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3.4. SR 02-06-2006 Item Description Consider Parking Easement Agreement with First National Bank of Elk River Item Number 3.4 Prepared by Heidi Steinmetz, Assistant Director of Economic Develo ment Reviewed by Catherine Mehelich, Director of Economic Develo ment City of Elk River REQUEST FOR COUNCIL ACTION Agenda Section Meeting Date Consent February 6, 2006 Introduction Construction of the King Avenue parking lot improvement project took place between the months of June-August 2005. The project accomplished the following: . Added about 70 spaces for downtown customers and employees with the removal of the Municipal Utilities building and the closure of the King Avenue access from Hwy 10 . The east side of the lot was seal coated and the entire lot was re-striped. . The area of the lot owned by First National Bank of Elk River, which includes twenty-three parking spaces and is located immediately adjacent to Main Street along side of the Elk River Meats building was included in the seal coating and re-striping portion of the project . The Street Department produced signage for the lot, identifying the lot as a public lot from Hwy 10 and Main Street and designating employee and public parking areas of the lot. Prior to the project commencing, community input was gathered. The King Avenue parking lot task force made up of downtown business and property owners and one downtown resident, held monthly meetings from January-May 2005. Task force recommendations regarding the project were accepted by the HRA in June of 2005. Discussion A Parking Easement Agreement between First National Bank of Elk River and the City was developed by the City attorney since First National owns the above referenced portion of the lot. The key requirement of the agreement is found on page 3 in Section 15, which requires the City to designate 23 parking spaces in the King Avenue parking lot for First National employees. Financial Impact MetroPlains Development, Downtown Revitalization Project developer, paid for the King Avenue parking lot improvement project, therefore covered the cost to improve the portion of the lot owned by First National. Attachments Parking Easement Agreement Action Requested The attached Parking Easement Agreement has been approved by First National Bank of Elk River and staff requests that the City Council consider approval and authorize staff to execute the agreement. Council Action Motion by _ Second by _ Vote Follow Up 70 1 --, --, I --, ~ ~ I ; I I l w J L ,:. => 0 z . w > I: z - Y: _ EMPLOYEE _ RESIDENT J _ PUBLIC { .. I ~? '-" ;~ MAIN STREET F~ P ARKING LAYOUT River ~re 11/30/2005 DRAWN BY: CML SCALE: NOT TO SCALE A PARKING EASEMENT AGREEMENT T day of RIVER, River, a ARKING EASEMENT AGREEMENT ("Agreement") is made as of this 1 , 20~y and among the FIRST NATIONAL BANK OF ELK ited State banking corporation (hereinafter called "Grantor"), and the City of Elk nicipal corporation (hereinafter called the "City"). WITNESSETH THAT: WHEREAS, Grantor is the owner of the property described as that part of Lots 1 and 2, Block 2 of the VILLAGE OF ELK RIVER, according to the recorded plat thereof, Sherburne County, Minnesota more particularly described Exhibit A attached hereto and incorporated herein (the "Grantor Property"); and WHEREAS, City is the owner of the property known as the King Street Right-of-Way, according to the recorded plat of the VILLAGE OF ELK RIVER, Sherburne County, Minnesota (collectively, the "City Property"); and WHEREAS, Grantor and City desire that there be located on the Grantor Property an easement for parking purposes as described herein; and WHEREAS, the parties hereto desire to evidence in writing the terms and conditions upon which said easement will be granted; and WHEREAS, in connection with the ownership and development of the Grantor Property and the City Property, Grantor and City desire to provide for non-exclusive easement appurtenant to the City Property as set forth below. NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Easement Grant. Subject to the conditions and limitations hereinafter set forth, Grantor hereby declares and grants for the benefit of the City Property a non-exclusive easement appurtenant to the City Property upon, over and across the parking area to be constructed on the portion of the Grantor Property shaded on Exhibit B and over and across the driveways on the Grantor Property reasonably necessary or appropriate for access to such parking area for the purpose of providing the owner of the City Property from time to time and the general public with vehicular (excluding construction vehicles) parking in the parking area designated on Exhibit B, pedestrian ingress and egress to, from and between the Grantor Property and the City Property and for use of the driveways on the Grantor Property for access to adjacent public roads. 2. Maintenance. The owner of the City Property shall construct, maintain, repair, replace, and keep the portion of the parking easement described in Paragraph 1 neat, orderly in condition and appearance, and in good repair, including snow removal. The driveways shall not be obstructed in any manner but shall be kept open at all times for the free use thereof. Each respective property owner shall comply with all laws, rules, regulations and requirements of public authorities relating in any manner whatsoever to the parking area and related access. 3. Duration. The easements, covenants, conditions and restrictions c~:mtained herein shall be perpetual (subject to the specific provisions and limitations hereof) and shall create mutual benefits and covenants running with the Property, and shall be binding upon any owner, tenant or occupant of the City Property and the Grantor Property and their respective legal representatives, heirs, successors and assigns. This easement may be terminated by Grantor by providing written notice to the City during the tenth year of the initial easement term or the tenth year of any subsequent renewal. The termination shall be effective upon the later of 1) the date 10 years after the date of this agreement or the applicable renewal; or 2) One year after the date of the notice. If the easement is not terminated the easement shall automatically renew for additional ten year terms until terminated by Grantor. Upon Termination the City agrees to execute any document necessary to clear this easement from the title to the Grantor Property. 