Loading...
ZOA 76-04CITY OF F RIDLEY 6431 UNIVERSITY AVENUE N.E., FRIDLEY, MINNESOTA 55432 TELEPHONE ( 612)571-3450 CITY COUNCIL February 3, 1982 ACTION TAKEN NOTICE Mr..& Mrs. Gordon J. Aspenson 17 Rice Creek Way N.E, Fridley, Mn 55432 Dear Mr. & Mrs. Aspenson, On February 1, 1982 , the Fridley City Council officially approved your request for Condo conversion of Condo Plat 8 and Condo plat 9 with the stipulations listed below: 1. Stipulations as per letter dated January 28, 1982 from Steven 019on. 2. Please consider this letter as your Condo Conversion license and retain: 3. Council has directed that half of the condo conversion license fee be returned, due to the timing of this application and the City Rdindnce. If you have any questions regarding the above action, please call the Community Development Office at 571-3450. JLBjde Si4Kerel.yl f�-- ty Pl ��iw a-aJ �. �. anner Please review the noted stipulations, sign the statement below, and return one copy to the City of Fridley. Concur with action taken. COUNCIL MEETING OF FEBRUARY 1, 1982 PAGE 10 6 RECONSIDERATION OF VARIANCE REQUEST TO ALLOW A SECOND PYLON SIGN FOR ONE YEAR 7441 EAST RIVER ROAD D S KORNER PIZZA. WEARNE R. CLA TON GENIED BY COUNCIL ON 1/4/82): Councilman Fitzpatrick stated, in view of the fact that there are going to be changes at this intersection that might affect any new signing, and the fact the original recommendation from the Appeals Commission was for approval, the following action was taken: MOTION by Councilman Ftizpatrick to grant the variance request to allow a second pylon sign for one year for Red's Korner Pizza at 7441 East River Road, as requested by Werne R. Clayton. Seconded by Councilman Barnette. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. 7 ORDINANCE NO. 744 AMENDING CHAPTER 11, SECTION 11.10 OF THE FRIDLEY CITY CODE RELATING TO FEES ( CONVERSION CONDOMINIUMS): MOTION by Councilman Schneider to waive the second reading of Ordinance No. 744 and adopt it on the second reading and order publication. Seconded by Councilman Fitzpatrick. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. NEW BUSI CONSIDERATION OF TWO CONDOMINIUM CONVERSION PERMITS - GORDON ASPENSON, 17 RICE CREEK WAY: Mr. Flora, Public Works Director, stated the City received two requests for condominium conversions and the applicants were informed that they were required to pay a license fee for condominium conversion. He stated the application for these conversions was made to the County on December 16, 1981 and the City received notification on January 19, 1982. He stated the amount they were requested to pay was $750 for converting these rentals to condominiums. Councilman Hamernik pointed out much of the work for these conversions was done prior to the Council addressing the fee schedule and establish- ing an ordinance for licensing. Mr. Aspenson, 17 Rice Creek Way, the owner and applicant, thanked the Council for putting this item on the agenda. He stated when they decided to convert their units to condominiums, his wife discussed this„. -atter in June with the City staff. He stated she was told there was nothing in the City ordinances that would prohibit them from doing this so they contacted the engineers and contractors and went through with the conversions. Mr. Aspenson stated they are now recorded at the County and he didn't do the conversions with the intent of bypassing the City and was ignorant of the fact the City had any ordinance covering condominium conversions. Councilman Hamernik stated, on the basis of the comments made and discussions with staff, it seems the majority of the work was done before the City had the ordinance, therefore, he moved the following: MOTION by Councilman Hamernik to grant the 11censes._f_or__tAe_tw,o— condominium conversions by Mr. Aspenson ai b500, 6510, 65202nd Street_ N.E. and 6489, 6491, 6493, 6495 Riverview %grace and-reduces--=bhe fee by 50% because of certain extenuating circumstances. Seconded Ly Councilman Fitzpatrick. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. 29• COUNCIL MEETING OF FEBRUARY 1, 1982 PAGE 9 ENVIRONMENTAL QUALITY COMMISSION: Councilman Schneider nominated Richard Svanda for reappointment to the Environmental Quality Commission. Seconded by Councilman Barnette. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. Councilman Fitzpatrick nominated Maynard Nielson for reappointment to the Environmental Quality Commission. MOTION by Councilman Fitzpatrick to close the nominations and cast a white ballot for the reappointment of Maynard Nielson to the Environmen- tal Quality Commission. Seconded by Councilman Schneider. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. HUMAN RESOURCES COMMISSION: Councilman Fitzpatrick nominated Peter Treuenfels for reappointment to the Human Resources Commission. MOTION by Councilman Barnette to close the nominations and cast a white ballot for the reappointment of Peter Treuenfels to the Human Resources Commission. Seconded by Councilman Fitzpatrick. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. ENERGY COMMISSION: MOTION by Councilman Barnette to table the appointments to the Energy Commission. Seconded by Councilman Schneider. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. CABLE TELEVISION COMMISSION: Councilman Schneider nominated Barb Hughes, 548 Rice Creek Terrace, for appointment to the Cable Television Commission. MOTION by Councilman Schneider to close the nominations and cast a white ballot for the appointment of Barb Hughes to the Cable Television Commis- sion. Seconded by Councilman Barnette. Upon a vice vote, all voting aye, Mayor Nee declared the motion carried unanimously. Councilman Schneider nominated Ed Y.aspszak for reappointment to the Cable Television Commission. MOTION by Councilman Schneider to close the nominations and cast a white ballot for the reappointment of Ed Kaspsak to the Cable Television Commis- sion. Seconded by Councilman Barnette. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. HOUSING AND REDEVELOPMENT AUTHORITY: Mayor Nee stated he was not prepared at this time to make the appointment. therefore, the matter was tabled. 5 CONSIDERATION OF RETURNING REPLAT OF INNSBRUCK NORTH Inc LOt r%AN FroacnAl 1 v 1 RrA'rrn l.1/1DTIJ nr T LOA DCTI.ICr Councilman Schneider stated the Innsbruck Townhouse Association reviewed the replat with their attorney and found it would affect their titles. He stated the attorney for the Townhouse Association recommended a certification of correction could be filed, rather than a replat. He stated the City Attorney saw no problems with this, but it would have to go back to the Planning Commission. MOTION by Councilman Schneider to refer this replat back to the Planning Commission for their consideration of certificates of correction, rather than a replat. Seconded by Councilman Fitzpatrick. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. M / " 11 :ri 11: I I ;rti • Y 111 .7.1 NIB;N M, M i 1111; UYYIVP+Lj/UUN1 aux 1'UM:tlASPil u CONSmCTION DATE: ADDIT1ONS: CERTIFICATE OF OCCUPANCY ISSUED: YES NO DATE A. ZONING ACTION: ORDINANCE NO: B. SPECS& PERMIT (S): # C. LOT SPLIT (S) D. VACATIONS) : # ORDINANCE NO: E. VARIANCES APPEALS COMMISSION: APPROVED DISAPPROVED DATE NO. CITY COUNCIL: APPROVED DISAPPROVED DATE NO. F. EASEMENT'S: REQID DEPT REDID Bikeway/walkway Street right-of-way Utility Drainage Alley Other (Specify) G. LICENSE S) (List): Date of Renewal: H. STIPULATIONS (List): DATE REQUIRED DATE COMPLETED 180 -PUBLIC HEARING MEETING OF NOVEMBER 8, 1976 ,.b„_ F -PAGE ..3 ; Mr. Qureshi, City Manager, stated that there were three choices: JI) It can remain 'a R-1, (2) Rezone to R-2, and (3) If rezoned R-3, there could be some kind ofcovenant filed against them to restrict them. Mr. Virgil Herrick, City Attorney, stated that the covenant would have to be filed by the owner --not the City. He further stated that there was one other possibility, - although somewhat untried, in that there is a kind of emerging series of cases in zoning that would permit contractual zoning wherein the developer of the City enters into a contract prior to rezoning a piece of property. This is, however, quite new and has not been tested. Mayor Nee asked if it would automatically refer to R-1. { Mr-. Herrick respongjpd that it could possibly be made part of the contract and if the development does not'take place as described in the contract, within a certain period 'of time, the rezoning would revert back to what it was previous to the request. Mr. Herrick suggested that a draft proposal could be drawn up which would incorporate what the developers are talking about and an agreement between the owner and the City. Councilwoman Kukowski stated that the matter was not going to be voted on by the Council at this time. Mayor Nee stated that this'would cane up again for discussion next Monday at which { time it would be the first reading of an ordinance, but they Would have an indication - at that time. Mayor Nee then commented that Councilman Starwalt wouldwantto have a draft of a contract at that time. Mr. Herrick stated that he would have one drawn up. I MOTION by Councilman Fitzpatrick to close the Public Hearing on the rezoning request. Seconded by Councilman Hamernik. Upon a voice vote, all -voting aye, Mayor Nee r declared the motion carried unanimously and the Public Hearing closed at 8:31 p.m. FSOTION.by Councilman. Fitzpatrick. to close the Public Hearing on,the.consideration of the final plat. Seconded by Councilman Starwalt. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously and the Public Hearing closed at 8:31 p.m. ' PUBLIC HEARING ON REZONING REQUEST, ZONING ORDINANCE AMENDMENT ZOA #76-04, GORDON P N ON TO REZONE FROM R-1 T R-3; 6500 ZND STREET N.E.: t MOTION by Councilman Hamernik to waive the reading of the Public Hearing notice and s open the Public Hearing. Seconded by Councilman Fitzpatrick. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously and the Public Hearing_ opened at 8:32 p.m. Mr. Dick Sobiech, Public Works Director, then proceeded to state that this is a request for rezoning from R-1 to R-3. The Planning Commission did have a public gearing on September 8, 1976, and did. recommend to Councilapproval of the request. Mr. Sobiech asked if Mr. Gordon Aspenson was present, and he was. Mr. Sobiech further stated that the rezoning would be to I 'allow for the construction of townhouse style triplex, which he and his staff believe would fit quite well and are extremely attractive buildings. Mr. Sobiech then referred to the west side of town, Riverview Terrace and Mississippi Street, where there is one in existence. There were no .objections noted at the P.lannina Commission meeting after the plans were reviewed by the adjacent property owners. Mayor Nee then proceeded to ask the Councilmembers if they had any questions, and there were none. He then asked the audience if there were any questions -or comments,. and there was no response. MOTION by Councilman Hamernik to close the Public Hearing. Seconded by Councilwoman Kukowski. Upon a voice vote, al.l voting aye, Mayor Nee declared the motion carried unanimously and the Public Hearing closed at 8:36 p.m. e l'MIC HEARING MEETING OF NOVEMBER 89 1976 ON IMPROVEMENT: STREET 9-1976 PAGE 4 77-2 181 MOTION by Councilwoman Kukowski to waive the readino of the Public Hearing notice and open the Public Hearing. Seconded by Councilman Fitzpatrick.' Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously and the Public Hearing opened at 8:37 p.m. Pira Sobiech, Public Works -Director,- discussed the project stating that street improve- ment projects are proposed in one of two ways: they are either included as part.of a .designated street improvement program or'they have been requested for improvement by adjacent property owners. He further stated that the majority of the people who are present at the meeting this evening are in the initial group where their streets were initially programed into the.terr year street improvement program. At this point in time, it is however, proposed that they continue on with the improvement Program - 14r. Sobiech noted that it should be -pointed out that the initial program was started in 1969, in which the City of Fridley had roughly 75 to 80 miles of streets and approximately a third, or 25 miles, were substandard. At this point in time, they have averaged approximately two and three miles per year to improve the substandard design --eliminating the swaleback section or improving the dirt section. .He further stated that 1977 will be the ninth year, and they have approximately four to five miles of street remaining and about two. miles scheduled for 1977. The basic standard that the staff has been followirm since 1969 is a 36' wide street that has concrete curb and gutter and has bituminous mat. He then referred to a map stating that those noted in red have been improved.Some of the earlier streets were installed with the bituminous type of curbing and it was determined that that type of curbing construction has a high maintenance and results in very high mainte- nance costs. The concrete curbing, however, is more effective and can put up with the abuse that the modern City maintenance equipment has to put up•with in maintaining the street i.e., snow plowing and street sweeping. Mr. Sobiech stated that the majority of the City is done to what they consider a standard design. There is, however, a portion remaining to the south center of the City and a few sporadic streets that have been eliminated at certain time periods throughout the ten year improvement program. The initial ten year improvement program was set up so that certain streets were programmed for certain years. During the ten year process, there have been requests wherein certain residents have wanted their streets improved a little sooner and therefore, the City would then compensate for that and try to improve them as the people wanted them. The majority, however, dere put in according to the program and they are approximately 90 to 95% done with ,,the program - Mr. Sobiech continued that with the standard design section-, they first try to improve the drainage situation. On several of the streets that are proposed for improvement, there is Standing water and this hopefully will be taken care of with the elimination of the winaback design. As noted, Mr. Sobiech stated that the majority of the streets proposed have numerous patchings on them in an attempt to maintain thein the best way possible until they got to the point of the proposed improvement for the specific area. Together with trying to eliminate any drainage problems in the area by the installation of the concrete curb and the moreuniform cross section to correct thewater to the curbing and then out to the existino storm sewer structures; they do install various catch basins, and upgrade the various castings in order to ensure that the drainage is taken care of. Mr. Sobiech further stated that another important item to note is that the improvement will result in a reduction of maintenance costs by eliminating the substandard design section. He also commented that the aesthetics.of the neighborhoods have improved substantially and by proceeding with what has been a very successful program, the quality of life can be maintained with the residents that do exist in Fridley. 196 I I i THE MINUTES OF THE REGULAR MEETING OF THE FRIDLEY CITY.COUNCI-L OF NOVEMBER 15, 1976 I The Regular P1eetina of the Fridley Cityv Council of November 15, 1976 was called to order at 7:35 p.m. by Playor Nee. PLEDGE OF ALLEGIANCE: Mayor Nee led the Council and the audience in sayinn the Pledge of Alleniance to the Flag. ROLL CALL: MEMBERS PRESENT: Mayor Nee, Councilman Hamernik, Councilwoman Kukowski, Councilman Starwalt and Councilman Fitzpatrick. MEMBERS ABSENT: None APPROVAL OF MINUTES: PUBLIC HEARING MEETING OF OCTOBER. 18, 1976: i MOTION by Councilman Hamernik to approve the minutes of the Public Hearing Meeting of the Fridley City Council of October 18, 1976, as submitted. Seconded by Council- woman !<ukowski. Unon a voice vote, all votinn aye, Mayor Nee declared the motion carried unanimously. REGULAR HEETING OF OCTOBER 25, 10-76: HOTIOH by Councilman Starwalt to annrove the minutes of the Renular Meeting of the Fridley City Council of October ?5, 1976, as submitted. Seconded by Councilman Hamernik. Upon a voice vote, all votinn aye, Mayor Nee declared the motion carried unanimously. REGULAR HEFTING OF NOVEMBER 1, 1976: NOTION by Councilwoman Kukowski to aporove the minutes of the Renular Meeting of the Fridley City Council of November 1, 1976, as submitted. Seconded by Councilman-Hamernik. Upon a voice vote, all votinn aye, Mayor Nee declared the motion carried unanimously. ADOPTION OF AGENDA: Mayor Nee advised that there would be an item added to the anenda followinn Item #8. This will be "Consideration of a Resolution Authori7inn Execution of Anreement No. 58415 which provides for the Installation of Railroad Grade Crossinn Sinnals at 77th Way N.E." MOTION by Councilwoman Ku!,owski to adopt the anenda as amended. Seconded by Councilman Starwalt. Upon a voice vote, all votinn aye, Mayor Nee declared the motion carried unanimously. OPEN FORUM, VISITORS: Councilman Fitznatrick commented briefly that there was a matter for discussion regarding fencing between Altura Park and Mr. Robert Bishop's nronerty at V-17 Altura Road. He said that there has been material nreviously in the anenda renardina this topic. Mr. Bob Bishop was present to state his case and answer any ouestions. Councilman Fitzpatrick also stated that there is a letter sinned by the former Director of Paris whereby he nave Mr. Bishop an option on the tyne of "encinn that included a redwood fence, and Ptr. Bishop would like to have the fence nut in. Mr. Bob Bishop, 5417 Altura Road, stated that he has a nroblem with the picket fence that is un at the present time in that the snow in t' -e arintertime presents a problem because there is no border and the 3' to 4' of snow noes into the driveway. Also, the accumulation of garbage that blows throunh t"re nark, prom the kids nlayinn there, and the unnecessary weeds is a problem. He futher mentioned that he had spoken to 197. REGULAR COUNCIL MEETING OF NOVEMBER 15, 1976 PAGE 2 Mr. Paul Brown on several occasions regarding a fence being put in and a lot of promises were made, but no fence. Mr. Bishop stated that he was willing to split half the cost with the City and would like to have a fence put up from the fence that he has in the backyard towards the street, and he was hoping the City Council would approve such a I fence in order to preserve the beauty of the park. Councilman Fitzpatrick stated that he would be in favor of erecting a fence and nay half the cost and as far as maintenance noes, Mr. Bishon has agreed to assume the maintenance. He further pointed out that the only objection of the Park Department wi.th this request is that they do not want to maintain a redwood fence. Councilman Fitzpatrick also stated that one of his chief reasons for sunnortinn the reouest was that Mr. Bishop has been in possession of a letter for quite 'sometime believing that he has had the option for the past two or three years. Councilman Fitzpatrick, therefore, believed the Council would be justified in granting the request for the aforementioned reasons. r Councilman Starwalt stated that although he realizes this is a problem, it is a matter ! of going beyond what the City has done for different homeowners under similar circumstances and the City's policy has been to stick with the chain link fence. The chain link fence being more durable and earier to