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11/17/2025 - City Council - Regular - Agendas* The Consent Agenda lists those items of business which are routine, recommended for approval, and/or which need no discussion. The several separate items listed on the Consent Agenda are acted upon by one motion. There will be no separate discussion of these items unless a Council Member makes a request, in which event the item will be removed from the Consent Agenda and placed elsewhere on the regular agenda for Council discussion and action. ** Under Public Comment, individuals may address the City Council about any item not contained on the regular agenda. Each speaker should keep their statements to three minutes to allow sufficient time for others. The Council will take no official action on items discussed at the forum, except for referral to staff for future report. CITY OF SPRING PARK CITY COUNCIL AGENDA NOVEMBER 17, 2025 – 6:00 PM SPRING PARK CITY HALL 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. APPROVAL OF AGENDA 4. PUBLIC COMMENT** Those wishing to speak must state their name and address for the record. Each person will have three (3) minutes to make their remarks unless Council allows more time. Speakers will address all comments to the City Council as a whole and not one individual councilmember. The Council may not take action on an item presented during the Public Comment period. When appropriate, the Council may refer inquiries and items brought up during the Public Comment period to the City Administrator for follow-up. 5. REQUESTS & PRESENTATIONS: 6. CONSENT AGENDA* a. Regular City Council & Work Session Minutes – November 3, 2025 b. Approve Payroll, Expenditures, and Claims for Payment c. Special Event Permit #25-21: Back Channel Jingle Bar 12/2/25 -1/5/26 7. ACTION AGENDA a. Administrative Committee: Approve 2026 Merit and COLA increase for Staff b. Resolution #25-13: PHS Lake Minnetonka -Approving Termination of Pilot Agreement c. PHS Lake Minnetonka: Termination of Agreement for Payments in Lieu of Taxes 8. REPORTS a. Mayor & Council b. Staff 9. ANNOUNCEMENTS/MISCELLANEOUS (INFORMATION ONLY) a. November 27 & 28 – City Hall Closed for Thanksgiving Holiday b. December 1, 2025 – Regular City Council Meeting – 6:00PM c. December 10, 2025 – Planning Commission Meeting – 6:00PM d. December 15, 2025 – Regular City Council Meeting – 6:00PM e. December 15, 2025 – Council Work Session – 5:00PM 10. ADJOURNMENT All meetings of the Spring Park City Council are video recorded and available for viewing online at www.ci.spring-park.mn.us or Spring Park | Lake Minnetonka Cable Commission (lmcc-tv.org). Meeting minutes are intended to be a general synopsis of the meetings of the City Council. Additional detail regarding discussions and policy considerations is provided by watching the recording of the meeting. CITY OF SPRING PARK CITY COUNCIL MINUTES NOVEMBER 3, 2025 – 6:00 PM SPRING PARK CITY HALL 1. CALL TO ORDER The meeting was called to order at 6:00p.m. Council Present: Mayor Chase, Council Member’s Horton, Sippel, Suttle and Turner were present. Staff Present: City Administrator Anderson 2. PLEDGE OF ALLEGIANCE Mayor Chase led the audience to recite the Pledge of Allegiance. 3. APPROVAL OF AGENDA Council Member Sippel motioned, being seconded by Council Member Horton, to approve the agenda as presented. On vote being taken, the motion was unanimously approved. 4. PUBLIC COMMENT: none 5. REQUESTS & PRESENTATIONS: Met Council Update: Dr. Tyronne Carter and his team presented the Met Council’s Comprehensive Plan Update. Three Rivers Park District Update: Marge Beard provided an update on Three Rivers Park District. 6. CONSENT AGENDA* a. Regular City Council & Work Session Minutes – October 20, 2025 b. Approve Payroll, Expenditures, and Claims for Payment Council Member Sippel motioned, being seconded by Council Member Horton, to approve the consent agenda as presented. On vote being taken, the motion was unanimously approved. 