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Owner. Owner of the Subject Property at time of the approval of the Permit: <br /> <br />Sogdiana LLC, owner <br /> <br />Conditions. The Permit is issued subject to the following conditions: <br /> <br />1. The Interim Use Permit shall terminate February 17, 2029, or when the property <br />changes ownership, whichever occurs first. <br />2. The building shall be inspected by the city’s Building Official and Fire Marshal to <br />verify compliance with all building and fire codes. <br />3. The Interim Use Permit will be recorded against the property to put any future <br />buyers on notice that the Interim Use Permit will not run with the property. <br />4. The structure shall be returned to a single-family home prior to sale or when the <br />Interim Use Permit terminates. <br />5. The applicant shall submit a deposit in the amount of $5,000 to ensure compliance <br />with the Interim Use Permit conditions. <br />6. The applicant shall provide documentation that each tenant received a letter <br />indicating the Interim Use Permit will expire on February 17, 2029, and the structure <br />will be converted back to a single-family residential district. <br />7. No additional Interim Use Permits will be granted for a similar use on this property <br />beyond February 17, 2029. <br /> <br />Termination of Permit. The Permit shall remain in effect only for so long as the conditions set for <br />the herein are complied with. The City may revoke the Permit following a public hearing for violation <br />of the terms and/or conditions set forth in the Permit. <br /> <br />Criminal Penalty. Both the owner and any occupant of the Subject Property are responsible for <br />compliance with the permit. Violation of the terms of the Permit is a criminal misdemeanor. <br /> <br />Recording. The Permit shall be recorded against the title to Subject Property. <br /> <br />Dated: February 17, 2026. <br /> CITY OF ELK RIVER <br /> <br /> <br /> By: ___________________________________ <br /> Mayor John J. Dietz <br /> <br /> <br /> By: ___________________________________ <br /> Deputy City Clerk Jolene Richter <br /> <br />STATE OF MINNESOTA ) <br /> ) ss. <br />COUNTY OF SHERBURNE ) <br /> <br /> The foregoing instrument was acknowledged before me this 17th day of February, <br />Page 117 of 395