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Res 2018-62 Ralcorp Property DonationCITY OF FRIDLEY ANOKA COUNTY, MINNESOTA RESOLUTION NO. 2018 - 62 RESOLUTION AUTHORIZING THE DONATION OF REAL PROPERTY TO THE CITY BY RALCORP FROZEN BAKERY PRODUCTS, INC. PURSUANT TO MINNESOTA STATUTES § 465.03 WHEREAS, Ralcorp Frozen Bakery Products, Inc., a Delaware corporation ("Ralcorp" or "Donor") owns 1.3 acres of property in the City of Fridley, County of Anoka, State of Minnesota, legally described as follows: That part of Lot 3, Block 4, Commerce Park, according to the recorded plat thereof, Anoka County, Minnesota, which lies east of a line beginning at a point on the north line of said Lot 3 being 205.00 feet east of the northwest corner of said Lot 3; thence southerly to a point on the south line of said Lot 3 being 125.00 feet east of the southwest corner of said Lot 3 and which lies northwesterly of the following described line: Commencing at the northeast corner of said Lot 3; thence North 89 degrees 55 minutes 02 seconds West, along the north line of said Lot 3, a distance of 537.88 feet to the point of beginning; thence South 00 degrees 22 minutes 42 seconds East a distance of 93.85 feet; thence South 30 degrees 58 minutes 03 seconds West a distance of 40.92 feet; thence South 73 degrees 57 minutes 03 seconds West, a distance of 129.69 feet; thence South 11 degrees 48 minutes 23 seconds West a distance of 102.57 feet; thence South 01 degree 22 minutes 32 seconds West a distance of 133.70 feet to the south line of said Lot 3 and said line there terminating. Except the south 25.00 thereof. (the "Real Property"). WHEREAS, Donor wishes to donate the Real Property to the City of Fridley ("City" or "Donee") without compensation. WHEREAS, pursuant to Minnesota Statutes § 465.03 the City has the power and authority to accept a grant or devise of real property pursuant to a two-thirds majority vote of its members: M.S.A. § 465.03 Gifts to Municipalities Any city, county, school district or town may accept a grant or devise of real or personal property and maintain such property for the benefit of its citizens in accordance with the terms prescribed by the donor. Nothing herein shall authorize such acceptance or use for religious or sectarian purposes. Every such acceptance shall be by resolution of the governing body adopted by a two-thirds majority of its members, expressing such terms in full. Resolution No. 2018 - 62 Page 2 WHEREAS, Minnesota Statutes Chapter 462 and Fridley Subdivision Code, Chapter 211 prohibit the recording of certain conveyances unless the conveyance is in compliance with the City's subdivision regulations. WHEREAS, pursuant to Minn. Stat. § 462.358, subd. 4b(c) and Fridley Subdivision Code § 211.03(2), the City is authorized to waive enforcement of the subdivision regulations when the City, by adoption of a resolution, determines that enforcing the prohibition on recording the conveyance of unplatted land will create unnecessary hardship and failure to comply with the subdivision regulations does not interfere with the purpose of the regulations, and the conveyance may then be recorded. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley as follows: 1. That the City hereby accepts the donation of the Real Property from Donor to the City pursuant to Minnesota Statutes § 465.03. 2. The City, pursuant to Minn. Stat. §462.385, sub. 4b(c) and Fridley Subdivision Code §211.03(2) hereby finds that enforcement of the statutory prohibition on recording the conveyance of unplatted land will create an unnecessary hardship and that failure to comply does not interfere with the purpose of the subdivision regulations, and the City hereby waives compliance with the subdivision regulations and authorizes the conveyance of the Real Property legally described above to be recorded. 3. That the Mayor and City Clerk are authorized to execute the Donation Agreement attached hereto as Exhibit A. 4. That the Mayor and City Clerk are authorized to execute the Access Easement Agreement attached hereto as Exhibit B. 5. That the City Attorney (or an Assistant City Attorney) is hereby authorized to execute any closing documents on behalf of the City at the closing of the donation of the Real Property from the Donor to the City. Passed by at least a two-thirds majority vote of the City Council of Fridley this 261h day of November, 2018. SCOTT J. LUND - MAYOR ATTEST: DEBRA A. SKOGEN — CITY CLERK Exhibit A Donation Agreement DONATION AGREEMENT BY AND BETWEEN RALCORP FROZEN BAKERY PRODUCTS, INC. (DONOR) AND THE CITY OF FRIDLEY (DONEE) FOR THE DONATION OF APPROXIMATELY 1.33 ACRES OF PROPERTY LOCATED IN THE CITY OF FRIDLEY, ANOKA COUNTY, MINNESOTA DONOR: Ralcorp Frozen Bakery Products, Inc. 2021 Spring Road Oak Brook, IL 60523 -1- DONEE: City of Fridley 6431 University Avenue NE Fridley, MN 55432 DONATION AGREEMENT THIS DONATION AGREEMENT ("Agreement") is made this 26th day of November, 2018 (the "Effective Date") by and between Ralcorp Frozen Bakery Products, Inc., a Delaware corporation ("Donor") and the City of Fridley, a Minnesota municipal corporation ("Donee"). WHEREAS, Donor and Donee are parties to that certain Agreement for the Construction of Specific Stormwater System Improvements in the Oak Glen Creek Subwatershed, City of Fridley Projects 17-446 and 17-516, dated September 19, 2017 (the "Stormwater System Agreement"); WHEREAS, the final paragraph of Section VIII of the Stormwater System Agreement provides as follows: If, at a future time, Treehouse [Ralcorp Frozen Bakery Products, Inc.] desires to convey fee title of the permanent easement area to the City, the City agrees to accept the conveyance, so long as Treehouse is lawfully possessed of the land and has good and lawful right and power to convey it, it is free of mortgages and liens and subject only to encumbrances deemed acceptable by the City in its sole discretion. WHEREAS, Donor desires to convey fee title of the permanent easement area to Donee; and WHEREAS, Donor and Donee desire to enter into this Agreement to facilitate such transaction; NOW, THEREFORE, subject to the covenants, warranties, representations and mutual consideration herein contained, the parties hereby agree as follows: SECTION 1. DEFINITIONS. Capitalized terms used in this Agreement that are not otherwise defined herein shall have the meanings assigned to such terms as set forth on Exhibit A attached hereto and incorporated herein. SECTION 2. DONATION OF PROPERTY. Donor agrees to donate and convey fee title to the Property to Donee, and Donee agrees to accept such donation, subject to the terms and conditions in this Agreeement. SECTION 3. DUE DILIGENCE DOCUMENTS. Prior to the Closing Date, Donor shall deliver to Donee copies of the following information and documents that are in Donor's possession, to Donor's actual knowledge: a.) A copy of any written contracts (including service contracts), agreements and warranties that will affect the Property after the Closing Date. b.) A copy of all permits issued to Donor that affect the Property, other than permits issued by Donee. -2- c.) A copy of any environmental reports or environmental permits concerning the Property in the possession or reasonable control of Donor to the extent received by Donor within the last five years. d.) A copy of any existing survey of the Property. Donor has no further obligation to pay for or to obtain any additional surveys of the Property. Donee, at its expense, may obtain any additional surveys. SECTION 4. INSPECTION. During the Due Diligence Period, Donee, at Donee's sole cost and expense, may enter upon the Property and conduct tests, inspections, surveys and studies (including, without limitation, soil, environmental, physical, mechanical and structural) which Donee may deem appropriate to determine the suitability of the Property for Donee's intended use. In connection with any entry by Donee, or its agents, employees or contractors onto the Property, Donee shall give Donor reasonable advance notice of such entry and shall conduct such entry and any inspections in connection therewith so as to reasonably minimize, to the greatest extent reasonably possible, interference with the Property and otherwise in a manner reasonably acceptable to Donor. At least 48 hours prior to any entry to perform any on-site testing, Donee shall give Donor written notice thereof, including the identity of the company or persons who will perform such testing and the proposed scope of the testing. Donee will have the opportunity to conduct a Phase I Environmental Assessment prior to Closing. Donor agrees to cooperate in the preparation of the Phase I Environmental Assessment and to accurately respond to any questions and inquiries that are posed to Donor relating to preparation of such Phase I Environmental Assessment. Donor agrees to make the Property available for on-site and field inspections. Notwithstanding any provision herein to the contrary, Donee shall not conduct a Phase II Environmental Assessment without Donor's prior written consent, in Donor's sole discretion. Donee shall maintain, and shall insure that its contractors maintain, at least one million dollars ($1,000,000) of public liability and property damage insurance to insure against the liability of Donee and its agents, employees or contractors, arising out of any entry or inspections of the Property pursuant to the provisions hereof, and Donee shall provide Donor with reasonable evidence of such insurance coverage upon request by Donor. Donee shall indemnify, defend and hold Donor harmless from and against any costs, damages, liabilities, losses, expenses, liens or claims (including, without limitation, reasonable attorneys' fees) to the extent arising out of or relating to any entry on the Property by Donee, its agents, employees or contractors in the course of performing the inspections, testing or inquiries provided for in this Agreement. The foregoing indemnity shall survive the termination of this Agreement. Donee shall have until the last day of the Due Diligence Period to terminate this Agreement for any reason by providing written notice of termination to Donor. SECTION 5. AS -IS. WHERE IS. Donee hereby expressly acknowledges that it has or will have, prior to the end of the Due Diligence Period, thoroughly inspected and examined the -3- Property to the extent deemed necessary by the Donee in order to enable the Donee to evaluate whether or not to accept the donation of the Property. Donee represents that it is relying solely on its own expertise and that of Donee's consultants, and that Donee will conduct such inspections and investigations of the Property, including, but not limited to, the physical and environmental conditions thereof, and shall rely upon same, and, upon closing, shall assume the risk of any adverse matters, including, but not limited to, adverse physical and environmental conditions, that may not have been revealed by Donee's inspections and investigations. Donee further acknowledges and agrees that Donee is acquiring the Property on an "as is", "where is" and "with all faults" basis, without representations, warranties or covenants, express or implied, of any kind or nature, except for Donor's express warranties contained in this Agreement. Donee hereby assumes all risk and liability (and agrees that Donor shall not be liable for any special, direct, indirect, consequential or other damages) resulting or arising from or relating to the ownership, use, condition, location, maintenance, repair, or operation of the Property after the Closing. SECTION 6. TITLE EXAMINATION. Donor, at its sole expense, has obtained a title insurance commitment covering the Property, including searches covering bankruptcies, state and federal judgments and tax liens, evidencing the Donor's title to the Property ("Title Commitment"). A copy of the Title Commitment is attached hereto as Exhibit B. a.) For a period of ten (10) days after the Effective Date, Donee shall be allowed to examine the Title Commitment and deliver any objections ("Title Objections") thereto. For a period of ten (10) days after Donee's receipt of any update or supplement to the Title Commitment, Donee shall be allowed to examine the same and deliver any objections to any matters not previously disclosed in the Title Commitment. Title Objections not made in writing within the applicable ten (10) day period shall be deemed to be waived by Donee and, therefore, Permitted Encumbrances. b.) If any objections are so made, Donor shall be allowed thirty (30) days after receipt of such written objections to make such title marketable. c.) If said title is not marketable and is not made so within thirty (30) days from the date of delivery of the written objections thereto as above provided, then Donee shall have the right (a) to terminate this Agreement upon notice given to Donor or (b) to waive such objections and proceed to Closing. SECTION 7. CONDITIONS PRECEDENT TO CLOSING. The obligations of each party to close the transaction contemplated by this Agreement are subject to the satisfaction, at or before the Closing Date, of the following conditions. a.) ACCURACY OF REPRESENTATIONS. The representations, warranties, covenants and agreements of the other party contained in this Agreement shall be true in all material respects at and as of the Closing Date as though such representations, warranties, covenants and agreements were made at and as of the Closing Date. M b.) PERFORMANCE. The other party shall have performed and complied with all agreements and conditions required by this Agreement to be performed or complied with prior to or at the Closing Date. c.) ABSENCE OF LITIGATION. No action or proceeding by or before any court or other governmental body shall have been instituted or threatened pertaining to any transaction contemplated by this Agreement or its consummation or the transfer or sale of the Property. d.) APPROVAL OF DOCUMENTS. The form and substance of all certificates, instruments, opinions and other documents delivered by one party to another under this Agreement shall be satisfactory in all reasonable respect to the party to receive the document and its counsel. Each party may waive any or all of the conditions which are included herein for its benefit in whole or in part, provided, however, that no such waiver of a condition shall constitute a waiver by such party of any of its other rights or remedies, at law or in equity, if the other party shall be in default of any of its representations, covenants, indemnifications, warranties or agreements under this Agreement. If any conditions precedent to closing are not satisfied or waived by both parties, then either party by written notice to the other may cancel this Agreement; if the Agreement is so cancelled, the parties shall execute a written cancellation of this Agreement. SECTION 8. CLOSING. Subject to performance by the parties of this Agreement, the Closing shall occur on the Closing Date at the Closing Location. The parties shall execute and deliver the Closing Documents at or prior to Closing, all