7. ACTION AGENDA: None 8. REPORTS a. Mayor & Council: Council Member Horton asked if there should be a light on the top of the water tower. City Administrator Anderson stated there is but he will check to make sure it is not out. b. Staff: City Administrator Anderson reminded everyone of the brush cleanup day on Nov. 15th and City Hall Lighting on Dec. 11th. 9. ANNOUNCEMENTS/MISCELLANEOUS (INFORMATION ONLY) a. November 11, 2025 – Veteran’s Day – City Hall Closed b. November 12, 2025 – Planning Commission Meeting – 6:00PM c. November 17, 2025 – Regular City Council Meeting – 6:00PM d. November 17, 2025 – Council Work Session – 5:00PM All meetings of the Spring Park City Council are video recorded and available for viewing online at www.ci.spring-park.mn.us or Spring Park | Lake Minnetonka Cable Commission (lmcc-tv.org). Meeting minutes are intended to be a general synopsis of the meetings of the City Council. Additional detail regarding discussions and policy considerations is provided by watching the recording of the meeting. 10. ADJOURNMENT There being no further discussion, Council Member Suttle motioned, being seconded by Council Member Horton, to adjourn the meeting at 7:10p.m. On vote being taken, the motion was unanimously approved. Respectfully submitted, Jamie Hoffman, City Clerk *Check Summary Register© CITY OF SPRING PARK 11/13/25 2:28 PM Page 1 Batch: 111725PAY Name Check Date Check Amt 10100 Wells Fargo Bank NA 34479 BANYON DATA SYSTEMS, INC.11/13/2025 $1,859.00 2025 Annual Support Fee for UB/ Fund Accoun 34480 BIFFS, INC.11/13/2025 $170.00 Oct. 25 Portable Restroom Service at Thor Tho 34481 CARSON, CLELLAND, & SCHRED 11/13/2025 $1,725.00 Oct. 2025 Legal Services - Cannabis 34482 CENTERPOINT ENERGY 11/13/2025 $399.33 Gas usage 09/23/25-10/21/25 34483 GOPHER STATE ONE-CALL 11/13/2025 $37.80 Oct. 25' Locates 34484 METRO COUNCIL ENVIRON SER 11/13/2025 $26,180.34 Dec. 25' Wastewater Treatment Monthly Fee 34485 MISSION COMMUNICATIONS LL 11/13/2025 $2,084.40 Alarm Monitoring System for Lift Stations 34486 MOORE ENGINEERING, INC 11/13/2025 $35,798.05 Eng. Services for Sunset Drive Utility Design 34487 PRESS PERFECT PRINTING & G 11/13/2025 $1,087.32 Fall 2025 Newsletter & Fall Clean Up Postcard 34488 QUALITY CONTROL & INTEGR., I 11/13/2025 $1,378.80 Service call for WTP 34489 REPUBLIC SERVICES, INC 11/13/2025 $1,679.04 Oct. 25' Recycling Services 34490 SOLUTION BUILDERS, INC.11/13/2025 $1,052.14 Advance Plan for SMC1500C 34491 UNICLEAN CLEANROOM SERVIC 11/13/2025 $126.48 Rug rental services 09/28/25-10/25/25 34492 WSB & ASSOCIATES, INC.11/13/2025 $3,706.00 Sept. 25' Planning Services - Zoning 34493 XCEL ENERGY 11/13/2025 $105.95 Electric Usage 09/24/25-10/23/25 - 4468 Shore Total Checks $77,389.65 Batch: 111725PAY Page 1 11/13/25 2:30 PMCITY OF SPRING PARK *Check Detail Register© Amount CommentInvoiceCheck #Check Date Vendor Name 10100 Wells Fargo Bank NA 34479 11/13/25 BANYON DATA SYSTEMS, INC. $619.68 2025 Annual Support Fee for UB/ Fund Accounting/Vault Storage Computer Support/Supplie 00167119E 101-41500-207 $619.66 2025 Annual Support Fee for UB/ Fund Accounting/Vault Storage Computer Support/Supplie 00167119E 601-49400-207 $619.66 2025 Annual Support Fee for UB/ Fund Accounting/Vault Storage Computer Support/Supplie 00167119E 602-49450-207 $1,859.00Total 34480 11/13/25 BIFFS, INC. $170.00 Oct. 25 Portable Restroom Service at Thor Thompson Park Refuse/Garbage Disposal INV274273E 101-45200-384 $170.00Total 34481 11/13/25 CARSON, CLELLAND, & SCHREDER $290.00 Oct. 2025 Legal Services - CannabisLegal Fees 8585E 101-41600-304 $362.50 Oct. 2025 Legal Services - City CouncilLegal Fees 8585E 101-41600-304 $72.50 Oct. 2025 Legal Services - PILOT AgreementLegal Fees 8585E 101-41600-304 $1,000.00 Oct. 2025 Legal ServicesLegal Fees 8585E 101-42000-304 $1,725.00Total 34482 11/13/25 CENTERPOINT ENERGY $28.17 Gas usage 09/23/25-10/21/25Utilities/Electric/GasE 101-41900-381 $260.97 Gas usage 09/23/25-10/21/25Utilities/Electric/GasE 601-49400-381 $110.19 Gas usage 09/23/25-10/21/25Utilities/Electric/GasE 602-49450-381 $399.33Total 34483 11/13/25 GOPHER STATE ONE-CALL $18.90 Oct. 25' LocatesContracted Services 5100762E 601-49400-310 $18.90 Oct. 25' LocatesContracted Services 5100762E 602-49450-310 $37.80Total 34484 11/13/25 METRO COUNCIL ENVIRON SERVICES $26,180.34 Dec. 25' Wastewater Treatment Monthly FeeMCES Sewer Service Chg 0001196448E 602-49450-327 $26,180.34Total 34485 11/13/25 MISSION COMMUNICATIONS LLC $2,084.40 Alarm Monitoring System for Lift StationsOther Miscellaneous 2013805E 602-49450-437 $2,084.40Total 34486 11/13/25 MOORE ENGINEERING, INC $12,610.00 Eng. Services for Sunset Drive Utility DesignSunset Drive - Improv. Pro SIN002942E 201-43100-536 $4,185.25 Eng. Services for Sunset Drive