2.0. SR 04-30-19967~
7 ~- -~ -aa.
HERITAGE LANDING
30 April 1996
Tax Board of Review
Sherburne County Courthouse
Elk River, Minnesota.
Board:
We would like the b0a~'d to review the tax base on the 3-acre
parcel #75-131-2301. We ,,~rchased the property Dec 31 1995 and
expected the valuation to ~ecrease. The proferty was listed for
sale for over 6 months, is currently undevelopable because it
lies within the boundarie~ of the Unban service area of the City
of Elk River, and no deve ~pment may take place without water and
sewer services to the pro~ ~rty. None are planned at this time.
Attached are real estate ~'~ansaction documents.
T a~k you for concider, ing
~ennis G'M Chuba
o-owner.
this matter,
Elk River, MN 55330 · Phone (612) 441-4488
MINNESOTA Department of Revenue
Certificate of Real Estate Value
Buyers' last namels), first, middle initial
Kincanon, Richard F.
Chuba, Dennis G.
Address
317 Main st.
Elk River, Mn 55303
Daytime phone
Daytime phone
Sellers' last name(s), first, middle initial New address
One Edge Way
Shay, Timothy D. and Jennifer Northboro, Ma 01532
Street address or rural route of properly purchased City or township County
xxx Highway 10 ElK River Sherburne
~'~] Dote of deed or controcl Legal descriplion of property purchased (lot, block and phi, or attach 3 copies of the legal description}
11/22/95 see attached
Financial arrangements Wa, p, ersona properly such as furniture inventory or equipment included in the pu[~chase, pr, ice? If yes, [] yes ~ no
~ Joia[ purchase price describe below and list current (not rep ocement value.(Ose the back of th s page iT neeaea.
45,000.00 $ $
~'] Down payment
15,00Q.00 $ $
~t, Points or prepaid interesl paid by seller
$ $
Type of acquisition (check all that apply)
Buyer and seller a~e relalives or hansaclion involved the trade of
rela,ed bust ....... [ I propa,,y
Property is a gift or inherilance ~] Buyer is a religious or charitable
organization
~ Type of property transferred (check all that apply)
[] Land only [] Land and buildings
Total personal property
current value:
~S
Buyer is a unit of government
Condemnation or Ioredosure
lransaclion
Payotf or resale of contract
] Construction of a new building
afle,' Jonuae/1 of year of sole
[ZI N .... tided ~o or cc-owner' ......
removed from deed (not o sole)
] Buyer purchased parlial interest only
[] Purchase a~,reement si~ned over two
years ago.lear sJgnea:
~ Planned use of property (check one)
] Residential single family If you check one of lhe four boxes be(ow, you must complele schedule PE-20A and altach it 1o this certificate.
[-~ Residential duplex, lriplex [~J Agricultural Itype o~ bust .....
(number of acres:) ~ ___ J~J Commercia~-induslrial
] Cabin or recreational
( .......... iai) [] Apartment building [] Olher (describe:)
(number of units:)
Will Ibis properly be Ihe buyer's principal residence?[~j yes J._~] no
Method of financing (complete only if seller-financed, including a contract for deed or assumed mortgage)
Check: Me,gage or conlract for deed Monthl~ paymenl for Inlerest role Total number Dale of any lump sum
Assumed Conlracl amount at purchase pdncipalandinteresl now in effect ofpoymenls (balloon) payments
Morlgoge for Deed
I declare thai lhe information on Ibis form is true, cor~ectJand complete lo the best gf my'~nowledge and belief. _
A .... I ~ii!~]e ICER I~RP RIM I Use I Deed tYr ]Land ' (Bid9
~-.__L__ ~- [ ~ ~ [ ..... J -__ .... ~ Secondary parcel idenlificalion #
Good for study ~.] yes~ no I~ no, give reason/code b
x H~ §f I A,Ji~ jAdi; ....... US,, Tillable EMV Api-- -- ['FM--c
d
Are there more porc.ls~ y.s [] no []
S~ock No 6000~00
Irev' 7/951 DEPARTMENT OF REVENUE COPY 0 0 3 8 8 5
~ Buyers' 50¢i~1Se¢urit~ numbers (or ~irmesok= or federal I.D. numbers) [] Seller*' ~xial Sec~rily numbers (or Minnesota er federal I.D. n~mbers)
3
3
Stock No. 6000400
Jrev. 7/95)
DEPARTMENT OF REVENUE COPY
003885
A. Settlement Statement u.s. Department of Housing ~t~
and Urban Devaiopman, lr
Universal Title
: OMB No. 2502-0265
B, Type of Loan
1. I--I FHA 2. [] FmHA 3. [] Conv. Unlns. 32-47973
4. [] VA 5. [] Cony. Ins.
C. Note: This form is furnished to give you a statement ut actual seffiement costs. Amounts paid to end by the setflemant agent are
shown. Items marked #(p.o.c.)' were paid outside the closing; they are shown here for Infomlational purposes and ars not
Induded In the totals.
Richard F. Kincanon Timothy D. Shay
Dennis C. Chuba Jennifer Shay
317 Main ST. One Edge Way
Elk River, Mn 55330 Northbora, MA 01532
TIN-032-38-3847
S. Property Localio~ H. Settlement Agent Universal Title
xxx Highway 10 TIN-95-2566122
Elk River, Mn 55330 p~olseak, ment I. Seflmm,ntO~,
Sherburne County, Mn 200 Coon Rapids Boulevard, 9230 12/26/95
Coon Rapids, Minnesota 55433
J. Summer)' of Bo~Gwer'a Transaction K. Summer), of Seller'8 Transsctlon
100. Gross Amount Due From Borrower
101. Contract sales price 4 5,0 0 ~). 0 0 400. Gross Amount Due To Seller
401. Contract sales prise 4 5,0 0 0.0 0
102. Personal property 402. Pemonal propert),
103. settlement charses to borrower {line 1400) 2 9 7.0 0 403.
104. 404.
105. 405.
Adjustments for Items paid by seller In advance Adjustments for Items paid by seller In advance
106. Clt,//town taxes to 406. City/town taxes to
107. Countytaxas 12/26/95 to 12/31/95 31.59 407. County taxes 12/26/95 to 12/31/95 31.59
[ 08. Assess~-,ents to 408. Assessments to
109. 409.
110. 410.
111. 411.
112. 412.
120. Gross Amount Due From Borrower 4 5,3 2 8.5 9 420. Gross Amount Due To Seller 4 5,0 31.5 9
200. Amounts Paid B), Or In Behalf Of Bon'ower 500. Reductions In Amount Due To Seller
201. Deposit or earnest money 5 0 0.0 0 501. Excess deposit (see instructions)
202. Principal amount of new loan{s) 502. Settlement char~es to seller Iline 1400) 4,9 61.8 0
203. Existing loan{s) taken subject to 503. Exlstin~ loan{s) taken subject to
204. Contract for Deed 30,000.00 504. Payoff of first mortgage loan
205. 505. Payoff of second mort~la~e loan
206. 506. Contract for Deed 30,000.00
207. 507. 1995 taxes with penalty 2,152.64
208. 508. Express fee 20.00
209. 509.
Adjustments for Items unpaid by seller Adjustments for Items unpaid by seller
210. City/town taxes to 510. Clt~/town taxes to
;211. Count), taxes to 511. Count), taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517,
218. 518.
219. ~ 519.