in form and content reasonably satisfactory to both parties. Donor shall deliver possession of the Property to Donee on the Closing Date. SECTION 9. PRORATIONS. Donor and Donee agree to the following prorations and allocation of costs regarding this Agreement: a.) Title Insurance. Donor will pay all costs of the issuance of the Title Commitment, the fees charged by the Title Company for any escrow required regarding Donee's Title Objections, the premium for an owner's policy of title insurance and any premiums required for the issuance of endorsements necessary to cure Title Objections. b.) Closing Fees. Donor and Donee will each pay one half (1/2) of any closing fee or charge imposed by the Title Company. c.) Real Estate Taxes. Donor shall pay all real estate taxes due and payable prior to the year of closing. Real estate taxes due and payable in the year of closing and attributable to the Property shall be prorated between Donor and Donee based -5- on the Closing Date. (The calculation of real estate taxes attributable to the Property shall be based on the area of the Property, 1.33 acres, in proportion to the estimated area of the tax parcel that includes the Property and additional land, Anoka County Parcel Identification Number 10-30-24-14-0058, 2.42 acres.) Donee shall be responsible for all real estate taxes due and payable following the year of closing. Donor does not make any representation concerning the amount of real estate taxes which will be assessed against the Property subsequent to the Closing Date. d.) Special Assessments. Donor agrees to pay all assessments levied before the date of this Agreement. Donee shall be responsible for all assessments levied by Donee or any other governmental entity on or after the date of this Agreement. e.) Recording Fees. Donor will pay any recording fees in connection with the release of any mortgages, liens, encumbrances and security interests against the Property that are not being assumed by Donee. Donor shall also pay any deed tax due in connection with the sale of the Property pursuant to applicable State statutes. Donee shall pay the recording fee in connection with the recording of the Limited Warranty Deed. i) Attorneys' Fees. Each of the parties will pay its own attorneys' fees, except that a party defaulting under this Agreement or any document referenced in this Agreement will pay the reasonable attorneys' fees and court costs incurred by the non -defaulting party to enforce its rights hereunder. SECTION 10. DONOR'S WARRANTIES. Donor represents and warrants to Donee as of the Effective Date and the Closing Date as follows: a.) AUTHORITY. Donor has all requisite power and authority to own, use and sell the Property. Donor has the right, power, legal capacity and authority to enter into and perform the Donor's obligations under this Agreement, and no approvals or consents of any persons or entities are necessary. The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated hereby will not, violate any indenture, mortgage, lease, deed of trust, agreement, arrangement, license, order, judgment or decree. b.) NO DEFAULT. Donor is not a party to or bound by any mortgage, lien, lease, agreement, instrument, order, judgment or decree which would prohibit the execution or performance of this Agreement by Donor or prohibit any of the transactions provided for in this Agreement. c.) TITLE. At Closing Date, Donor will have good and marketable title pursuant to the laws of the State of Minnesota to the Property to be conveyed hereunder, subject only to the Permitted Encumbrances. On the Closing Date, the Property will not be subject to a contract or other agreement of sale or subject to security interests, mortgages, encumbrances, liens (including income, personal So property and other tax liens) or off -sets, claims, reductions or charges of any kind or character other than the Permitted Encumbrances. d.) LITIGATION. There is no suit, action, arbitration or legal, administrative or other proceeding or governmental investigation pending or, to the actual knowledge of Donor, threatened, against or affecting Donor with respect to the Property. e.) NO CONDEMNATION NOTICE. Donor has not received any notice of condemnation proceedings against the whole or any part of the Property. f) NO WASTE. Except as identified in the Environmental Reports, the Property, to Donor's actual knowledge, is free of Waste and Hazardous Substances except as may have been deposited on the Property by the Donee's stormwater system. Except as identified in the Environmental Reports, to Donor's actual knowledge, the soil and ground of the Property are free from any spills, deposits, contaminations or seepage of Waste and Hazardous Substances and free from any Release of any Waste and Hazardous Substances except as may have been deposited on the Property by the Donee's stormwater system. g.) NO PETROLEUM LEAKAGE. Except as identified in the Environmental Reports, to Donor's actual knowledge with respect to petroleum, natural gas, natural gas liquids, liquefied natural gas, and synthetic gas usable for fuel or mixtures thereof, the Property is free of such liquids, gases and substances and have not been used for the generation, treatment or disposal thereof except as may have been deposited on the Property by the Donee's stormwater system. Except as identified in the Environmental Reports, to Donor's actual knowledge, the soil and ground of the Property are free from any spills, deposits, contamination or seepage thereof and free from any Release of any Petroleum except as may have been deposited on the Property by the Donee's stormwater system. h.) NO BOUNDARY DISPUTES. Except for encroachments and other boundary issues that may be shown on the Survey and except for the encroachments identified in the Permitted Encumbrances, to Donor's actual knowledge, there are no boundary disputes relating to the Property. i.) NO UNRECORDED AGREEMENTS. There are no unrecorded agreements, covenants, leases, rights of first refusal or options to purchase concerning the Property, except for agreements to which Donee is a party. j.) NO PRIVATE SEWAGE SYSTEMS OR WELLS. To Donor's actual knowledge, there are no private sewage systems or wells located on the Property. k.) NO METHAMPHETAMINE PRODUCTION. To Donor's actual knowledge, no methamphetamine production has occurred on the Property. -7- As used in this Agreement, "Donor's actual knowledge" shall mean the actual knowledge of Donor's Director of Real Estate, without duty of inquiry or investigation. Donor's representations and warranties shall survive the closing of the transaction contemplated by this Agreement and shall not merge into the deed delivered at Closing. Donor's representations and warranties shall be deemed remade as of the Closing Date and, as so remade, shall survive the Closing Date for a period of six (6) months, and any claim arising out of a breach of any representation or warranty in this Agreement or any document referenced in this Agreement not asserted in an action filed and served on or before the expiration of such six (6) month period shall be barred and deemed waived. SECTION 11. DONEE'S WARRANTIES. Donee represents and warrants to Donor as of the Effective Date and the Closing Date as follows: a.) AUTHORITY. Donee has the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement. b.) NO OTHER APPROVALS NECESSARY. The Fridley City Council has approved the acceptance of the donation of the Property by Donor pursuant to a City Council Resolution, and no other approvals or