Utility DesignSunset Drive - Improv. Pro SIN003856E 201-43100-536 $1,645.55 Eng. Services for Sunset Drive Utility DesignSunset Drive Utilites - Wat SIN003856E 201-43100-533 $1,977.50 Eng. Services for Sunset Drive Utility DesignSunset Drive Utilites - Sew SIN003856E 201-43100-534 $350.00 Eng. Services for Sunset Drive Utility DesignSunset Drive Utilites - Stor SIN003856E 201-43100-535 $2,400.00 June 25' General engineeringContracted Services SIN003870E 101-41910-310 $11,654.00 Wellhead protection planEngineering Fees SIN003870E 601-49400-303 $832.00 MS4Engineering Fees SIN003870E 602-49450-303 $143.75 2025 Hennepin County Pavement PreservationRoad Pavement Project 2 SIN003870E 201-43100-528 Batch: 111725PAY Page 2 11/13/25 2:30 PMCITY OF SPRING PARK *Check Detail Register© Amount CommentInvoiceCheck #Check Date Vendor Name $35,798.05Total 34487 11/13/25 PRESS PERFECT PRINTING & GRAPGICS $1,087.32 Fall 2025 Newsletter & Fall Clean Up PostcardsPrint/Binding 25377E 101-41500-350 $1,087.32Total 34488 11/13/25 QUALITY CONTROL & INTEGR., INC $1,378.80 Service call for WTPRepairs/Maint General 49921E 601-49400-400 $1,378.80Total 34489 11/13/25 REPUBLIC SERVICES, INC $1,679.04 Oct. 25' Recycling ServicesContracted Services 0894-007297E 101-42900-310 $1,679.04Total 34490 11/13/25 SOLUTION BUILDERS, INC. $38.94 Advance Plan for SMC1500CIT Technology Support 11898E 101-41500-330 $38.94 Advance Plan for SMC1500CIT Technology Support 11898E 601-49400-330 $38.94 Advance Plan for SMC1500CIT Technology Support 11898E 602-49450-330 $250.33 Dec. 25' Managed IT ServicesComputer Support/Supplie 11930E 101-41500-207 $250.33 Dec. 25' Managed IT ServicesComputer Support/Supplie 11930E 601-49400-207 $250.34 Dec. 25' Managed IT ServicesComputer Support/Supplie 11930E 602-49450-207 $61.44 Oct. 25' Microsoft Online ServicesIT Technology Support 12021E 101-41500-330 $61.44 Oct. 25' Microsoft Online ServicesIT Technology Support 12021E 601-49400-330 $61.44 Oct. 25' Microsoft Online ServicesIT Technology Support 12021E 602-49450-330 $1,052.14Total 34491 11/13/25 UNICLEAN CLEANROOM SERVICES $126.48 Rug rental services 09/28/25-10/25/25Contracted Services 216466E 101-41900-310 $126.48Total 34492 11/13/25 WSB & ASSOCIATES, INC. $3,651.50 Sept. 25' Planning Services - ZoningContracted Services R-026595-00E 101-41910-310 $54.50 Sept. 25' Planning Services - Lake Mtka ShoresContracted Services R-026595-00E 101-41910-310 $3,706.00Total 34493 11/13/25 XCEL ENERGY $105.95 Electric Usage 09/24/25-10/23/25 - 4468 Shoreline Drive Utilities/Electric/Gas 1225341141E 101-41900-381 $105.95Total 10100 $77,389.65 Fund Summary 10100 Wells Fargo Bank NA 101 GENERAL FUND $11,998.35 201 PUBLIC IMPROV REVOLVING FUND $20,912.05 601 WATER FUND $14,283.04 602 SEWER FUND $30,196.21 $77,389.65 STAFF MEMO SPECIAL EVENT BACK CHANNEL - JINGLE BAR DECEMBER 2, 2025 – JANUARY 5, 2026 1. BACKGROUND: Back Channel submitted a special event permit application for a special event to take place for one month starting December 2, 2025 and running until January 5, 2026. The event is a community event for the holidays called Jingle Bar and will take place between the hours of 12:00p.m to 9:00p.m. on weekdays and 12:00p.m. to 11:00p.m. on weekends. 2. DISCUSSION: The event is for multiple days and will include an enclosed tent with 2 propane heaters. The event organizers will coordinate with the Mound Fire Department and Orono Police Department prior to the event to ensure that all necessary safety precautions have been put into place. The fee for a multi-day event is $250 for first day + $100 for each additional day. 3. FINANCIAL & SAFETY CONSIDERATIONS: The event includes multiple days. Council needs to determine fee amount as we don’t have a fee for multiple events, only multiple music events. Orono Police has approved without concern. Mound Fire is reviewing for required safety requirements and setup. 