maintain., he believed this to be a pretty good compromise. Councilman Fitzpatrick's recollection was that bids were taken on three optional fences so there certainly was something in the works, however he was not sure why it was held up for so long. Mayor Nee asked if there would be a problem with the fence being built on Mr. Bishop's property and Mr. Virgil Herrick, City Attorney, responded that he did not think so as long as the Council makes a finding that the fence is being built for the benefit of the Park. Councilman Hamernik asked Mr. Bishop to clarify what he meant by maintaining the fence. Mr. Bishop responded that if a wood slat came out, there would be no problem in putting another slat in. Councilman Starwalt questi.oned...the action(s), if any, by the Park Board regarding the matter and Mr. Nasim Qureshi, City Manager, stated that the Park Board was against it Councilman Starwalt then stated that they apparently never reacted to the letter nor the securing of bids. Councilman Fitzpatrick stated that it was his impression that they forwarded it to the Council for some action. Councilman Hamernik raised the question of should Mr. Bishop sell his home, what position does that leave the City in. Mr. Bishop responded that he suspects his home is worth anywhere from $45,000 to $53,00, and one would assume that anyone who could qualify fur a loan to buy his horne would have some pride in maintaining such a home. Mr. Herrick stated that he believed it would be looked at as just another private appurtenance with a ne-w home. However, YOU wOuld have to rely on the new owners to maintain it irithin a reasonable fashion. MOTION; by Councilman Fitzpatrick to approve the requP t and erect the fence and the City pay half the cost for such fence. Seconded by Councilwoman Kukotijski. Upon a roil call vote, Mayor Nee voting aye, Councilwoman KUkowski voting aye, Councilman Fitzpatrick voting aye, Councilman Hamernik voting aye and Councilman Starwalt voting nay, Mayor Nee declared the motion carried four ayes and one nay. Mr. Qureshi stated that some kind of document would be drawn up and signed with Mr. Bishop regarding this. �• NEW BUSINESS: CONSIDERATION OF FIRST READING OF AN ORDINANCE ON RE70NINR REQUEST, 70r1ING-ORDIr1ANCE { „ ) AMENDMENT ZOA x`76-04, COR90W.,ISPENSON,'TO RE7.ONE FROM R-1 TO R-3; 6500 22ND STREET N .E.: l MOTION by Councilman Hamernik to waive the reading and adopt the ordinance on the first reading. Seconded by Councilwoman Kukowski. Upon a voice vote, all voting aye, Mayor ,S Nee declared the motion carried unanimously. l DISCLOSURE STATEMENT FOR CONDOMINIUM N0. 6500, 6510, 6520 2nd Street N.E. Condominium DESCRIPTION OF PROJECT: Gordon J. Aspenson and Betty J. Aspenson, 17 Rice Creek Way, Fridley, Minnesota (the "Sellers') have a building located at: 6500, 6510, 6520 2nd Street N.E. Fridley, Minnesota (the "Building") and intend to subject the property to a plan of condominium ownership (the "Project"). The Building contains 3 units (the "Units") and common elements. No additional Units wil be included in the Project. The Units will be restricted to residential, use and will include: The common elements will include such facilities and amenities as green areas and roadways. The Sellers: (check one) intend to commence work on the Project by represents that all intended work is completed. All of the Units in the Project will be offered for sale to the public. The Sellers will have the right to sell Units to investors or to rent Units pending sale. STATUTORY REQUIREMENTS: The Minnesota Uniform Condominium Act (the "Act") requires that the Sellers provide each buyer of a Unit before closing with the information and documents'contained in this Statement. Within:15 days after receipt of this Statement and before closing, a buyer may cancel any purchase agreement entered into with the Sellers. If the buyer receives this Statement more than 15 days before a purchase agreement is signed, the buyer has no rights to cancel its purchase agreement with the Sellers. If the Sellers fail to give the buyer this Statement before closing, the buyer may recover from the Sellers up to five percent of the sales price of the Unit being purchased. A buyer may waive all cancellation rights if closing takes place within 15 days after the date when, a purchase agreement is signed. _ ` In addition to the information contained in the first section of this Statement, the information and documentation required by the Act includes the..following matters: -2- 1. Purchase agreement. The purchase agreement de.cribes any liens, defects or encumbrances on or affecting the title to the Unit being purchased; sets forth any warranties being provided by',Sellers; and contains a statement that any -earnest money paid in connection with the purchase of the Unit wiil-be held in escrow unfil"closing and will be returned to the buyer if the purchase agreement is cancelled. See exhibit 1. 2. Declaration; floor plan for Unit being purchased; bylaws; articles of incorporation for owners' association (the "Association"); any rules and regulations; and any contracts or leases to which the Unit owners or the Association will be a party. See exhibit 2. 3. Current balance sheet, projected initial budget, and other financial information for the Association as prepared by Sellers. See exhibit 3. Such information is to include reserves for repairs, replace- ments, and other matters; projected assessments by categories of expenditures and by type of Unit; other supplies and services to be provided by Sellers and assessed against any Units; a description of any initial or special fees due from the buyer and payable to Sellers or the Association at closing; and any current or expected fees or charges to be paid by Unit owners for use of the common elements and other facilities relating to the Project. 4. Opinion of architect or engineer describing the present condition of all structural, mechanical, and electrical components of the Project; listing any uncured violations of local building regulations; and estimating the cost of curing any such violations. See exhibit 4. The Sellers make no representations as to the expected useful life of any of the components described in the opinion of the architect or engineer. 5. A description of any financing offered by Sellers and a description of the financial arrangements made by Sellers to complete any additional improvements to the Project. 6. A description of the insurance coverage to be provided by -the Association. The insurance coverage which the Association will provide is described in the applicable section of the Declaration which is attached to this Statement as part of exhibit 2. _ 7. A statement as to the status of any pending suits material to the Project or to which the Association is a party. -3- There is no litigation pending or threatened with respect to either the Project or the Association. } The law requires all material changes to any of the information _ or -documents contained in this Statement to _e__ given to buyers before closing. Upon receiving this Statement, each buyer is to sign, date, and return the Receipt for Disclosure Statement which is attached to this Statement as Exhibit 5. RECEIPT FOR DISCLOSURE STATEMENT } The undersigned hereby acknowledges the receipt of. Disclosure Statement containing the following documents .and information relating to -.the 6500, 6510, 6520 2nd Street N.E. Condominium (the-PProject"): (1) Purchase Agreement; (2) Declaration, floor plan for the Unit, bylaws, articles of incorporation for owners' association, any rules and regulations, and any contracts or leases to which Buyer or the Association will be a party; (3) current balance sheet, projected initial budget, and other financial information for the Association as prepared by Sellers; (4) if the Project is a conversion condominium, an opinion of an architect or engineer describing the present condition of all structural, mechan- ical, and electrical components of the Project; listing any uncured violations of local building regualtions; and estimating the cost of curing any such violations; (5) a description of any financing offered by Sellers and a description of the financial arrangements made by Sellers to complete any additional improvements to the Project; (6) a description of the insurance coverage to be provided by the Association; (7) a statement as to the status of any pending suits material to the Project or to which the Association is a party; and (8) certain other information required by the Minnesota Uniform Condominium Act. Dated: , 19 Signature of Buyer. Signature of Buyer CONDOMINIUM PURCHASE AGREEMENT PURCHASE AGREEMENT entered into by and between the undersigned Seller and the undersigned Buyer. 