hereby acknowledged, the parties hereto agree as follows: <br /> 1 <br />