4. RECOMMENDED ACTION: Determine fees for the event and approve Special Event Application No. #25-21. City of Spring Park 4349 WARREN AVENUE, SPRING PARK, MINNESOTA 55384-9711 (952) 471-9051 FAX (952) 471-9160 WWW.CI.SPRING-PARK.MN.US Staff Memo: Administrative Committee Update To: Spring Park – Mayor and Council From: Mike Anderson, City Administrator Subject: COLA and Merits for 2026 The Administrative Committee met on 11/10/25 with the City Administrator to discuss 2025 performance evaluations and potential pay increases for 2026. There was positive feedback and helpful information to increase production in 2026. Salary Recommendations are as follows: • The City Administrator is recommending a 2% Merit Increase for both office staff. • The Administrative Committee is recommending a 2% Merit Increase for the City Administrator • The Administrative Committee is recommending a 3% Cost of Living Increase for all City employees These increases have been budgeted for 2026. The Council will be asked to approve and vote for inclusion in the 2026 levy on 12/1/25. 195385312v2 Extract of Minutes of a Meeting of the City Council of the City of Spring Park Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Spring Park was duly held in the City of Spring Park, Minnesota, on November 17, 2025, at 6:00 o’clock P.M. The following members were present: and the following were absent: During said meeting _________ introduced the following resolution and moved its adoption: RESOLUTION NO. 25-13 RESOLUTION APPROVING: (i) THE TERMINATION OF A REGULATORY AGREEMENT AND AUTHORIZING THE EXECUTION THEREOF RELATED TO THE HOUSING AND HEALTH CARE REVENUE REFUNDING NOTE, SERIES 2014C (PHS/LAKE MINNETONKA CAMPUS PROJECT); AND (ii) THE TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES WHEREAS, (a) The City of Spring Park, Minnesota (the “City”) has previously issued its Housing and Health Care Revenue Refunding Note, Series 2014C (PHS/Lake Minnetonka Campus Project) (the “Note”), which, at the request of PHS/Lake Minnetonka, LLC, a Minnesota limited liability company (the “Borrower”), the sole member of which is Presbyterian Homes Housing and Assisted Living, Inc., a Minnesota nonprofit corporation (“Presbyterian Homes”), and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), refinanced, in part, the outstanding principal amount of the $28,000,000 Housing and Health Care Revenue Note, Series 2010 (PHS/Lake Minnetonka Campus Project) issued by the City of Spring Park, Minnesota (the “Series 2010 Note”), which was issued to finance, in part, the acquisition, construction, and equipping of affordable multifamily housing facilities located at 4599 Shoreline, 4601/09 Shoreline Drive, and 2380 Island Drive in the City of Spring Park, Minnesota (collectively, for the purposes of this Resolution, the “Project”); (b) The City has been advised by representatives of the Borrower that it intends to sell the Project and to partially prepay and redeem that portion of the Note applicable to the Project; (c) Pursuant to an Amended and Restated Regulatory Agreement (Park Hill, Park Hill North and Shoreview Apartments), as amended by that certain First Amendment to 195385312v2 2 Amended and Restated Regulatory Agreement (Park Hill, Park Hill North and Shoreview Apartments), between the Borrower, the City, the City of Chanhassen, Minnesota, the City of St. Bonifacius, Minnesota, and Northeast Bank (together, the “Regulatory Agreement “), certain rental restrictions are imposed on the Project; (d) Pursuant to an Agreement for Payments in Lieu of Taxes between Presbyterian Homes and the City (the “PILOT Agreement”) certain amounts would become payable to the City during each calendar year in which sums remain due under the Note if, in such year, the Property generated less in real estate taxes (through either exemption or reclassification) than it would have if the Property were classified for taxation purposes as it was on January 2, 2007. (e) Presbyterian Homes assigned and conveyed to Borrower all of its right, title, and interest in and to the PILOT Agreement pursuant to that certain Assignment and Assumption of Agreement for Payments in Lieu of Taxes (the “Assignment”). (f) In connection with the sale of the Project and the partial prepayment of the Note, the rental restrictions imposed under the Regulatory Agreement will no longer be applicable. Moreover, the Property is neither exempt from taxation nor in a tax classification that generates less in real estate taxes than the Property would generate if it were classified for taxation purposes as it was on January 2, 2007. (g) Borrower and Presbyterian Homes have requested that the Regulatory Agreement, the PILOT Agreement, and the Assignment be terminated; and (h) Copies of the proposed form of the Termination of Regulatory Agreement and Termination of Agreement for Payments in Lieu of