consents are necessary in connection with this Agreement. Donee has taken all necessary action to authorize the execution of this Agreement and the consummation of the transactions contemplated hereby. c.) STORMWATER DRAINAGE. Pursuant to the Stormwater System Agreement, upon development of currently undeveloped property in Lot 3, Block 4, Commerce Park, according to the recorded plat thereof, Anoka County, Minnesota ("Undeveloped Property"), Donor, its successors and assigns shall be permitted to discharge stormwater from the Undeveloped Property to the stormwater pond located upon the Property to meet the stormwater management requirements of said development in accordance with City, state and local requirements. Donee further agrees that before, during and after the development of the Undeveloped Property, Donor, its successors and assigns shall have the right to drain stormwater from the Undeveloped Property into and through the City's storm water management, drainage, and treatment systems and improvements, stormwater conveyances, and components thereof located upon the Property in accordance with city, state and local requirements, consistent with the rights provided in that certain Permanent Storm Water Ponding, Drainage and Access Easement dated October 9, 2017 and filed with the Anoka County Registrar of Titles on November 17, 2017 as Document No. 2186633.001 (the "Permanent Easement Agreement"). d.) PERVIOUS SURFACE AND GREEN SPACE. Pursuant to the 1.0 Stormwater System Agreement, upon any future development of Donor's Property, the Property shall be counted as pervious surface and green space in any development calculations. Donee's representations and warranties shall survive the closing of the transaction contemplated by this Agreement and shall not merge into the deed delivered at Closing. SECTION 12. MISCELLANEOUS. a.) Headings. The headings in this Agreement are for convenience only and are not part of this Agreement and do not in any way limit or amplify the terms and provisions hereof. It is understood and agreed that this Agreement has been made following negotiation by the parties and it is, therefore, not to be construed against any party because of draftsmanship. b.) Modifications. All modifications to this Agreement must be in writing and signed by the parties hereto. c.) Severability. The invalidity or unenforceability of any term or terms of this Agreement shall not invalidate, make unenforceable or otherwise affect any other term of this Agreement, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted, and in such event, the remaining terms of this Agreement shall remain in full force and effect. d.) Governing Law. This Agreement shall be governed by and be construed in accordance with the laws of the State of Minnesota. e.) Computation of Time. In computing any period of time pursuant to this Agreement, the day of the act or event from which the designated period of time begins to run will not be included. The last day of the period so computed will be included, unless it is a Saturday, Sunday or legal holiday, in which event the period runs until the end of the next day which is not a Saturday, Sunday or legal holiday. f) Time of the Essence. All times, wherever specified herein for the performance by Donor or Donee of their respective obligations hereunder, are of the essence of this Agreement. g.) Assi ng meat. Neither party shall be entitled to assign or convey any interest in this Agreement to any third party, without first obtaining the prior written consent of the otherparty. h.) Counterpart Si ng ature. This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. W i.) Effect of Cancellation. If this Agreement is cancelled by any party for any reason, all prior agreements between the parties, including but not limited to the Stormwater System Agreement and the Permanent Easement, shall remain in full force and effect. SECTION 13. NOTICES. Any notices hereunder shall be deemed sufficiently given by one party to the other if in writing and if and when delivered or tendered either in person or by depositing it in the United States mail in a sealed envelope, by certified mail, return receipt requested, with postage and postal charges prepaid, addressed as follows: If to Donor: Ralcorp Frozen Bakery Products, Inc. 2021 Spring Road, Suite 600 Oak Brook, IL 60523 Michael D. Klemm Hellmuth & Johnson, PLLC 8050 West 78th Street Edina, MN 55439 If to Donee: Wally Wysopal, City Manager City of Fridley 6431 University Avenue NE Fridley, MN 55432 Jay P. Karlovich, City Attorney 633 South Concord Street, Suite 400 South St. Paul, MN 55075 or to such other address as the party addressed shall have previously designated by notice given in accordance with this Section. Notices shall be deemed to have been duly given on the date of service if served personally on the party to whom notice is to be given, or on the third day after mailing if mailed as provided above, provided, that a notice not given as above shall, if it is in writing, be deemed given if and when actually received by aparty. SECTION 14. AMENDMENT AND WAIVER. The parties hereto may by mutual written agreement amend this Agreement in any respect. Any party hereto may extend the time for the performance of any of the obligations of another, waive any inaccuracies in representations by another contained in this Agreement or in any document delivered pursuant hereto which inaccuracies would otherwise constitute a breach of this Agreement, waive compliance by another with any of the covenants contained in this Agreement, waive performance of any obligations by the other or waive the fulfillment of any condition that is precedent to the performance by the party so waiving of any of its obligations under this Agreement. Any agreement on the part of any party for any such amendment, extension or waiver must be in writing. No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provisions, whether or not -10- similar, nor shall any waiver constitute a continuing waiver. SECTION 15. FORBEARANCE OF MARKETING. Donor agrees that from the Effective Date through the last day of the Due Diligence Period, Donor will not market the Property or offer the Property for sale to any party other than Donee. [the remainder of this page has been intentionally left blank] -11- DONOR: RALCORP FROZEN BAKERY PRODUCTS, INC. By: Its: DONEE: CITY OF FRIDLEY By: Scott J. Lund Its: Mayor ATTEST: By: Deb Skogen Its: City Clerk -12- EXHIBIT A DEFINITIONS L CLOSING. "Closing" shall mean the closing of the transaction contemplated by this Agreement. 2 CLOSING DATE. "Closing Date" shall mean December 20, 2018, unless otherwise mutually agreed by Donor and Donee. 3. CLOSING DOCUMENTS. "Closing Documents" shall mean and comprise the following: a.) A Limited Warranty Deed conveying marketable title to the Property to Donee, subject to the Permitted Encumbrances. b.) An Access Easement Agreement by Donor in favor of Donee granting a 50 -foot wide easement over a portion of the Undeveloped Property to provide vehicular and pedestrian ingress and egress between the Property and Commerce Lane NE as reasonably necessary in connection with the construction, maintenance, repair, replacement and operation of the stormwater improvements located upon the Property, in a form to be provided by Donor. c.) An affidavit by Donor of no judgments, no tax liens and no unrecorded interests. d.) An affidavit by Donee that there has been no labor or materials furnished for which mechanic liens can be filed with respect to any labor or materials ordered by Donee. e.) A Well Disclosure Certificate or a well disclosure statement on the Limited Warranty Deed, as applicable. f) A "bring down certificate" by Donor certifying that the warranties and representations of Donor contained in this Agreement are true in all respects at and as of the Closing Date as though such representations, warranties, covenants and agreements were made at and as of the ClosingDate. g.) A Closing Statement prepared by Title Company to be executed by Donor, Donee, and Title Company at the Closing that accurately describes the economic terms of transaction described this Agreement. h.) All other documents affecting title to and possession of the Property and necessary to transfer or assign the same to Donee. 4, CLOSING LOCATION. "Closing Location" shall mean the office of DCA Title located at 7373 147th Street West, Suite 161, Apple Valley, MN 55124. 5. CONSTRUCTION DEBRIS. "Construction Debris" means construction debris as defined by Minn. Stat. § 115A.03. 6. CONTAMINANTS. "Contaminants" means contaminants as defined by Minn. Stat. � 11513.02. 7. DEMOLITION DEBRIS. "Demolition Debris" means solid waste resulting from the demolition of buildings, roads, and other man-made structures including concrete, brick, bituminous concrete, untreated wood, masonry, glass, trees, rock, and plastic building parts. & DUE DILIGENCE PERIOD. "Due Diligence Period" shall mean a period of thirty (30) days from and after the Effective Date. 9 ENVIRONMENTAL LAWS. "Environmental Laws" shall mean all federal laws and regulations that protect or regulate the environment, including, but not limited to, the Clean Air Act, 42 U.S.C. § 7401 et seq.; the Clean Water Act 33 U.S.C. § 1251 et seq., and the Water Quality Act of 1987; the Federal Insecticide Fungicide, and Rodenticide Act ("FIFRA"), 7 U.S.C. § 136 et seq., the Marine Protection Research, and Sanctuaries Act, 33 U.S.C. § 1401 et seq.; the National Environmental Policy Act, 42 U.S.C. § 4321 et seq.; the Noise Control Act, 42 U.S.C. § 4901 et seq.; the Occupational Safety and Health Act, 29 U.S.C. § 651 et seq.; the Resource Conservation and Recovery Act ("RCRA"), 42 U.S.C. § 6901 et seq. as amended by the Hazardous and Solid Waste Amendments of 1984; the Safe Drinking Water Act, 42 U.S.C. § 3001 et seq.; the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"), 42 U.S.C. § 9601 et seq. as amended by the Superfund Amendments and Reauthorization Act, the Emergency Planning and Community Right -To -Know Act, and Radon Gas and Indoor Air Quality research Act; the Toxic Substances Control Act ("TSCA"), 15 U.S.C. § 2601 et seq.; the Atomic Energy Act, 42 U.S.C. § 2011 et seq., and the Nuclear Waste Policy Act of 1982, 42 U.S.C. § 2011 et seq., all as may be amended, with implementing regulations and guidelines. Environmental Laws shall also include The Minnesota Environmental Response and Liability Act ("MERLA") and state, regional, county, municipal, and other local laws, regulations, and ordinances insofar as they are equivalent or similar to the federal laws recited above or purport to regulate Waste or Petroleum. 10. ENVIRONMENTAL REPORTS. "Environmental Reports" means any report produced to the Donee as the result of an environmental site assessment conducted by the Donee. 1L HAZARDOUS SUBSTANCE. "Hazardous Substance" means any of the following: a.) Any commercial chemical designated pursuant to the Federal Water Pollution Control Act, under United States Code, title 33, Section 1321(b)(2)(A). b.) Any hazardous air pollutant listed pursuant to the Clean Air Act, under United States Code, title 42, section 7412. c.) Any hazardous substance, pollutant or contaminant regulated under the Comprehensive Environmental Response Compensation and Liability Act as amended, 42 U.S.C. 9601 et. seq. (CERCLA); and hazardous substance, pollutant or contaminant regulated under similar Minnesota environmental laws. d.) Any hazardous waste under Minnesota laws. e.) Pesticides regulated under the Federal Insecticide, Fungicide and Rodenticide Act, as amended, 7 U.S.C. Section 136 et. seq. (FIFRA). f.) Asbestos, polychlorinated biphenyls (PCBs), toxic substances, and other substances regulated under the Toxic Substances Control Act, as amended, 15 U.S.C. section 2601 et. seq. (TSCA). g.) Source material, special nuclear material, by product materials, any other radioactive materials or radioactive wastes however produced, regulated under the Atomic Energy Act, as amended, 42 U.S.C. section 2011 et. seq. or the Nuclear Waste Policy Act of 1982, as amended, 42 U.S.C. section 10101 et. seq. h.) Industrial process and pollution control wastes, which are hazardous within the meaning of the Resource Conservation And Recovery Act, as amended 42 U.S.C. Section 6901 et. seq. (RCRA). i.) Any hazardous material under the Hazardous Materials Transportation Act, 49 USCS Appx. Section 1801 et. seq. j.) Any hazardous material listed in Code of Federal Regulation Title 49, Section 172.101. k.) Any pollutant or contaminant as defined by 42 U.S.C. Section 9601. 12 HAZARDOUS WASTE. "Hazardous Waste" means hazardous waste as defined by Minn. Stat. § 11513.02. 13. INDUSTRIAL SOLID WASTE. "Industrial Solid Waste" means industrial waste as defined by Minn. Stat. § 115A.03. 14, MIXED MUNICIPAL SOLID WASTE. "Mixed Municipal Solid Waste" means mixed municipal solid waste as defined by Minn. Stat. § 115A.03. 15. PERMITTED ENCUMBRANCES. 'Permitted Encumbrances" shall mean and comprise the following: a.) Building and zoning laws, ordinances, state and federal regulations. b.) Minerals and mineral rights reserved by the State ofMinnesota. c.) Any defects or encumbrances on the Property to which Donee does not submit a written Title Objection within the time allowed by this Agreement, or any defect or encumbrance that is waived by Donee in accordance with the terms of this Agreement. 16. PETROLEUM. "Petroleum" means any of the following: a.) Gasoline. b.) Fuel oil. c.) Kerosene. d.) Any petroleum distillate. e.) Any petroleum residual. f) Diesel fuel. g.) Oil. h.) Ethanol. 17. POLLUTANTS. "Pollutants" means pollutants as defined by Minn. Stat. § 115B.02. 18 PROPERTY. "Property" shall mean that certain 1.33 acres of land located in the City of Fridley, County of Anoka, Minnesota legally described on the title commitment attached as Exhibit B, which exhibit is incorporated by reference. The Property shall also include all of the right, title and interest of the owner of the property in and to any easements, rights of way, privileges, appurtenances, and right to the same belonging to or inuring to the benefit of the Property. 19 RELEASE. "Release" means any spilling, leakage, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, or disposing into the environment of any Waste, Hazardous Substance, Petroleum or pollutant or contaminant as defined by 42 U.S.C. Section 9601. 20. SEWAGE SLUDGE. "Sewage Sludge" means sewage sludge as defined by Minn. Stat. § 115A.03. 2L SOLID WASTE. "Solid Waste" means solid waste as defined by Minn. Stat. § 115A.03. 22. TITLE COMPANY. "Title Company" means DCA Title. 23. WASTE. "Waste" means any and all of the following: a.) Hazardous substances. b.) Hazardous waste. c.) Pollutants. d.) Contaminants. e.) Construction debris. i) Demolition debris. g.) Industrial solid waste. h.) Mixed municipal solid waste. i.) Solid waste. j.) Sewage sludge. EXHIBIT B TITLE COMMITMENT ALTA Commitment for Title Insurance ** Issued By Old Republic National Title Insurance Company * q * * * * * NOTICE IMPORTANT -READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the Commitment Conditions, Old Republic National Title Insurance Company, a Florida Corporation (the "Company"), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I—Requirements have not been met within 6 months after the Commitment Date, this Commitment terminates and the Company's liability and obligation end. This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions. Issued through the Office of ORT Form 4690 8-1-16 OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Stock Company 400 Second Avenue South, Minneapolis, Minnesota 55401 (612) 371-1111 By President Attest` Secretary COMMITMENT CONDITIONS 1. DEFINITIONS (a) "Knowledge" or "Known": Actual or imputed knowledge, but not constructive notice imparted by the Public Records. (b) "Land": The land described in Schedule A and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. (c) "Mortgage": A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law. (d) "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. (e) "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. (fl "Proposed Policy Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this Commitment. (g) "Public Records": Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. (h) "Title": The estate or interest described in Schedule A. 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company's liability and obligation end. 3. The Company's liability and obligation is limited by and this Commitment is not validwithout: (a) the Notice; (b) the Commitment to Issue Policy; (c) the Commitment Conditions; (d) Schedule & (e) Schedule B, Part I—Requirements; (fl Schedule B, Part II—Exceptions; and (g) a counter -signature by the Company or its issuing agent that may be in electronicform. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY (a) The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance to: (i) comply with the Schedule B, Part I—Requirements; (ii) eliminate, with the Company's written consent, any Schedule B, Part II—Exceptions; or (iii) acquire the Title or create the Mortgage covered by this Commitment. (b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. (c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. (d) The Company's liability shall not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed PolicyAmount. (e) The Company shall not be liable for the content of the Transaction Identification Data, if any. (fl In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part (— Requirements have been met to the satisfaction of the Company. (g) In any event, the Company's liability is limited by the terms and provisions of the Policy. This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions. ORT Form 4690 8-1-16 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. (b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment. (c) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (d) The deletion or modification of any Schedule B, Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. (fl When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company's agent for the purpose of providing closing or settlement services. 8. PRO -FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro -forma policy illustrating the coverage that the Company may provide. A pro - forma policy neither reflects the status of Title at the time that the pro -forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions. ORT Form 4690 8-1-16 Issuing Agent: DCA Title File No. 18-040016 RC Property Address: XXXX, Fridley, MN 55432 Revision No. 2 Schedule A ALTA COMMITMENT 1. Commitment Date: 7/29/2018 AT 7:30 A.M. 2. Policy to be issued: (a) 2006 ALTA Owner's Policy Proposed Insured: City of Fridley Proposed Policy Amount: $100,000.00 (b) 2006 ALTA Loan Policy Proposed Insured: Proposed Policy Amount: $ (c) ALTA Policy Proposed Insured: Proposed Policy Amount: $ 3. The estate or interest in the Land described or referred to in this Commitment is fee simple. 4. Title to the estate or interest in the Land is at the Commitment Date vested in: Lofthouse Bakery Products, Inc. 5. The Land is described as follows: That part of Lot 3, Block 4, Commerce Park, according to the recorded plat thereof, Anoka County, Minnesota, which lies east of a line beginning at a point on the north line of said Lot 3 being 205.00 feet east of the northwest corner of said Lot 3; thence southerly to a point on the south line of said Lot 3 being 125.00 feet east of the southwest corner of said Lot 3 and which lies northwesterly of the following described line: Commencing at the northeast corner of said Lot 3; thence North 89 degrees 55 minutes 02 seconds West, along the north line of said Lot 3, a distance of 537.88 feet to the point of beginning; thence South 00 degrees 22 minutes 42 seconds East a distance of 93.85 feet; thence South 30 degrees 58 minutes 03 seconds West a distance of 40.92 feet; thence South 73 degrees 57 minutes 03 seconds West, a distance of 129.69 feet; thence South 11 degrees 48 minutes 23 seconds West a distance of 102.57 feet; thence South 01 degree 22 minutes 32 seconds West a distance of 133.70 feet to the south line of said Lot 3 and said line there terminating. Except the south 25.00 feet thereof. Abstract Property. Non-residential (all other) This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I Requirements; and Schedule B, Part II ORT Form 4690 8-1-16 Exceptions. Old Republic National Title Insurance Company 10I:48W Tiii[-VI WNM[:1 File No. 18-040016 RC Revision No. 2 Schedule B -I ALTA COMMITMENT Requirements All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 5. Record a Certified copy of the Name Change from Lofthouse Bakery Products, Inc. to Ralcorp Frozen Bakery Products, Inc. 6. Warranty Deed from Ralcorp Frozen Bakery Products, Inc. to City of Fridley. 7. A party that is a Corporation must submit the following for review: a) Articles of Organization b) Proof of filing in the office of the Secretary of State and good standings c) Corporate Resolution Authorizing Sale or Purchase d) Corporate Resolution Authorizing ability to sign 8. Identification will be required from all parties required to sign documents at closing. 9. Provide DCA Title with a Well Disclosure Certificate or the conveyance documents must contain the following language: THE SELLER CERTIFIES THAT THE SELLER DOES NOT KNOW OF ANY WELLS ON THE DESCRIBED REAL PROPERTY. 10. Your attention is drawn to Standard Exception B. This exception may be waived upon receipt of information as to the identity of parties in possession. 11. Your attention is drawn to Standard Exception C (Mechanic's Liens). This exception will be waived upon receipt of the buyer's/seller's affidavit stating that no labor or materials have been furnished to the premises within the past 120 days. If any improvements have been made within the past 120 days, we require: A. A Sworn Construction Statement listing all subcontractors and companies from which supplies were purchased, showing the amount paid and/or owed. B. Lien Waivers from all subcontractors. C. Lien Waivers or satisfactory paid receipts from all companies from which supplies were purchased. To avoid delays in closing, this information must be given to us at least 3 business days prior to closing. 12. Standard Exception A (Survey Exception) will be waived if we are supplied with an ALTA survey certified to DCA Title and all issues raised by the survey are resolved to our satisfaction. ORT Form 4690 8-1-16 13. Inspection discloses vacant land. Your attention is drawn to Standard Exception(s) B and C. 14. DCA Title requires all proceeds to be "Collected Funds". Proceeds must be received by wire and credited to DCA Title's escrow bank account, before the closing can be completed and funds disbursed. 