1 . SALE OF UNIT. Seller, in consideration -oaf $ (tiiez"Earnest Money") paid by Buyer and received by Seller, hereby agrees to sell to Buyer, and Buyer agrees to purchase, Unit , together with the undivided interest in the Common Elements appurtenant thereto, in Condominium (the "Project") . The Earnest Money shall be held in escrow by until closing and shall be returned to Buyer without interest if this Agreement is cancelled by Buyer pursuant to Paragraph 4. The Unit shall include any improvements or items of personal property described on the attached Addendum, if any. 2. PURCHASE PRICE. The purchase (price for the Unit is $ which shall be payable at closing as follows: $ by crediting the Earnest Money against the purchase price; payable in cash; and $ payable in cash from the proceeds of a mortgage loan to be obtained by Buyer at its expense. Immediately after Seller's acceptance of this Agreement, Buyer shall make application for and use its best efforts to obtain such a mortgage loan. If 'a written commitment for such a mortgage loan reasonably satisfactory to Seller has not been received by Buyer and a copy thereof furnished to Seller within days after the date hereof, this Agreement shall be voidable at the option of either party, and, if so voided, the Earnest Money shall be promptly refunded to Buyer without interest. If such a mortgage loan commitment is obtained, Buyer will pay all of the lender's charges, discount or other points, and other closing costs related to such mortgage loan. 3. OJMPLETION OF PROJECT. Seller shall substantially complete the Project (including the Unit) in -a good and workmanlike manner according to the final plans and specifications therefor by the date of closing. The closing date shall be extended for a reasonable period of time in the event of any delay in completion caused by acts of God, riot or civil disorder, acts or omissions of Buyer, acts of governmental bodies, labor problems or disorders, unavailability of materials through ordinary business channels, fire, delay in transportation, casualties, or any other causes beyond Seller's reasonable control. No changes to the final plans and specifications for the Unit shall be accepted by Seller -unless Buyer signs a change order form and provides for payment yin a manner satisfactory to Seller of the increased cost of construction caused by such change order. Seller reserves the right to substitute materials of substantially equal quality to any specified in the final plans and specifications and .to make minor changes in the final plans and specifications to accomodate changes d required during construction. Seller or its agents shall supervise all construction work without interference on the part of Buyer. Construction of the Unit shall be conclusively -deemed to be completed in accordance with the final plans and specifications and change orders, if any, when Seller's architect so certifies in writing to Seller and when Buyer accepts tl a Unit following a final inspection. Buyer 'shall be exclusively deemed to have accepted the Unit (and the Project) in its then condition subject only to any items of completion specified in writing at the time of the final inspection and acknowledged by the Seller. Buyer acknowledges that portions of the Project (including the Unit) may not have been newly constructed and may have been previously occupied and that any warranties which may be available under Minnesota Statutes, Sections 327A.01 to 327A.07 offer protection only to those parts of the Project (including the Unit) which have been newly constructed by the Seller. Seller makes no other war-ranties with respect to the Unit or the Project. 4. CONDOMINIUM DOCUMENTS. The Minnesota Uniform Condominium Act (the "Act") requires that Seller give to Buyer the following documents and information and any material changes thereto which Seller may make prior to closing (the "Condominium Documents"): a. This Agreement; b. Declaration; floor plan for the Unit; bylaws; articles of incorporation for.owners' association (the "Association"); any rules and regulations; and any contracts or leases to which Buyer or the Association will be a party; - C. Current balance sheet, projected initial budget, and other financial information for the Association as prepared by Seller; d. If the Project is a conversion condominium, an opinion of an architect or engineer describing the present condition of all structural, mechanical, and electrical components of the Project; listing any uncured violations of local building regulations; and estimating the cost of curing any such violations; e. A description of any financing offered by Seller and a description of the financial arrangements made by Seller to complete any additional improvements to the Project; f. A description of the insurance coverage to be provided by the Association; g. A statement as to the status of any pending suits material to the Project or to which the Association is a :party; and h. Certain other information required by the Act. Within 15 days after receipt of the Condominium Documents and before closing, Buyer may cancel this Agreement. If Buyer has received the Condominium Documents more than 15 days before this Agreement is signed, Buyer shall have no right to cani&el this Agreement. If Seller fails to give Buyer the Condominium documents bdfore closing, Buyer may recover from Seller up to five' percent o€ the sales price of the Unit. Buyer may waive -all rights to receive the Condominium Documents if closing takes place within 15` days after the date of this Agreement. If Buyer does not return to Seller a signed receipt for the Condominium Documents and any material changes thereto at the time of receiving the same, this Agreement shall be voidable at the option of the Seller, and, if so voided, all Earnest Money shall be promptly refunded to Buyer without interest. 5. TITLE REQUIREMENTS. Seller shall furnish to Buyer within a reasonable time prior to closing either an abstract of title, a registered property abstract or, in place of all other evidence Of title, a commitment for an owner's poli-dy of title insurance committing to insure Buyer as the owner of the Unit at closing. Title to the Unit shall be subject only to (a) the Act and those of the Condominium Documents that are customarily recorded or registered; (b) the lien of real estate taxes (including installments of special assessments and interest thereon payable therewith, if any) payable in tis year of closing and thereafter; (c) any mortgage against the Unit given by Buyer; and (d) the permitted encumbrances described in the attached Addendum, if any. Buyer shall have .10 days after the receipt of said abstract Or commitment to examine title and to make written objections thereto. Any objections not so made shall be deemed to be waived. If any objections are so made, Seller shall be allowed 120 days after the date of written objection to title in which to make title marketable. All payments required hereunder shall be Postponed pending correction of title. If title is not made marketable within such time period, this Agreement shall be null and void at the option of either party, and, if so voided, neither party shall be liable for damages to the other and the Earnest Money shall be refunded to Buyer without interest. Should title be found marketable or made so within the 120 days following written objection thereto, and should Buyer default in its performance for a period of 10 days following written notice by Seller, Seller may elect to specifically enforce this Agreement, terminate this Agreement and retain the Earnest Money as liquidated damages, or resort to any other remedies permitted by law. 6. POSSESSION AND CLOSING. Closing, shall be held at a mutually convenient time and place within 45 days after completion of the Unit. At the closing Buyer shall pay Seller the balance of the purchase price and shall deposit -with the Association an amount equal to two months estimated annual assessments against the Unit; Seller shall deliver to Buyer appropriate title documents; all special assessments levied against the Unit as of the closing and all real estate taxes assessed against the Unit and payable in the year of closing shall be prorated between tie .parties to the closing date; if desired by Buyer, Buffer shall pay the .cost of obtaining an owner's policy of title insurance; physical possession of the Unit will be surrendered to Buyer; and;Buyer shall thereafter be liable for its pro rata share of the accrued expenses of the Project. In the event the Unit is damaged or substantially destroyed by fire or other casualty before closing, this Agreement shall be voidable at the option of either party and, if so voided, the Earnest Money will be promptly refunded to Buyer without interest. 7. ANNUAL ASSESSMENTS. Commencing as of closing, Buyer shall be liable for and, when levied, shall pay its pro rata share of the accrued expenses of the Project by way of either annual or special assessments. The Association shall have the right to use the amount deposited at closing by Buyer to pay for the operation, maintenance, repair and replacement of the Common Elements of the Project. The Association may elect to credit such amount against the first installments of annual assessments coming due, hold such amount in reserve or apply the same to any accrued expenses of the Project. 8. GENERAL PROVISIONS. The provisions of this Agreement shall constitute the entire understanding of the parties, shall survive the delivery of any title documents at the closing, and shall bind and inure to the benefit of the respective heirs, administrators, executors, hereto. This Agreement Addendum, if any. Buyer to this Agreement request revisions do not materially hereunder. SELLER: (Name) (Title) Signature (Date) successors and assigns of the parties includes the terms of the attached shall promptly execute any revisions ed in writing by Seller so long as such affect Buyer's rights or obligations BUYER: (Name) Title Signature Date ...... -14- CERTIFICATE I4- CERTIFICATE Robert B. Baker a registered professional architect for the State of Minnesota does hereby certify that all stric-rural components and mechanical systems serving more than one unit of all buildings containing or comprising any units hereby created are substantially completed consistent with the floor plans for 6500, 6510, 6520 2nd Street N.E. Condominium, Anoka County Records. Dated this 11th day of December 1981, ' STATE OF MINNESOTA) n�-�. L�d�C,� ) SS tee, ��97 COUNTY OF RAMSEY ) The foregoing instrument was acknowledged before me this 11th day of December , 1981, by Robert B. Baker a registered professional architect. Z/oc 11P 4e4 Notary Pu tic r CERTIFICATE a registered professional engineer for the State of Minnesota does hereby certify that units- 1-3, inclusive, of 6500, 6510, 6520 2nd Street N.E. Condominium No. Anoka