EXAMPLE
THIS AGREEMENT is made this _______ day of ___________, 20____ by and between the Valley Branch Watershed District, a political subdivision of the State of Minnesota ( “VBWD”) and _____________________________________ (a Minnesota corporation or an individual) (“Owner”).
RECITALS:
A. Owner owns certain real property situated in the city of ____________________, __________ County, Minnesota, legally described as follows:
(Type Legal Description Here)
(hereinafter referred to as “Property”)
B. As a condition of its approval of the development of the Subject Property, VBWD has required that the Owner enter into an agreement for the maintenance of the Stormwater Quality Treatment Facility for the Property (the “Facility”). The Facility is located within the boundaries of the Property on construction plans prepared by Owner.
C. The Owner desires to set forth its agreement with respect to the maintenance of the Facility and the cost of such maintenance.
NOW, THEREFORE, in consideration of the foregoing facts and circumstances, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: