Scott County, Canterbury and City of Shakopee Agreement for Canterbury Commons Public Infrastructure Easement Acquisition.

Public infrastructure improvements are being planned and made in connection with the Canterbury Commons development that will require several dedications and exchanges of property and easements between the City of Shakopee, Scott County and Canterbury Park. This agreement will memorialize the understanding and intent as the projects proceed. The follow is a summary of the anticipated land uses on the different city, county and Canterbury Park parcels (see attached agreement and exhibit):

• J&J Minneapolis LLC (SANMAR property (Parcel 10) - This parcel was acquired through condemnation by the city. The uses of the parcel include roadway right-of-way (both for Unbridled Avenue and CSAH 83), ponding and utility easement (both for city and county) and a remnant parcel on the north side of the parcel that could be resold. If resold, this revenue would offset the Tax Increment Financing amount used to pay for the parcel.

• Twin City's Outboard Property (Parcel 9) - This parcel was purchased by Canterbury Park. The entirety of the parcel will be used for roadway and ponding purposes. A portion of the right-of-way is for Unbridled Avenue and a portion is for the CSAH 83 expansion. The remainder of the parcel will be encumbered by drainage and utility easements for public utilities and ponding. The ponding that will be constructed as part of the Unbridled project is allocated for the Unbridled project, the CSAH 83 project and a future allocation for development and/or public roadway.

• Scott County Work Force Center (Parcel 7) - This parcel is owned by the county. The county will be dedicating the right-of-way, drainage and utility easements and temporary easements needed for the Unbridled Avenue project. The county will also be dedicating the right-of-way for the future north-south roadway ("local street") as part of a future Canterbury Commons phase. Remnant parcels would remain the ownership of the county. It is expected that Canterbury Park would purchase the remnant westerly parcel and the county would retain the easterly parcel as part of the Work Force Center campus for parking needs.
  
  
  
  

• Canterbury Park (Parcels 5 and 6) - These parcels are owned by Canterbury Park. It is expected that Canterbury Park and the county will negotiate the easement needs of the CSAH 83 project directly with Canterbury as part of Canterbury's purchase of the westerly Parcel 7 remnant discussed above.