37,134.44
3 0,5 0 0.0 0 520. Total Reduction Amount Due Seller
220. Total Paid By/For Borrower
300. Cash At Settlement Fron~'ro Borrower 600. Cash At Settlement To/From Seller
301. Gross amount due from borrcwer (line 120) 4 5,3 2 8.5 9 601. Gross amount due to seller {line 420) 4 5,0 3 1.5 9
302. Less amounts paid by/for borrower (line 220) ( 3 0,5 0 0.0 0 602. Less reductions In amt. due seller {line 520) 3 7,13 4.4 4
303. Cssh l~1 From r"l To Borrower 14,828.59 803. Dssh ~lTo []From Seller 7,897.15
Previous Edition · Ob~ol~;te FAST DATA SYSTEMS, INC. RESPA, HB 4305,2;
DCMU005C FDS {Rev. 12/92) 1-615-361-8404
EXHIBIT A
That part of the Southwest Quarter of the Northwest Quarter,
Section 31, Township 33, Range 26, Sherburne County, Minnesota
described as lying south of the South line of the right-of-way of
Uo S. Highways No. 10 and 52, and lying east of a line described
as: Commencing at the Southwest corner of said Southwest Quarter
of the Northwest Quarter thence east along the South line thereof
a distance of 643 feet to the actual point of beginning of the line
to be hereby described; thence north at right angles to intersect
with and terminate at said southerly line of the right-of-way of
U.S. Highways No. 10 and 52.
Together with an easement for driveway purposes in common with
others over and across a strip of land 66 feet in width, the
Northeasterly line of which is described as follows: Commencing at
a point on the Southwesterly right-of-way line of U.S. Highways No.
10 and 52 where the same intersects the West line of the Southwest
Quarter of the Northwest Quarter of Section 31, Township 33, Range
26, Sherburne County, Minnesota; thence Southeasterly along said
right-of-way line a distance of 424.25 feet to the actual point of
beginning of the line to be hereby described; thence continue
Southeasterly along said right-of-way line to intersect with and
terminate at a line drawn parallel with the West line of said
Southwest Quarter of the Northwest Quarter through a point on the
South line thereof a distance of 643 feet East of the Southwest
corner of said Southwest Quarter of the Northwest Quarter.
Sherburne County Abstract & Title Co.
COM M ITMENT
SCHEDULE B
Exceptions
The policy or policies to be issued will contain exceptions to the following unless
the same are disposed of to the s~tisfaction of the Company.
1. Special assessments levied .>r pending and special taxes, if any, not covered
herein.
Taxes for 1995 in the amount of $ 1,922.00 are not paid plus penalty on first
half. (Base tax amount $ 1,922.00) (Tax No. 75-131-2301).
NOTE: Sherburne County tax records indicate property is non-homestead for
taxes payable in the year 1995.
Terms and conditions of that: certain lease by and between Highway 10
Properties, as lessor, and Franklin Outdoor Advertising Co., as lessee, dated
November 5, 1986, filed October 16, 1987, as Document No. 212829. NOTE: Said
lease contins a right of first refusal.
Interest of Highway 10 Properties, shown as lessor in Document No. 212829.
Easement encumbering W 1/2 .~f NW 1/4 of Section 31, Township 33, Range 26, in
favor of Anoka County Coope33ative Light and Power Association, for Electric
Transmission Line purposes ~$ evidenced by Document recorded in Book N of
Miscellaneous Records, Page 42. A recordable partial release of easement must
be submitted prior to closi~g confining the easement so as not to affect any
improvements.
6. Ail minerals and mineral rights were reserved by State of Minnesota, in an
instrument filed as Document recorded in Book 65 of Deeds, Page 261.
7 o
Limitation of access and right to erect temporary snow fences acquired by the
State of Minnesota in Document recorded in Book N of Miscellaneous Records,
page 463.
8 o
The title of Richard K. Kin-zanon and Dennis G. Chuba is to be established of
record. Judgment, bankruptcy', state tax lien and federal lien searches have
been made and show as follows: None.
NOTE: If there are any qu~.stions concerning the exceptions under Schedule B
of this commitment, please ~all Cathy Mc Manus at 441-3280.
Commitment No. 16628
This commitment is invalid unless the Insuring Provisioz~s and Schedules A and B are attached.