Agenda - Council - 07/11/2023 - Laserfiche WebLink

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RECIPROCAL INGRESS/EGRESS EASEMENT AGREEMENT THIS RECIPROCAL INGRESS/EGRESS EASEMENT AGREEMENT (Agreement) is made and entered as of July 11, 2023 (the Effective Date), by and between CorTrust Bank, N.A., a South Dakota corporation, (Parcel A Owner) and The City of Ramsey, a Minnesota municipal corporation and charter city operating under the laws of the State of Minnesota (Parcel B Owner). Parcel A Owner and Parcel B Owner may, sometimes hereinafter, be referred to individually as an Owner or, collectively, the Owners. WITNESSETH: WHEREAS, Parcel A Owner is the fee simple owner of certain undeveloped real estate legally described on Exhibit A attached hereto (Parcel A); and WHEREAS, Parcel B Owner is the fee simple owner of certain undeveloped real estate legally described on Exhibit B. attached hereto (Parcel B). Parcel A and Parcel B may hereafter individually be referred to as a Parcel or collectively as the Parcels; and WHEREAS, there exists on the Parcels a drive lane ("drive lane") that extends from the public right-of- way known Zeolite Street NW near the northern boundary line between Parcel A and Parcel B, which drive lane serves both Parcels, and the Owners wish to provide for the shared use of such drive lane; and NOW THEREFORE, in consideration of the premises set forth above, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 1. Recitals. The above recitals shall constitute an integral part of this Agreement. 2. Drive Lane Easement Area. The Drive Lane Easement Area shall be defined as the area that is legally described and depicted on Exhibit C attached hereto. 3. Access Easement. A. Parcel A Drive Lane Easement. Parcel A Owner hereby declares, grants, conveys and quit claims to Parcel B Owner; and its successors, heirs and assigns, tenants, employees, agents, and other invitees, for the benefit of Parcel B, a nonexclusive, perpetual ingress and egress easement on, over and across the portion of the Drive Lane Easement Area located on Parcel A, for the purpose of providing vehicular ingress and egress to and from Parcel B and Zeolite Street NW. B. Parcel B Drive Lane Easement. Parcel B Owner hereby declares, grants, conveys and quit claims to Parcel A Owner, and its successors, heirs and assigns, tenants, employees, agents, and other invitees, for the benefit of Parcel A, a nonexclusive, perpetual ingress and egress easement on, over and across the portion of the Drive Lane Basement Area located on Parcel B, for the purpose of providing vehicular ingress and egress to and from Parcel A and Sunwood Drive NW as further discussed in Paragraph 16 below. (collectively, the Access Easement) 4. Continuous Access. The Owners shall not do or permit anything on or to the Drive Lane Easement Area which may materially impede, limit or restrict the other Owner's use thereof other than temporary periods for repair or construction purposes, All maintenance and repair work done on