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HomeMy WebLinkAboutAir Rights Easement ..' v Document Number Document Title :1323069 REGISTER'S OFFICE WINNEBAGO COUNTY, WI RECORDED ON 08/05/2004 10:12AM SUSAN WINNINGHOFF REGISTER OF DEEDS RECORDING FEE 11.00 TRANSFER FEE It OF PAGES 1 Air Rights Easement This AIR RIGHTS EASEMENT AGREEMENT is made and entered into by and between THE EXCLUSIVE COMPANY, ("Company"), with its principal offices located at 416 N. Main Street, Oshkosh, WI 54901, and the City of Oshkosh, a Wisconsin municipality, ("City"), with its principal offices located at 215 Church Avenue, P.O. Box 1130, Oshkosh, WI 54903- 1130. WHEREAS, the City of Oshkosh owns the Washington Avenue parking lot, generally located at the southwest corner of Washington Ave. and State St., in the City; and Recording Area Name and Return Address d~ I City Attorney's Office Oshkosh, WI 54903-1130 WHEREAS, The Exclusive Company plans for a renovation of its downtown facility, which includes an entrance located on the east side of its building at 318 N. Main Street, and said plans require a no-building encroachment easement, on the northwest corner of the Washington Avenue parking lot, described as follows: 902-0076-0100 Parcel Identification Number (PIN) The West 36.0 ft. of the North 67.46 ft. of Lot "0" in H. Priess Addition, in the 2nd Ward, City of Oshkosh, Winnebago County, Wisconsin, excepting therefrom the South 12.0 ft. of the North 37.48 ft. of the West 6.0 ft. of said Lot "0". NOW, THEREFORE, in consideration of the sum of One Dollar ($1.00) and other good and valuable consideration paid by the respective parties, the receipt of which is hereby acknowledged, the parties agree as follows: 1. The City covenants to The Exclusive Company that no building shall be constructed within the above described premises. 2. This Agreement shall be recorded and shall be construed as a covenant running with the land. This Agreement shall inure to the benefit of, and be binding upon the parties and their respective successors, grantees, lessees and assigns forever, and is not intended to create any benefit to anyone not an express party to this Agreement. Notice of assignment of this Agreement will be given to the other party, who must consent in writing within 14 calendars day of the notice; such consent shall not be unreasonably withheld. Upon assignment and acceptance by an assignees and consent of the other party, the assignor shall have no further obligations under this Agreement. 3. This Agreement shall terminate if the building at 318 N. Main Street is removed or the fire wall penetration sealed per the State of Wisconsin Building Code. 4. All notices concerning this Agreement will be in writing and sent by regular or certified mail, or personally delivered, to the parties at their respective addresses listed above, or such other address as the respective party may provide in writing. IN WITNESS WHEREOF, the parties have executed this Agreement on the dates written below and, by so executing, each of the parties warrants that it ssesses full right and authority to enter into this Agreement. ACKNOWLEDGMENT --- I STATE OF WISCONSIN) WINNEBAGO COUNTY /1 j II JI ..1