RES 2026-16 Authorizing Release and Discharge of an Agreement for Outlot A Great River Centre of Otsego 7th AddnCITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2026-16
AUTHORIZING RELEASE AND DISCHARGE OF
AN AGREEMENT FOR
OUTLOT A, GREAT RIVER CENTRE OF OTSEGO SEVENTH ADDITION
WHEREAS, the City has been asked to release and discharge real property in Wright County, Minnesota, legally described as
set forth on attached Exhibit A; and
WHEREAS, the property is subject to an agreement between the City, Appello Group, LLC, and 215t Century Bank dated March
29, 2013, and recorded April 19, 2013 as Wright County Recorder Document No. A1234757; and
WHEREAS, all requirements of the aforementioned Agreement have been met as to the Property and there is no longer a
need to have the recorded against the Property; and
WHEREAS, the City Attorney has drafted Release of an Agreement for the Property from Document No. A1234757 attached
as Exhibit B.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
The Property described in Exhibit A is released and discharged from the Agreement recorded as Wright County
Recorder Document No. A1234757.
The Mayor and City Clerk are hereby authorized to execute release of the Agreement recorded as Wright County
Recorder Document Number A1234757 on behalf of the City of Otsego.
(remainder of page blank signatures follow)
ADOPTED by the Otsego City Council this 9th day of March, 2026.
MOTION BY: Dunlap
SECONDED BY: Lund
IN FAVOR: Stockamp, Dunlap, Goede, Lund, and Tanner
OPPOSED: none
CITY OF OTSEGO
q6n'M4�w�
Jessica L. Stockamp, Ma or
ATTEST:
Audra Etzel, City Clerk
EXHIBIT A
LEGAL DESCRIPTION
Outlot A, Great River Centre of Otsego Seventh Addition, Wright County, Minnesota, according to the
recorded plat thereof.
EXHIBIT B
(reserved for recording information)
RELEASE OF
AGREEMENT
RELEASE OF AGREEMENT granted this day of , 2026, by
the CITY OF OTSEGO, a Minnesota municipal corporation ("City").
WHEREAS, the City, Appello Group, LLC, a Minnesota limited liability company, and
215t Century Bank, a Minnesota corporation, entered into an Agreement dated March 29, 2013 and
recorded April 19, 2013 in the Office of the County Recorder, Wright County, Minnesota as
Document No. A1234757; and
WHEREAS, the City has been requested to release and discharge the property legally
described on Exhibit A ("Property") from the Agreement;
WHEREAS, all requirements of the Agreement have been met as to the Property and there
is no longer a need to have the Agreement recorded against the Property.
NOW THEREFORE, be it resolved by the City of Otsego, Minnesota:
The Property is released and discharged from the Agreement.
ADOPTED this day of , 2026.
[Remainder of the page is intentionally left blank.
Signature page is to follow.]
238632v1
CITY OF OTSEGO
(Seal)
6-0
STATE OF MINNESOTA )
ss.
COUNTY OF WRIGHT )
Jessica Stockamp, Mayor
Audra Etzel, City Cleric
The foregoing instrument was acknowledged before me this day of ,
2026, by Jessica Stockamp and Audra Etzel, respectively the Mayor and the City Clerk of the City
of Otsego, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the
authority granted by its City Council.
Notary Public
DRAFTED BY:
CAMPBELL KNUTSON,
Professional Association
Grand Oak Office Center I
860 Blue Gentian Road, Suite 290
Eagan, Minnesota 55121
Telephone: (651) 452-5000
AMP/sort
238632v1
EXHIBIT A
Outlot A, Great River Centre of Otsego Seventh Addition, Wright County,
Minnesota according to the recorded plat thereof.
0
2386320