15. NOTE: Searches indicate there are no open Mortgages. Please notify DCA Title if this is incorrect. This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I Requirements; and Schedule B, Part II Exceptions. 10I:48W Tiii[-VI WNB[:1 File No: 18-040016 RC Revision No. 2 Schedule B -II ALTA COMMITMENT STANDARD EXCEPTIONS A. Facts which would be disclosed by a comprehensive survey of the premises described herein. B. Rights and claims of parties in possession. C. Mechanics', Contractors', or Materialmen's liens and lien claims, if any, where no notice appears of record. D. Easements, or claims of easements, not shown by the public records. Exceptions THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the Schedule B, Part IRequirements are met. 2. Taxes for the year 2018 in the amount of $9,223.47. First half taxes are paid. (Base Tax amount $9,223.47.) (Tax No. 10-30-24-14-0058.) Taxes for the year 2018 in the amount of $58,100.09. First half taxes are paid. (Base Tax amount $56,737.19.) (Tax No. 10-30-24-14-0060.) (Includes special assessments in the amount of $1,362.90.) NOTE: Anoka County tax records indicate property is non -homestead for taxes payable in the year 2018. (as to both Tax Nos.) NOTE: Taxes for the year 2017 and prior years are paid in full. (as to both Tax Nos.) NOTE: Minnesota property taxes are due on May 15th (first half) and October 15th (second half). NOTE: The above legal description constitutes a split of an existing tax parcel. Approval of the appropriate municipal offices for such a split to take place must be obtained and appear on the face of any instrument of conveyance or a certified copy of the resolution by the City must be submitted to the Company. NOTE: The taxes are currently assessed on the underlying legal description. An individual figure on a per parcel basis is not available as of the date of this commitment. (New Tax No. (Unavailable). ORT Form 4690 8-1-16 NOTE: The above described property is only a portion of the property covered by the Tax Parcel as charged in the Tax List. M.S.272.121 requires that the current years property tax on the whole parcel must be paid in full in order to transfer title to any portion of the whole parcel. NOTE: Levied and Pending Assessments will follow by endorsement. (as to both Tax Nos.) NOTE: No coverage is provided for municipal code compliance matters and fees including, but not limited to, utilities, right of way maintenance, water or sewer services, or fees for tree, weeds, grass and snow or garbage removal, police boarding, vacant building registration and zoning. 3. 25 foot Utility and Drainage Easement on South lot line(s), as shown on the recorded plat. 4. Permanent utility easement over the East 5 feet recorded in Book 735, page 603. 5. Electric Transmission Line Easement granted to Northern States Power Company recorded as Document No. 324811. 6. Electric Transmission Line Easement granted to Northern States Power Company recorded as Document No. 567222. 7. Electric Transmission Line Easement granted to Northern States Power Company recorded as Document No. 567223. 8. Modification of the above easement recorded as Document No. 1289733. 9. Easement taken by North Suburban Sanitary Sewer Authority by Final Certificate recorded as Document No. 964197 as amended by Document No. 989629. 10. Special Use Permit recorded as Document No. 961295. 11. Memorandum of Option and lease recorded as Document No. 1253421. 12. Amendment No. 1 to Memorandum of Option and Lease recorded as Document No. 1253422. 13. Notice of Exercise of Option recorded as Document No. 1277371. 14. Amendment No. 2 to Optional Lease Agreement recorded as Document No. 1289734. 15. Pipeline Easement granted to CenterPoint Energy Resources Corp. recorded as Document No. 2003418.002. 16. Final Certificate recorded as Document No. 2009163.001 (Parcel 103) 17. Agreement regarding Encroachment recorded as Document No. 2002235.013. 18. Agreement regarding Encroachment recorded as Document No. 2004350.010. 19. Agreement regarding Encroachment recorded as Document No. 2004533.001. 20. Permanent Storm Water Ponding Drainage and Access Easement recorded as Document No. 2186633.001. 101 :i a 7.7 I ii I-Vier:15 NEI 21. Totinos Finer Foods, Inc. was the fee owner of that part of Lot 3 lying North of the South 54.70 feet and east of a line. The Pillsbury Company conveyed the property to Salus Real Estate, Inc. by deed dated October 30, 1991 recorded December 31, 1991 as Document No. 960744. No name change documentation is of record. 22. Deco Pac, Inc. f k.a. McGlynn Bakeries, Inc. conveyed all of the property to McGlynn Bakeries, LLC by Quit Claim Deed dated December 31, 2000 recorded January 19, 2001 as Document No. 1545877. No name change documentation is of record. 23. NOTE: This Examination was made from our previous records and/or from the county records without the benefit of an updated Abstract of Title and/or Registered Property Certificate. DCA Title will not be responsible for the cost of updating the abstract/certificate. 24. NOTE: This Revision was prepared on August 20, 2018. 25. NOTE: To schedule a closing, please contact one of the following offices: Apple Valley: 952-432-5600; Mendota Heights: 651-455-4600; Hastings: 651-437-4900; Roseville: 651-203-1824 or Minneapolis: 612- 821-7591. 26. NOTE: If there are any questions concerning the exceptions on this commitment, please contact Darrell Jensen at 651-437-5600 ext. 241 or e-mail at d.tensengdcatitle.com. This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I Requirements; and Schedule B, Part II Exceptions. sp 10I:48W Tiii[-VI WNN[:1 Exhibit B Access Easement Agreement ACCESS EASEMENT AGREEMENT THIS ACCESS EASEMENT AGREEMENT ("Agreement") is made, executed and effective the day of , 2018, by and between Ralcorp Frozen Bakery Products, Inc., a Delaware corporation (hereinafter referred to as "Grantor") and the City of Fridley, a municipal corporation organized under the laws of the State of Minnesota (hereinafter referred to as the "City"). WHEREAS, Grantor conveyed certain real property to the City (hereinafter defined and legally described as the "Benefitted Parcel") located in the City of Fridley, County of Anoka, State of Minnesota. WHEREAS, Grantor and City wish to enter into an agreement which will grant to City an easement for access and ingress and egress on, over, through and upon the Easement Area (hereinafter defined and legally described as the "Easement Area") for the benefit of the Benefitted Parcel to allow City to access its storm water pond located on the Benefitted Parcel. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, the undersigned agree to the grant and creation of the easement (the "Easement") as herein set forth: 1. Benefitted Parcel: The "Benefitted Parcel" is defined and legally described as follows: That part of Lot 3, Block 4, Commerce Park, according to the recorded plat thereof, Anoka County, Minnesota, which lies east of a line beginning at a point on the north line of said Lot 3 being 205.00 feet east of the northwest corner of said Lot 3; thence southerly to a point on the south line of said Lot 3 being 125.00 feet east of the southwest corner of said Lot 3 and which lies northwesterly of the following described line: Commencing at the northeast corner of said Lot 3; thence North 89 degrees 55 minutes 02 seconds West, along the north line of said Lot 3, a distance of 537.88 feet to the point of beginning; thence South 00 degrees 22 minutes 42 seconds East a distance of 93.85 feet; thence South 30 degrees 58 minutes 03 seconds West a distance of 40.92 feet; thence South 73 degrees 57 minutes 03 seconds West, a distance of 129.69 feet; thence South 11 degrees 48 minutes 23 seconds West a distance of 102.57 feet; thence South 01 degree 22 minutes 32 seconds West a distance of 133.70 feet to the south line of said Lot 3 and said line there terminating. Except the south 25.00 thereof. 