County Records, are substantially completed. Dated this day of , 1981. NOTICE OF CONDOMINIUM CONVERSION TO': Please take notice that the undersigned intends to convert the building in which you reside located at to a plan of con ominium ownership. The condominium will be restricted to residential use. You are to vacate the premises you occupy by no later than ,- 19 You may be required to vacate the premises before such dater nonpayment of rent, waste, or conduct which disturbs other tenants' peaceful enjoyment of their apartments. If any of the tenants of the premises you occupy is 62 years of age or older, has a substantial physical, mental or emotional disability _ or dysfunction, or is a minor child, you may demand, in a writing delivered to the undersigned within 30 days after the date of delivery a mailing of this Notice, that you be permitted to vacate the premises on , 19 Attached to this Notice is a form of purchase agreement setting forth the terms of sale for the premises you occupy. You have until ., 19 to accept the terms contained in such purchase agreement. Un e� r the law, the undersigned cannot offer thir parfies more favorable terms for the sale of the premises until , 19 Please contact the undersigned if you wish further information. DECLARATION FOR CONDOMINIUM NUMBER 9 6500, 6510, 6520 2nd Street N.E. Condominium I. This Declaration is made by Gordon J. Aspenson and Betty J. Aspenson (".Declarants") pursuant to the Minnesota Uniform Condominium Act, (M.S.A. 515A.1-101 to 515A.4.-117) hereinafter called the "Act". II. The definitions contained in the Act sh211 apply to this Declaration. The legal description of the property included in the Condo- minium is described as follows, to -wit: Lots 10 & 11, Block 4, Lowell Addition to the City of Fridley, Anoka County, Minnesota IV. The designation of residential units and garage units is set forth in the floor plans. The description or delineation of the boundaries of units is as follows: A. The boundaries of the residential units are the walls, floors, and ceilings, as contemplated in Paragraph 515A.2-102(1) of the Act. B. The horizontal boundaries of the garage units are the upper surfaces of the material from which the parking areas are constructed, not including any ofsuchmaterial or any paint or -2 - other surfacing material thereon, and horizontal plane distant 8 feet above the lower horizontal boundaries. The vertical boundaries of garage units are any walls and any_.planes rising vertically from the inner lines of any stripes painted or marked on the lower horizontal boundaries. V. The floor plans for the Condominium are part of this Declaration. VI. Exhibit A attached hereto allocates to each unit an undivided interest in the common elements, a portion of the votes in the Association, and a percentage of common expenses of the Association. The allocations are based upon the proportions of area of each unit to the area of all units. VII. The Declarants rese-tye no right to create or subdivide units other than rights available to unit owners as provided in Article XIII of this Declaration. VIII. The limited common elements shall be those described in Paragraphs 515A.2-102(2) and (4) of the Act and in addition the balconies and storage areas allocated to particular units on the floor plans. IX. The following are restrictions on use, occupancy, and aliena- tion of units: - A. Residential units are to be occupied and used only for residential purposes only by unit owners, their families, tenants, -3 - and social guests; provided, however, that the Declarants may m4intain residential units as business and sales offices, model apartments, and other development facilities -during its sales, all as more particularly set forth in Article XIII. B. Garage units may be used only for the parking and storage of motor vehicles and bicycles. C. Units may be rented or leased by unit owners but only for terms longer than 60 days. Any lease or tenancy shall be subject to the provisions of this Declaration, the Bylaws, and the Rules and Regulations of the Association. D. No use or practice which is a source of nuisance to other occupants or which injures the reputation of the Condominium or which interferes with the peaceful possession of the Condominium by the unit owners, or which unreasonably increases use of the common elements or unreasonably increases common expenses shall be allowed in the Condominium, except with the written consent of the Association. E. No occupant or unit owner shall permit anything which would violate any law or which would result in cancellation of insurance, or without the written consent of the Association, would increase the premiums for insurance on the Condominium, to be done or kept in any unit or the common elements. F. There are no restrictions on occupancy or alienation by reason of age,race, sex or religion. _ G. No pets may be kept in the Condominium except as permitted by the Rules and Regulations of the Association. -4- X. = The Condominium is not subject to any ordinance, charter pr'ivision, or regulation -adopted pursuant to Section 515A.1-106 of the Act because: A. The Condominium is not a conversion condominium, or B. The Condominium is a conversion condominium but (1) there .i is no ordinance or charter provision of the City of Fridley which applies to conversion condominiums, or (2) a bona fide loan commit- ment for a consideration has been issued by a lender,"was in effect on the date the city adopted the ordinance or charter provision, and remains in effect, or (3) notices of condominium conversion, or intent to convert, described by Paragraph 515A.4 -110(a) of the Act containing a termination of tenancy have been given to at least 75% of the tenants and subtenants in possession prior to the date of adoption of the ordinance or charter provision regulating the creation of conversion condominiums in the City of Fridley. XI. Except as otherwise permitted by the Act or this Declaration, the common elements shall not be altered or removed, and no improve- ments shall be constructed thereon except by the Association or upon the written consent of the Association. No change or alteration which will adversely affect the structural soundness of any building shall be made to any unit or the common elements except:by the Association. No structural changes or -alterations shall be made to any unit without the prior written consent of the Association, 'and no proposals -5 - or plans for changes or alterations to a unit shall be modified or amended without the prior written consent of the Association. The Association's consent shall be requested by a written petition submitted by the unit owner. Unless the Association gives the unit owner a notice denying or limiting its consent within 30 days after delivery of the petition, the consent may be presumed by the unit owner. The Association shall require that a unit owner furnish adequate plans and specifications to describe the nature of the proposed changes and alterations. The Association shall further require that a unit owner furnish adequate assurances that it will indemnify and hold harmless the Association and other unit owners from mechanics liens or other claims arising from structural alterations or modifi- cations of the units or common elements. The Association may require that a unit owner provide a deposit or other assurance that any removed or altered common element will be repaired and restored as required by the Association. XII. The boundaries between adjoining units may be relocated in accord with Section 515A.2-114 of the Act with the following limita- tions: A. No unit may be modified by relocation of boundaries to the extent that it no longer remains practicably usable as a residence or a garage, as the case may be. 10 B. Each residential unit resulting from relocation of boundaries ly shtall be at least 1010 square feet in area and sha-.l have at lease: one living room, one kitchen, one bedroom., one bathroom, 8 exterior windows, and direct, exclusive access to a common element corridor adjacent .to the unit. XIII. A unit.owner may subdivide its residential unit into two or more residential -units, as provided in Section 515A.2-115 of the Act, provided, however, that each resulting unit be at least 1010 square feet in area and shall have at least: one living room, one kitchen, one bedroom, one bathroom, 8 exterior windows, and direct, exclusive access to a common element corridor adjacent to the unit. XIV. The Declarants, as provided in Section 515A.2-117 of the Act reserve the right to maintain unit no. 1 as a model and may maintain a sales office in the common elements located on the first floor of the building until it has completed its sales program for the Condominium. Unit no. 1 may be used by the Declarants as a manage- ment office until the end of the period of Declarant control. The Declarants may maintain reasonable signs on the common elements advertising its development and sales of the Condominium during the period of Declarant control. Upon termination of any of the rights 9 stated in this Article XIV, the Declarants may remove their property from the Condominium. -7- Xv. = The Declarants retain an easement as provided in S&Ption 3: 515A.2-118 of the Act through the common elements as may be reason- ably' -necessary for the purpose of discharging a declarant's obligation or exercising special declarant rights. XVI. This Declaration may be amended in accord with Section 515A-.2-119 of the Act. XVII. L - The Condominium may be terminated in accord with Section 515A.2- 120 of the Act except that the Condominium may not be terminated without the consent of at least .50% of the first mortgagees of record other than the Declarants or Affiliates of the Declarants, each first mortgagee having one vote for each first mortgage held. XVIII. The Association shall have all of the powers set forth in Section 515A.3-102 of the Act except as limited by this Declaration or the Bylaws. XIX. The Declarants reserve control of the Association for three years from the date of the first conveyance of a unit to a unit owner other than the Declarants, subject to the restrictions provided in Section 515A.3-103 of the Act. XX. - Upkeep of the Condominium shall be provided as set forth in Section 515A.3-107 of the Act. we XXI. The Association shall maintain the insurance required by Section 515A.3-112 of the Act. The comprehensive geneal liability insurance shall be the amount and type that will preclude unit owner 9 tort liability arising out of ownership of the common elements as contemplated in paragraph 515A.3 -111(b) of the Act. XXII. Any surplus funds described in Section 515A.3-113 of the Act may be applied as therein provided or may at the election of the Association be allocated for capital expenditures. XXIII. Assessments for common expenses.shall be governed by Section 515A.3-114 of the Act, except that the Association shall assess any common expense arising from a major rehabilitation or repair project benefiting fewer than all of the buildings in the Condominium to the units in those buildings benefited. Such a common expense shall be allocated among the units in the buildings benefited in proportion to their common expense liability. The Association shall adopt and levy annual common expense assessments, but such assessments shall not exceed those for the prior year by more than 10% except by a vote or ratification of a meeting of the members of the Association. The Association may adopt and levy special assessments but only upon the vote or ratification of a meeting of the members of the Association. During the period of•Declarant control, the Declarants, as members of the Association, may not vote on these questions. ME The Association may provide that assessments be payable monthly or at other intervals. If default is made in the payment of the installments, the Association may declare the entire annual or special assessment to be accelerated and to be immediately due and payable. XXIV. Fees, charges, late charges, and interest charges provided for in Paragraphs 515A.3-102(8)(9) and (11) of the Act shall be deemed to be assessments and will constitute a lien and are enforceable in accordance with Section 515A.3-115 of the Act. FHLMC Provisions. The following provisions shall take precedence over all other provisions of this Declaration, and in the event of any inconsistency or contradiction, the following provisions shall control: A. A first mortgagee of a unit or its assigns, upon request, will be entitled to written notification from the Association of any default in the performance by the unit owner of any obligation under this Declaration or bylaws which is not cured within sixty (60) days. B. No right of first refusal contained in this Declaration or the Bylaws of the Association shall impair the rights of a first mortgagee to: 1. foreclose or take title to a unit pursuant to the remedies provided in the mortgage; or -10- 2. accept a deed or assignment in lieu of foreclosure in4the.event of default by a mortgagor; or 3. sell or lease a unit acquired by the mortgagee. C.. Any first mortgagee who obtains title to a unit pursuant to the remedies provided in the mortgage or foreclosure of the mortgage will not be liable for such unit's unpaid dues or charges which accrue prior to the acquisition of title to such unit by the mortgagee.. D. Unless at least sixty-six and two-thirds percent (66-2/3%), or such higher percentage as is required by law, of the first mortgagees (based upon one vote for each mortgage owned) or owners (other than the sponsor, developer, or builder) of the individual condominium units have given their prior written approval, the condominium homeowners association shall not be entitled to: (1) by act or omission, seek to abandon or terminate the condominium project; (2) change the pro rata interest or obligations of any individual condominium units for the purpose of: (i) levying assessments or charges or allocating distributions of hazard insurance proceeds or condemnation awards, or (ii) determining the pro rata share of ownership of each condominium unit in the common element. (3) partition or subdivide any condominium unit; (4) by act or omission, seek to abandon, partition, subdivide, encumber, sell or transfer the common elements. (The granting of easements for public utilities or for other public purposes consistent with the intended use of the common elements by the condominium shall not be deemed a transfer within the meaning of this clause); -11- (5) use hazard insurance proceeds for losses touany condominium property (whether to units or to common elements) for other than repair, replacement or reconstruction of such condominiuTn,property. E. Condominium dues or charges (common element expenses) shall include an adequate reserve fund for maintenance, repairs and replace- ments of those.common elements that must be replaced on a periodic basis and shall be payable in regular installments rather than by special assessments. F. Any agreement for professional management of the condominium project orany other contract providing for services of the developer, sponsor or builder may not exceed two (2) years. Any such agreement must provide for termination by either party without cause and without payment of a termination fee on ninety (90) days or less written notice. G. All taxes, assessments and charges which may become liens prior to the first mortgage under local law, shall relate only to the individual condominium unit and not to the condominium project as a whole. H. No provision of the condominium constituent documents gives a condominium unit owner or any other party priority over any rights of the first mortgagee of the condominium unit pursuant to its mortgage in the case of distribution to such unit owner of insurance proceeds or condemnation awards for losses or the taking of condominium apartments and/or common elements. -12- I. Notwithstanding any provision of this Declaration to the contrRry, in the event that financing shall be applied for by any ofthe parties to this Declaration, their heirs, successors, or asigns, which application shall be conditioned upon compliance with standards then in effect as imposed by Federal National Mortgage Association, Federal Home Loan Mortgage Corporation or Government National Mortgage Association, then the guidelines and standards as established by such agencies shall control and the provisions of this Declaration where inconsistent shall be subordinate thereto. Neither this article nor any of the provisions of this Declaration governing amendment of this Declaration shall be amended without the written consent of all first mortgagees of units. An addition or amendment to the documents shall not be considered material if it is for the purpose of correcting technical errors or for verification only. An eligible mortgage holder who receives a written request to approve additions or amendments who does not deliver or post to the requesting party a negative response within 30 days shall be deemed to have approved such request. IN TESTIMONY WHEREOF, this Declaration has been executed as of the day of December, 1981. Gordon J. Aspenson Betty J. Aspenson -13 - STATE OF MINNESOTA) )SS COUNT' OF RAMSEY ) The foregoing instrument was acknowledged before me this day of December, 1981, by Gordon J. Aspenson and Betty J. Aspenson, Declarants. Notary Public This instrument was drafted by: Vincent S. Dahle Attorney at Law 2124 Silver Lake Road New Brighton, MN 55112 633-5584 ,A -14- CERTIFICATE Y4- CERTIFICATE Robert B. Baker a registered profedsional architect for the State of Minnesota does hereby_ certify that all structural components and mechanical systems serving more than one unit of all buildings containing or comprising any units hereby created ar.e substantially completed consistent with the floor plans for 6500, 6510, 6520 2nd Street N.E. Condominium, Anoka County Records. Dated this 11th day of- December 1981. STATE OF MINNESOTA) )SS COUNTY OF RAMSEY ) .,'7e6, 06'j97 The foregoing instrument was acknowledged before me this 11th day of December 1981, by Robert B. Baker a registered professional architect. Notary Public CERTIFICATE a registered professional engineer for the State of Minnesota does hereby certify that units 1-3, inclusive, of 6500, 6510, 6520 2nd Street N.E. Condominium No. , Anoka County Records, are substantially completed. Dated this day of 1981. 1:X111 It 1'1' 6 CI)II,lt)III i I I IIIII NnIIIIII -I 6500, 6510, 6520 2nd Street N.E. Condominium OF IIN L TS (knits I'1iis I'ercooita,le of Cnunnoll K l e - me n t s) IIN 1'T NUMBER AI'PM )X I MATE Alfl- A 1010 square•feet 1010 square feet 1105 square feet I'I:RCI:N'I'A(,I: O AI.I. IINITS 32.3 'd 32.3 d 35.4 EXHIBIT C TO DECLARATION OF CONDOMINIUM NUMBER 9 6500, 6510, 6520 2nd Street N.E. Condominium Assodiation, Inc. BYLAWS adopted by: 6500, 6510, 6520 2n (the "Association") BYLAWS d Street N.E. Condominium Association, Inc. as of the date hereof. 1. GENERAL PURPOSES AND POWERS. 1.01 PURPOSES. The Association has been organized pursuant to Section 515A-..3-101 of the Act to operate and manage Condominium No. 9 , 6500, 6510, 6520 2nd Street N.E. Condominium (the "Project"), which has been created pursuant to the Act. 1.02 POWERS. The Association shall have all of the powers of nonprofit corporations under the laws of the State of Minnesota necessary or desirable to effectuate its purposes, including those set forth in the Act. 1.03 DEFINITIONS. The definitions of the terms referred to in these Bylaws, if not defined herein, are set forth in the plan of condominium ownership (the "Declaration") to which these Bylaws are attached. 