HomeMy WebLinkAboutAssignment of Parking Agreements
ASSIGNMENT OF PARKING AGREEMENTS
July
THIS AGREEMENT is made as of the l4thday of~ 1997, by MOBILIA, LTD.,
a Delaware corporation, ("Assignor") in favor of LAKE-STATE PROPERTIES, INC., a
Minnesota corporation, ("Assignee").
RECITALS:
A. Terry Evenson ("Evenson") and the Housing and Redevelopment Authority in and
for the City of Columbia Heights ("HRA") entered into a certain Management Agreement for
Parking Facilities and Lease of the plaza Property dated July 20, 1982, filed February 9, 1983,
as Document No. 607127 and Torrens Document No. 124953 (the "Management Agreement")
which, among other things, granted Evenson a leasehold interest and right of first refusal in
certain real property situated in Anoka county and described on Exhibit A attached hereto, and
the right to use and the option to purchase certain real property located in Anoka County and
described on Exhibit B attached hereto.
B. Pursuant to an Assignment of Management Agreement for Parking Facilities and
Lease of the Plaza Property dated June 27, 1988, Evenson assigned its rights in the Management
Agreement to Zaidan Holdings, Inc.
C. Assignor entered into a certain Agreement Between the City of Columbia Heights
and Zaidan Holdings, Inc. for the operation of the parking ramp dated June 30, 1988 (the
"Parking Ramp Agreement").
D. Pursuant to an Assignment of Management Agreement and Parking Facilities and
Lease of the Plaza Property dated March 10, 1995, a true and correct copy of which is attached
as Exhibit C hereto, Zaidan Holdings, Inc. assigned to Assignor all its right, title and interest to
the Parking Agreements (as defined below).
E. Assignor has agreed to assign to Assignee all of Assignor's right, title and interest
in, to and under the Management Agreement and all modifications thereof to the date hereof, and
under the Parking Ramp Agreement and all modifications thereof to the date hereof (collectively
referred to as the ("Parking Agreements").
F. The HRA's interest in the Parking Agreements has been assigned to the City of
Columbia Heights.
ASSIGNMENT:
In consideration of the foregoing, and for other good and valuable consideration, receipt
of which is hereby acknowledged:
1. Assignor hereby grants, assigns and transfer to Assignee all of Assignor's right,
title and interest in, to and under the Parking Agreements.
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2. Assignor covenants, represents and warrants as follows:
(a)
(b)
(c)
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Assignor has the right to assign and transfer the Parking Agreement in the
marmer aforesaid;
The Parking Agreements are in full force and effect upon the terms and in
the form set forth in the copies thereof delivered herewith, and have not
been modified or amended.
To Assignor's knowledge, no rate for parking charges has been established
with the HRA or its successors or assigns pursuant to the Parking
Agreements.
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IN WITNESS WHEREOF, Assignor has executed this Agreement the day and year first
above written.
STATE OF MINNESOTA
COUNTY OF 1&e?-'-'1~
)
) ss.
)
MOBILIA LTD.
~-, ~.' C'---
By/'" ....... ". ~-'')
Gordon A wsumb "
Its Assistant Secretary
The foregoing instrument was acknowledged before me this ':;3 day of Jliii~ 1997, by
Gordon Awsumb, the Assistant Secretary of Mobilia Ltd., on behalf of the corporation.
~ ~
~ BARBARA E. LANEY I
NOTARY PUBLIC. MINNESOTA
RAMSEY COUNTY
~ \,/ My Commission Explros Jan. 31, 2000
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Notary Ptiblic
Consent to Assignment: The City of Columbia Heights hereby consents to the assignments set
forth above, and further acknowledges and consents to a clarification that the term of the Parking
Agreements all expire on the later of the expiration of Part II of the Management Agreement and
the Parking Ramp Agreement.
July
Dated: Kml~..JA.., 1997
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CL160-70
By {].[k7.J?/jGfl//~
P Joseph Sturdevant
By ::i1/l..t
Walter F enst
Its City Manager
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STATE OF MINNESOTA )
) SS.
COUNTY OF ANOKA )
The foregoing instrument was acknowledged before me this 14th day of June, 1997, by
Joseph Sturdevant and Walter Fehst, the Mayor and City Manager, respectively, on behalf of the
City of Columbia Heights, Minnesota, a Minnesota municipal corporation.
Q. REBECCA S. TOWNSLEY ~~M y1. -'-Mif1~
<\: ". NOTARY PUBLlC.MINNESOTA N P bl'
cr. . ':. ANOKA COUNTY otary u lC
'. ' My Comm. Exp. January 31. 2000
This instrument drafted by:
O'Neill, Burke, O'Neill, Leonard & O'Brien
800 Norwest Center
55 E. 5th Street
St. Paul, MN 55101
SJB125157
CL160-70
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