2. Easement Area: The "Easement Area" is defined and legally described as follows: The Southerly 25.00 feet of Lot 3, Block 4, Commerce Park, Anoka County, Minnesota, lying east of the Benefitted Parcel and lying west of the west right-of-way line of Commerce Lane NE as dedicated by the plat of Commerce Park. AND The Northerly 25 feet of Lot 4, Block 4, Commerce Park, Anoka County, Minnesota, lying east of the Benefitted Parcel and lying west of the west right-of-way line of Commerce Lane NE as dedicated by the plat of Commerce Park. 3. Grant of Easement: Grantor hereby conveys and grants to City and its successors, assigns and contractors a non-exclusive Easement for access and ingress and egress purposes on, over, through and upon the Easement Area according to the terms hereof. The City hereby accepts such Easement and the duties and restrictions contained herein. 4. Purposes and Uses of Easement: The purpose of this Easement is to permit the City and its successors, assigns, and contractors to use the Easement Area for access and ingress and egress to the City's storm water pond located on a portion of the Benefitted Parcel in the event the City needs to access the City storm water pond area to construct, inspect, maintain, replace and/or repair the storm water pond. 5. Restrictions on Use: The City shall only use the Easement Area when the City has the need to construct, inspect, maintain, repair and/or replace the City's storm water pond or restore the Easement Area. Only vehicles owned by the City or owned by contractors hired by the City may travel on the Easement Area. This Easement -2- does not create a public right of way; it only creates a limited access route for the City and its contractors for the purposes above stated. 6. Benefited Parties: The Easement created herein is for the sole benefit of the City, its successors, assigns and contractors. The City agrees to adhere to the terms and conditions stated herein, and the City shall cause its successors, assigns and contractors to adhere to the terms and conditions stated herein. 7. Restoration of Easement Area: If the City or its contractors use the Easement Area and the surface within the Easement Area is disturbed, the City, at its sole cost and expense, shall restore the Easement Area to substantially the same condition that existed prior to the Easement Area being used by the City or its contractors. All restoration work shall be completed as soon as practical. The City shall perform restoration to achieve a quality of restoration consistent with the surrounding property and the use thereof. 8. Duration of Easement: The Easement created hereby is perpetual and runs with the Benefitted Parcel. 9. Relocation of Easement: The Grantor and the City are parties to that certain Agreement for the Construction of Specific Stormwater System Improvements in the Oak Glen Creek Subwatershed, City of Fridley Projects 17-446 and 17-516, dated September 19, 2017 (the "Stormwater System Agreement"). The City constructed the storm water pond on the Benefitted Parcel as part of the Project pursuant to said Stormwater System Agreement. A 60" storm trunk line, which drains into the storm water pond on the Benefitted Parcel, is located within the Easement Area as defined in this Access Easement Agreement. Section VIII of the Stormwater System Agreement provides, in pertinent part, as follows: In the event that relocation or modification of a portion of the Project improvements or permanent easements is found to be beneficial to either party, both parties will evaluate their benefit and cooperate in effecting said relocation or modification. In the future, if the relocation [ofJ the existing 60" storm trunk line is financially feasible, the parties agree to cooperate in effectuating said relocation. Said relocation or modification is subject to approval of the new location by both parties, which approval shall not be unreasonably withheld. -3- The Grantor and the City hereby acknowledge and agree that the location of the Easement Area as defined in this Access Easement Agreement shall be subject to relocation pursuant to Section VIII of the Stormwater System Agreement. 10. No Unreasonable Interference: The City's use of the Easement Area shall not unreasonably interfere with Grantor's ability to use the Easement Area. 11. Binding Effect: The terms and conditions of this Agreement shall be binding upon the parties, their successors and assigns. 12. Indemnification of Grantor: The City hereby agrees to indemnify, defend and hold Grantor and its successors and assigns harmless against and in respect of any and all claims, demands, actions, suits, proceedings, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including interest, penalties and reasonable attorneys' fees, in an amount not to exceed the maximum liability limits of Minn. Stat. § 466.04, that Grantor or its successors and assigns incur or suffer, which arise out of, result from or relate to the use of the Easement Area by the City and its successors, assigns and contractors, except to the extent the claims, demands, actions, suits, proceedings, losses, costs, expenses, obligations, liabilities, damages, recoveries and deficiencies arise out of, result from or relate to Grantor's negligence. [Signature pages follow] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the day and year aforesaid by their duly authorized representatives. CITY: CITY OF FRIDLEY Scott J. Lund, Mayor ATTEST: Deb Skogen, City Clerk (CITY SEAL) STATE OF MINNESOTA ) ss. COUNTY OF ANOKA ) On this day of , 2018, before me a Notary Public within and for said County, personally appeared Scott J. Lund and Deb Skogen, to me personally known, who being each by me duly sworn, each did say that they are respectively the Mayor and City Clerk of the City of Fridley, the municipality named in the foregoing instrument, and that the seal affixed to said instrument was signed and sealed on behalf of said municipality by authority of its City Council and said Mayor and City Clerk acknowledged said instrument to be the free act and deed of said municipality. Notary Public -5- GRANTOR: RALCORP FROZEN BAKERY PRODUCTS, INC. Its: STATE OF ss. COUNTY OF On this day of 2018, before me a Notary Public within and for said County, personally appeared to me personally known, who being by me duly sworn, did say that he/she is the of Ralcorp Frozen Bakery Products, Inc, a Delaware corporation, and that the foregoing instrument was executed on behalf of Ralcorp Frozen Bakery Products, Inc. by authority of the Board of Ralcorp Frozen Bakery Products, Inc. Notary Public THIS INSTRUMENT WAS DRAFTED BY: Jay P. Karlovich, City Attorney LeVander, Gillen & Miller, P.A. 633 South Concord Street, Suite 400 South St. Paul, MN 55075 (651) 451-1831 So AFTER RECORDING, PLEASE RETURN TO: Jay P. Karlovich, City Attorney LeVander, Gillen & Miller, P.A. 633 South Concord Street, Suite 400 South St. Paul, MN 55075 (651) 451-1831