2.. MEMBERSHIPS. 2.01 MEMBERSHIP. Membership in the Association shall be one of the appurtenances of ownership of a Unit in the Project. The Owner of a Unit shall automatically be the holder of a membership and shall be entitled to the benefits and be subject to the burdens relating thereto. If more than one person or entity is the Owner of a Unit, the membership appurtenant to that Unit shall be shared by all such persons or entities in the same proportionate interest and by the same type of ownership as the Unit is held. No person other than an Owner of a Unit may hold a membership in the Association. 2.02. VOTING RIGHTS FOR MEMBERSHIPS. The voting rights of each Owner shall correspond to such Owner's percentage of undivided interest in the Common Elements of the Project as set forth in the Declaration. No Owner shall be entitled to vote on a matter to come before the Association either as an Owner or as a member of the Board of Directors if such Owner is delinquent in the payment of assessments levied pursuant to the Declaration. No voting rights shall inure to any Unit if the same is owned by the Association. Cumulative voting shall not.be permitted. &2.03 REGISTRATION OF OWNERS AND OCCUPANTS. Each Owner shall register with the Secretary of the Association in writinf (a) the name and address of such Owner or any lessee of the Unit, (b) thte nature of such Owner's interest or estate in the Unit; (c) tlio address at which such Owner desires to receive notice, if ent-itled to such notice, of any duly called meeting of the Owners; (d) the name and address of any Mortgagee; and (e) the name of the Owner, if there is more than one Owner of a Unit, who shall'be authorized to cast the vote with respect to such Unit. I f. there is more than one Owner of a Unit, each must execute the registration as provided in this Paragraph. If the Owners of a Unit fail to register as provided herein, the Board of Directors or a committee appointed by it shall determine who may cast the vote attributable to the Unit. 2.04 RESTRICTION ON TRANSFER. The interests, rights and obligations of an Owner may not be assigned, pledged, encumbered or transferred in any manner, except as an appurtenance to such Owner's Unit. 2.05 FIRST MEETING OF MEMBERS. The first meeting of the Owners shall be held at the call of the President of the Association no later than 30 days after the termination of the Declarant's period of control as described in Paragraph 7.03 of the Declaration. 2.06 AN14UAL MEETINGS. An annual meeting of the Owners shall be held on the first Tuesday in March of each year, if not a legal holiday, and if a legal holiday, then on the next secular day following, at such time and place as is specified by the President or Secretary in the Aotice of such meeting. At the annual meeting, the Owners shall elect a Board of Directors to serve until the next annual meeting and shall transact any other business authorized to be transacted by the Owners. 2.07 SPECIAL MEETINGS. Special meetings of the Owners may be called at any time by the President or by the Board of Directors and shall be called by the President in any event upon receipt of a written request for a special meeting signed by those Owners entitled to vote holding 20% or more of the total authorized vote of the Project. 2.08 NOTICES. Notice of all meetings of the Owners, stating the time, place and complete agenda thereof, shall be given-by the President or Secretary unless waived shall be in writing, shall be sent to each nMortgagee andcOwnerice of record at the address of the Unit and to any other addresses which may be designated by such Mortgagee or Owner, and shall be hand delivered or sent by United States mail not less than 21 days in advance of any annual or regularly scheduled meeting &and at least seven days in advance of any other meeting. Rroof of such mailing shall be given by the affidavit of the person giving the notice. The notice of the meeting may be waived before or after.such meeting. 2.09 ATTENDANCE OF MORTGAGEES AT MEETINGS. Any Mortgagee may attend and participate in any general or special meeting but shall have no vote unless granted by Oritten proxy. 2.10 QUORUM. A.quorum at meetings of the Owners shall consist of those Owners entitled to vote holding at least 50% of the Total Vote of the Project present in person or by proxy. 2.11 MANNER OF CASTING VOTES. Votes may be cast in person or by proxy. Proxies -must -be filed with the Secretary before the appointed time of the meeting and shall be valid until revoked in writing. 2.12 ACTION BY OWNERS WITHOUT MEETING. Any action.required by law to be taken at a meeting of the Owners, or any action which may be taken at a meeting of the Owners, may be taken without a meeting by a written instrument setting forth the action so taken and signed by all of the Owners of Units in the Project who Ore entitled to vote. 2.13 MANNER OF ACTING. When a quorum is present at any meeting, any question brought before the meeting shall be decided by a simple maj-ority of the Owners entitled to vote present in person or proxy. 3. BOARD OF DIRECTORS. 3.01 FIRST BOARD OF DIRECTORS. The first Board of Directors of the Association shall consist of the persons whose names are set forth in the Articles of Incorporation. Said first Directors shall serve until their successors have been duly elected. Said first Directors shall hold an organizational meeting no later than 30 days after the termination of the Declarant's period of control as described in Paragraph 7.03 of the Declaration. 3.02 NUMBER AND QUALIFICATIONS OF DIRECTORS. The second Board of Directors and all successive Boards shall consist of three Owners. The Directors shall receive no compensation for their services, but may be reimbursed for all of their out-of-pocket expenses incurred in connection with Association business. 3.03 TERM. The terms of the Directors shall expire at the annual meeting of the Directors or when their successors have been elected, whichever occurs later. The terms of the first Board shall expire at the first annual meeting of the Directors. LThe terms of the second Board shall expire as follows: the term Of the first Director shall be for one year, the term of the second Director shall be for two years, and the term of the Xast Director shall be, for three years. The determination of which Director positions fall within the first, second or last category shall be based on the alphabetical order of the first letter of the last names of the members of the second Board. The terms of the members of the third and succeeding Boards shall be three years each. 3.04 REMOVAL. Any Director may be removed by the affirmative vote of those Owners entitled to vote holding 75% or more of the Total Vote of the Project at any meeting of the Board. 3.05 VACANCIES. Any vacancy in a directorship may be filled at any meeting of the Board, and a Director so= -elected to fill such vacancy shall serve for the unexpired term of its predecessor in 6ffice and until its successor has been elected. 3.06 REGULAR MEETINGS. Regular meetings of the Board of Directors may be held at such time and place as shall be determined from time to time by the Directors.- Notice of regular meetings shall be given to each Director, personally or by mail, telephone or telegraph, at least seven days prior to the day designated for such meeting unless such notice is waived. 3.07 SPECIAL MEETINGS. Special meetings of the Directors may be called by the President and shall be called by the Secretary at the written request of three or more Directors. Not less than three days' notice of such special meeting shall be given. personally or by mail, telephone or telegraph. Such notice shall state the time, place and purpose of such meeting. 3.08 WAIVER OF NOTICE. Any Director may waive notice of a regular or special meeting, either before or after such meeting. Such waiver shall be deemed equivalent to the giving of notice. 3.09 QUORUM. A majority of the Board of Directors shall constitute a quorum for the transaction of business at any meeting of the Board. 3.10 MANNER OF ACTING. Each Director shall be entitled to one vote, and the act of a majority of the Directors present at a meeting at which a quorum is present shall constitute the act of the Board of Directors. 3.11 BOARD ACTION WITHOUT MEETING. Any action required by law to be taken at a meeting of the Board of Directors, Or any action which -"may be taken 'at a meeting of the Board, may be taken without a meeting by a written instrument setting forth the action w 'J &so taken and signed by all the Directors. 3.12 PRESIDING OFFICER. The presiding officer at meetings of the Board of Directors shall be the President, and, in his or her absence, the Directors present shall designate one of their number to � preside. 3.13 POWERS AND DUTIES OF BOARD OF DIRECTORS. All of the powers and duties of the Association shall be exercised by the Board of Directors. In addition to those powers existing under common law and statutes,.