Taxes have been presented to the City Council in connection with its consideration of this Resolution, and have been submitted to the City Council. NOW, THEREFORE, IT IS HEREBY RESOLVED, by the City Council of the City of Spring Park, as follows: 1. The proposed Termination of Regulatory Agreement and Termination of Agreement for Payments in Lieu of Taxes are hereby approved in substantially the form presented to the City Council, together with such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom, and additions thereto as may be necessary and appropriate and approved by Taft Stettinius & Hollister LLP, Bond Counsel to the City, prior to the execution thereof. The Mayor and the City Administrator of the City are authorized to execute the Termination of Regulatory Agreement and Termination of Agreement for Payments in Lieu of Taxes in the name of and on behalf of the City. In the event of the absence or disability of the Mayor or the City Administrator such officers of the City as, in the opinion of the City Attorney, may act on their behalf, shall without further act or authorization of the City Council do all things and execute all instruments and documents required to be done or executed by such absent or disabled officers. The execution of any instrument by the appropriate officer or officers of the City herein authorized shall be conclusive evidence of the approval of such documents in accordance with the terms hereof. 195385312v2 3 Adopted by the City Council of the City of Spring Park, Minnesota, this 17th day of November, 2025. _______________________________________ Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by Member ________________________, and after full discussion thereof and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. 195385312v2 4 STATE OF MINNESOTA COUNTY OF HENNEPIN CITY OF SPRING PARK I, the undersigned, being the duly qualified and acting City Clerk of the City of Spring Park, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council duly called and held on the date therein indicated, insofar as such minutes relate to a resolution authorizing the termination of a regulatory agreement. WITNESS my hand this ____ day of __________, 2025. _______________________________________ City Clerk 195365710v2 1 TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES THIS TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES (the “Termination”) is effective as of _________, 2025 (the “Effective Date”) by and between the CITY OF SPRING PARK, MINNESOTA, a municipal corporation duly organized and existing under the Constitution and laws of the State of Minnesota ( the “City”), PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING, INC., a Minnesota nonprofit corporation (“Presbyterian Homes”), and PHS/LAKE MINNETONKA, LLC, a Minnesota limited liability company (the “Owner”). The City, Presbyterian Homes, and Owner may be referred to herein as the “Parties.” RECITALS: A. Owner is the fee owner of the real property located at 4601 /09 Shoreline Drive and 2380 Island Drive, City of Spring Lake, Hennepin County, Minnesota, as more fully described on the attached Exhibit A (the “Property”) B. Presbyterian Homes, Owner’s predecessor in interest to the Property, and the City entered into that certain Agreement for Payments in Lieu of Taxes (the “PILOT Agreement”) dated December 27, 2007, filed January 28, 2008 as Document No. 4464814 in the Office of the Registrar of Titles, Hennepin County, Minnesota, as an inducement to the City for the issuance of Multifamily Housing Revenue Bonds (the “Bonds”). The Bonds were issued to finance, in part, the acquisition, construction, and equipping of affordable multifamily housing facilities located upon the Property. C. Presbyterian Homes assigned and conveyed to Owner all of its right, title, and interest in and to the PILOT Agreement pursuant to that certain Assignment and Assumption of Agreement for Payments in Lieu of Taxes (the “Assignment”) dated June 2, 2010, filed June 15, 2010 as Document No. T4762978 in the Office of the Registrar of Titles, Hennepin County, Minnesota . D. The PILOT Agreement provides for certain amounts to be paid to the City during each calendar year in which sums due under the Bonds, or any renewal or replacement thereof, are outstanding if, in such year, the Property generated less in real estate taxes (through either