4. Sole Ae:reement. Except as provided in Paragraph 3, this Agreement may not be amended or modified in any respect whatsoever except by an instrument in writing signed by all parties. This Agreement constitutes the entire agreement between the parties with respect to the easement set forth herein and supersedes all prior negotiations, discussions, writings and agreements between them in connection therewith except as set forth herein. 5. Not a Public Dedication. Nothing herein contained shall be deemed to be a grant or dedication of any portion of the Grantor Property to or for the general public or for any public purposes whatsoever, it being the intention of Grantor and City that this Agreement shall be strictly limited to and for the purposes herein expressed. 6. Attornevs' Fees. In the event of any controversy, claim or dispute relating to this Agreement, the prevailing party in a non-appealable judicial resolution of such controversy, claim or dispute shall be entitled to recover from the losing party reasonable expenses, attorneys' fees and costs. 7. Counterparts. This Agreement may be executed 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. 8. Applicable Law. This Agreement shall be governed by and construed m accordance with the laws of the State of Minnesota. 9. Partial Invaliditv. Should anyone or more of the provisions of this Agreement be determined to be invalid, unlawful or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby unless as a result the purpose and intent of this Agreement shall thereby be substantially and essentially impaired. In such event, the parties shall diligently proceed to revise this Agreement in order to rememorialize such purpose and intent. 10. Rie:hts Reserved. Grantor reserves and shall continue to enjoy the use of the Grantor Property for any purpose which does not interfere with or prevent the use of the easement herein granted, including the right to locate and relocate buildings, driveways, parking -2- areas (other than the one granted to City) and other improvements to be located upon the Grantor Property . 11. Construction Consent. Grantor hereby grants consent to the City for construction (and subsequent maintenance, repair or replacement) on Grantor's Property of the parking area crosshatched on Exhibit B attached hereto and incorporated herein by reference, provided such work is performed in such a manner as to interfere with Grantor's business operations on the Grantor Property as little as reasonably possible under the circumstances and provided such work is done in accordance with applicable building codes, laws, ordinances and regulations. All such work shall be performed at the City's sole cost and expense. The City shall indemnify and defend Grantor from and against any loss, claim, damage or expense arising out of any negligent or wrongful act of City, its agents, employees and contractors in the performance of such work. 12. Miscellaneous. Whenever a transfer occurs in the ownership of either the City Property or the Grantor Property, the transferor shall have no further liability for breach of covenant occurring thereafter. Each owner of the City Property and Grantor Property agrees to look solely to the owner of the other tract for recovery of any judgment from such owner, it being agreed that the partners, members, directors, officers, managers or shareholders shall never be personally liable for such judgment. The covenants and obligations of each owner set forth in this Agreement shall be binding upon such owner solely as the owner of their respective portion of the Property and shall be binding upon the owners of the parcels within the Property and their respective successors and assigns only as to such obligations arising during their respective periods of ownership of such respective parcels of the Property. 13. Notices. All notices to be given under this Agreement shall be given, in writing, by certified or registered mail to each owner at the address or addresses to which tax statements would be sent by the real estate taxing authority of Sherburne County, Minnesota, to the owner of each applicable portion of the Property. 14. Condemnation. In the event of condemnation of any of the easement rights granted herein, the owner of the dominant estate shall not make any claim for a taking of such easement rights unless such claim can be made without reducing the award to the owner of the servient estate below what it would be absent the claim by the owner ofthe dominant estate. 15. Desienated Spaces. During the term of this easement, the City agrees to reserve 23 designated parking spaces for the use of Grantor's employees in an area of the parking lot located on both the Easement Area and adjacent land owned by Grantee (as shown as Employee Parking on Exhibit B). Grantee may, from time to time, upon sixty days notice to Grantor move the designated Employee Parking spaces to other areas of the parking lot provided that they are still reasonably convenient to the Grantor Property. -3- IN WITNESS WHEREOF, City and Grantor have executed this Agreement as of the date set forth above. CITY OF ELK RIVER Stephanie Klinzing, Mayor Joan Schmidt, City Clerk STATE OF MINNESOTA ) ) ss. COUNTY OF SHERBURNE) The foregoing instrument was acknowledged before me this _ day of _, 2005, by Stephanie Klinzing and Joan Schmidt, the Mayor and City Clerk of the City of Elk River, a municipal corporation, on behalf of the corporation. Notary Public -4- STATE OF MINNESOTA ) ) ss COUNTY OF SHERBURNE) The fore:oing instrument was acknowledged before we this 5fh day o~ 20J. by qplln /1lJU/ Ivt7 , the vi CL tf!s;d~ of the FIRST NA TIONAL BANK OF ELK RIVER, a United States banking corporation, on behalf of the corporation. cSfaJ~~ Notary Puolic THIS INSTRUMENT WAS DRAFTED BY: Gray Plant Mooty (CDW) 500 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Phone: (612) 632-3000 GP:1717299 v4 -5- EXHIBIT A (Description of Grantor Property) Parcel # 75-405-0215 The southerly 70 feet of Lot 1 and the southerly 70 feet of the westerly 11 feet of Lot 2, all in Block 2, said distance being measured as being parallel with the southerly and westerly line of said lots, Village of Elk River, Sherburne County, Minnesota. Parcel # 75-405-0220 The north 49 feet of the south 119 feet of Lot 1 and the west 11 feet of the north 49 feet of the south 119 feet of Lot 2, Block 2, said distance being measured as being parallel with the southerly and westerly lines of said lots, Village of Elk River, Sherburne County, Minnesota. -6- EXHIBIT B (Depiction of Parking Easement Area) -7-