*the Articles of Incorporation, the Declaration, the.Act, and the rules and regulations adopted from time to time, the $,oard of Directors shall: (a) Elect annually the officers of the Association; (b) Prepare and mail to each Owner before the annual meeting of the Owners for each year an annual report which is to include the following documents and information: a proposed budget for the fiscal year showing anticipated income and operating expenses, including reasonable reserves; a statement of any capital expenditures in excess of two percent of the current budget or $5,000-00, whichever is greater, anticipated by the Association during the current year or succeeding two fiscal years; a statement of the status and amount of any reserve or replacement fund and any portion of the fund designated for any specified project jy the Board of Directors; a copy of the statement of financial condition for the Association for the last fiscal year; a statement of the status of any pending suits or judgments to which the Association has been or is a party; a statement of the insurance coverage provided by the Association; and a statement of any unpaid assessments due and payable to the Association, identifying the Unit number and the amount of the unpaid assessment; (c) Determine, establish and collect assessments in accordance with the Declaration for the purpose of providing for the Common Expenses and reserves of the Common Elements of the Project; (d) Establish adequate reserve funds for the replacement of the Common Elements �o be funded by monthly payments rather than by extraordinary assessments, including a working capital account for the initial months of the Project's operation equal to at least two months' estimated assessment for each Unit; .(e) Use all assessments collected in the proper exercise Of its powers and duties; (f) Operate, maintain, repair, and replace—tie Common Elements; (g) Restore the Common Elements after loss or damage thereto except as provided for in the Declaration; g(h) Establish and amend rules and regulations respecting the use of the Common Elements and the Project as--a--whole; (i) Enforce by legal means the provisions of these Bylaws, the Declaration, the Articles. of Incorporation, the Xct, and the rules and .regulations; (j) Provide for the insurance coverage required by the Declaration; (k) Contract for the provision of any services permitted by the Act, the Declaration and these Bylaws for terms of not more than one year, provided that any such contract be terminable for cause by the Association upon 30 days' written notice without any obligation .to pay any termination fee; (1) Employ personnel for terms prescribed by law for reasonable compensation to perform the services required to be carried out by the Association and provide for the proper care and maintenance of the Common Elements; and (m) Perform such other acts as may be delegated to the Board of Directors by the Owners, (hese Bylaws, the Declaration or the Act, and perform such other acts as may be incidental to or necessary in the performance of the foregoing. 4. OFFICERS. 4.01 DESIGNATION OF OFFICERS. The officers of the Association shall be President, Secretary, and Treasurer. One person may hold the offices of President and Treasurer. Each of these officers shall be a member of the Board of Directors, shall be elected at the annual meeting of the Board, and shall serve until his or her successor has been elected. Any officer may be removed, with or without cause, by a majority vote of the Directors at any meeting of the Board or by those Owners entitled to vote holding 50% or more of the Total Vote of the Project $t any meeting of the Owners. Any vacancy in an office of the Association shall be filled by the Board of Directors, and an officer elected to fill a vacancy shall serve for the unexpired term of his predecessor in office and until his successor has been elected. Any officer may receive such compensation for his or her services as the Board of Directors may establish from time to time. 4.02 PRESIDENT. The President shall be the chief executive officer of the Association. He or she shall have all of the powers &and duties which are usually vested in the office of the president of a corporation, including, but not limited to, the duty to preside at all meetings of the Owners and the Board of Directors and the obligation to supervise the other officers in the management of the business and affairs of the Assoe-iation. He or she shall see that all actions and resolutions of the Board of Directors are carried into effect. He or she shall be authorized by. his or her sole signature .to execute all contracts, obligations, deeds, and other legal instruments of the Association unless the Board of.Directors designates one or more other officers to exe cute such documents. 4.03 SECRETARY. The Secretary shall keep the minutes of all proceedings of the Directors and the Owners. He or she shall give all notices to the Owners, Directors and other parties required by the. Act, the Declaration, and these Bylaws. He or she shall keep the records of the Association, issue certificates as to the status of the Owner's assessment accounts, perform all duties incident to.the office of a secretary of a corporation, and carry out all other responsibilities as may be required by the Directors or the President. 4.04 TREASURER. The Treasurer shall have custody of all intangible property of the Association, including funds, securities and evidences of indebtedness. He or she shall be bonded in such sum and with such sureties as the Directors may require.He or she shall keep the books of the Association in accordance with good accounting practices and principles; shall submit such books together with all vouchers, receipts, records $nd other papers to the Directors for their examination and approval as often as they may require; shall deposit all monies and other valuable effects in the name of or to the credit of the Association in such depositories as may be designated from time to time by the Board of Directors; shall disburse the fund$ of the Association as ordered by the Board of Directors; and shall perform all other duties incident to the office of a treasurer of a corporation. 4.05 ADDITIONAL OFFICERS. The Board of Directors may from time to time elect other officers to manage the affairs of the Association. 4.06 INDEMNIFICATION. Each Director and Of of the Association shall be indemnified and held harmless by the Association ;From all costs and expenses, including reasonable attorneys' fees, which may be imposed upon or reasonably incurred by such Director or officer in connection with or arising out of the defense or settlement of any claims, action, suit or proceeding brought against him by reason of his being or having been a Director or officer of the Association, whether or not he is a Director or officer at the time of incurring such expenses. &No Director or officer shall be indemnified by the Association with respect to matters as to which he is finally adjudged in any such action, suit or proceeding to have been guilty of willful or fraudulent conduct detrimental to the best interests of the Association. The foregoing right �f indemnification shall inure to the benefit of the heirs, executors, administrators, and personal representatives of such Director or Officer and shall be in addition to other rights to which such Director or Officer may be entitled as a matter of law. 5. PROJECT MANAGEMENT. 5.01 FUNDS AND PROPERTIES. -All funds and the titles to all properties acquired by the Association, and the proceeds thereof, after deducting the costs incurred by the Association in acquiring and disposing of the same, shall be held for the benefit of the Owners for the purposes stated in the Declaration. 5.02 DEPOSITORY. All funds of the Association shall be deposited in such bank or banks as the Board of Directors may designate from time to time. All withdrawals from such bank, or banks shall be authorized by any two officers of the Association. 5.03 BOOKS AND RECORD. The books, accounts and records of the Association shall be open to inspection by any Owner and any Mortgagee at all reasonable times. 5.04 REVIEW OF ACCOUNTS. A review of the accounts of the Association shall be made annually by a certified public accountant or other qualified person and a copy of his or her report shall be furnished to each Owner not later than the date of the annual meeting of the Owners for the year following the year in which the report is made. 5.05 FIDELITY BONDS. Fidelity bonds may be required by the Board of Directors or by the Owners from Jach officer, employee and agent of the Association and from any manager or contractor handling or responsible for Association funds. The amount of such bond shall be determined either by the Board of Directors or the Owners, whichever required such bonds. The premiums on such bonds shall be paid by the Association. 5.06 FISCAL YEAR. The fiscal year of the Association shall be the calendar year. 5.07 OFFICE. The location of the principal office of the Association shall be the location of the Building. 6. GENERAL PROVISIONS. Y 6.01 RULES AND REGULATIONS. The Board of Directors of the Association may promulgate such rules and regulations as it deems reasonable and necessary from time to time to govern the admin- istration, management, operation and use of the Common Elements. Copies of all such rules and regulations and any amendments thereto shall be furnished to the Owners. 6.02 PARLIAMENTARY AUTHORITY. Robert's Rules of Order shall govern the conduct of Association proceedings when not in conflict with the Declaration, these Bylaws, or any applicable laws. The President shall have the authority to appoint a parliamentarian if he or she deems it necessary to do so. 6.03 COMPLIANCE WITH ACT. Should any of the terms of these Bylaws conflict with the Act, the Act shall be controlling. Should any of the terms -of these Bylaws conflict with the Declaration, the Declaration shall be controlling. If any such term, provisions, limitation, paragraph or clause of these Bylaws is judicially held to be invalid, such determination shall not affect the enforceability, validity, or effect of the remainder of these Bylaws. 6.04 CORPORATE SEAL. The Association shall have no corporate seal. 6.05 AMENDMENTS. These Bylaws may be amended in accordance with the Act. These bylaws were adopted by action of its Board of Directors as of December 16 , 19 81 Attest: Secretar Presi en THIS INSTRUMENT DRAFTED BY: Vincent S. Dahle Attorney at Law 2124 Silver Lake Road New Brighton, MN 55112 633-5584