exemption or reclassification) than it would have if the Property were classified for taxation purposes as it was on January 2, 2007. E. The Owner intends to sell the Property and repay the portion of the Bonds, as renewed and replaced, that were issued in connection with the Property. Moreover, the Property is neither exempt from taxation nor in a tax classification that generates less in real estate taxes than the Property would generate if it were classified for taxation purposes as it was on January 2, 2007. F. Presbyterian Homes and the Owner have requested, and the City has agreed, to terminate, discharge, and release the PILOT Agreement and the Assignment. AGREEMENT: NOW THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows: 1. Termination and Release. The Owner, Presbyterian Homes, and the City, for themselves and their successors and assigns, hereby terminate and discharge the PILOT Agreement and Assignment in their entirety. The PILOT Agreement and Assignment are of no further force and effect, and the Owner , 195365710v2 2 Presbyterian Homes, and the City no longer have any rights or obligations under the PILOT Agreement or Assignment. The Property is hereby released in all respects from the PILOT Agreement and Assignment. 2. Recording. This Termination may be recorded against the Property. 4. Run with the Land. This Termination shall run with the land and is binding upon and inure to the benefit of the Parties hereto and their successors and assigns. 5. Miscellaneous. This Termination will in all respects be interpreted, construed and enforced according to the laws of the State of Minnesota. This Termination may be executed separately and independently in any number of counterparts and each and all of which together will be deemed to have been executed simultaneously and regarded as one agreement dated as of the Effective Date. (The remainder of this page is intentionally left blank.) 195365710v2 IN WITNESS WHEREOF, the parties hereto have caused this Termination of Agreement for Payments in Lieu of Taxes to be executed effective as of the day and year first written above. CITY OF SPRING PARK, MINNESOTA By Its Mayor By Its City Administrator STATE OF MINNESOTA ) ) ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this ____ day of _____________, 202 5, by ____________________, the Mayor of the City of Spring Park, Minnesota, a municipal corporation duly organized and existing under the Constitution and laws of the State of Minnesota, on behalf of the City. Notary Public STATE OF MINNESOTA ) ) SS. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this ____ day of _____________, 202 5, by ____________________, the City Administrator of the City of Spring Park, Minnesota, a municipal corporation duly organized and existing under the Constitution and laws of the State of Minnesota , on behalf of the City. Notary Public (SIGNATURE PAGE TO TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES ) 195365710v2 IN WITNESS WHEREOF, the parties hereto have caused this Termination of Agreement for Payments in Lieu of Taxes to be executed effective as of the day and year first written above. PRESBYTERIAN HOMES HOUSING AND ASSISTED LIVING, INC., a Minnesota nonprofit corporation By: Name: Mark Meyer Its: Chief Financial Officer STATE OF MINNESOTA ) ) ss. COUNTY OF _____________ ) The foregoing instrument was acknowledged before me on this _____ day of _____________, 2025, by Mark Meyer, the Chief Financial Officer of Presbyterian Homes Housing and Assisted Living, Inc. on behalf of the corporation. Notary Public (SIGNATURE PAGE TO TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES ) 195365710v2 IN WITNESS WHEREOF, the parties hereto have caused this Termination of Agreement for Payments in Lieu of Taxes to be executed effective as of the day and year first written above. PHS/LAKE MINNETONKA, LLC, a Minnesota limited liability company By: Name: Mark Meyer Its: Chief Financial Manager STATE OF MINNESOTA ) ) ss. COUNTY OF _____________ ) The foregoing instrument was acknowledged before me on this _____ day of _____________, 2025, by Mark Meyer, the Chief Financial Manager of PHS/Lake Minnetonka, LLC, on behalf of the limited liability company. Notary Public This instrument was drafted by: TAFT STETTINIUS & HOLLISTER LLP (AMN) 2200 IDS Center 80 South 8th Street Minneapolis, MN 55402 (SIGNATURE PAGE TO TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES) 195365710v2 EXHIBIT A TO TERMINATION OF AGREEMENT FOR PAYMENTS IN LIEU OF TAXES Legal Description of the Property Real property in the City of Spring Park, County of Hennepin, State of Minnesota, described as follows: Parcel A: (Torrens property; Certificate of Title No. 1322942) That part of Government Lot 8, Section 18, Township 117, Range 23 described as beginning on the South line of said Government Lot 8 distant 1326.9 feet West from the Southeast corner of said Government Lot 8, thence West along said South line a distance of 278.3 feet; thence North parallel with the East line of said Government Lot 8 to the North line of County Road No. 15; thence Southeasterly along the North line of said County Road to its intersection with a line drawn parallel with the East line of said Government Lot 8 from the point of beginning, thence South along said last mentioned parallel line to the point of beginning, according to the Government Survey thereof which lies North of a line drawn parallel with and 370.0 feet North, measured at right angles from the South line of Government Lot 8, except the West 22 feet thereof. Together with a non-exclusive easement for ingress and egress purposes including vehicular use, utility use, pedestrian use and general driveway purposes over and across the West 22 feet of that part of Government Lot 8, Section 18, Township 117, Range 23, described as beginning on the South line of said Government Lot 8, distant 1326.9 feet West from the Southeast corner of said Government Lot 8; thence West along said South line a distance of 278.3 feet; thence North parallel with the East line of said Government Lot 8 to the North line of County Road No. 15; thence Southeasterly along the North line of said County Road to its intersection with a line drawn parallel with the East line of said Government Lot 8 from the point of beginning; thence South along said last mentioned parallel line to the point of beginning, as contained in Document No. 1392121. (see Order Document No. 1461150). Parcel B: (Torrens property; Certificate of Title No. 1322942) That part of Government Lot 8, Section 18, Township 117, Range 23, described as beginning on the South line of said Government Lot 8 distant 1326.9 feet West from the Southeast corner of said Government Lot 8; thence West along said South line a distance of 278.3 feet; thence North parallel with the East line of said Government Lot 8 to the North line of County Road No. 15; thence Southeasterly along the North line of said County Road to its intersection with a line drawn parallel with the East line of said Government Lot 8 from the point of beginning; thence South along said last mentioned parallel line to the point of beginning except therefrom that part lying North of a line drawn parallel with the 370.0 feet North, measured at right angles from the South line of said Government Lot 8, and except the West 22 feet of the above described property. Together with a non-exclusive easement for ingress and egress purposes, including vehicular use, utility use, pedestrian use and general driveway purposes over and across the West 22 feet of that part of Government Lot 8, Section 18, Township 117, Range 23, described as beginning on the 195365710v2 South line of said Government Lot 8, distant 1326.9 feet West from the Southeast corner of said Government Lot 8; thence West along said South line a distance of 278.3 feet; thence North parallel with the East line of said Government Lot 8 to the North line of County Road No. 15; thence Southeasterly along the North line of said County Road to its intersection with a line drawn parallel with the East line of said Government Lot 8 from the point of beginning; thence South along said last mentioned parallel line to the point of beginning, as contained in Document No. 1392120; (See Order Document No. 1461150). Parcel C: (Easement) A non-exclusive easement for roadway and utility purposes over part of the west 113.5 feet of the east 1718.7 feet of Government Lot 8 lying south of County Road 15 in Section 18, Township 117, Range 23, as contained in the Easement Agreement for Roadway and Utility Purposes, recorded November 21, 2006 in the office of the Hennepin County Recorder as Document No. 8895214 and in the office of the Hennepin County Registrar of Titles as Document No. 4329645.