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MIJTI7AL SETTLEMENT AGREEMENT AND RELEASE <br /> This Mutual Settlement Agreement and Release (hereinafter "the Agreement") is made <br /> <br /> and entered into by and between Valor Enterprises, Inc., a Minnesota corporation (hereinafter <br /> "Valor") Plaintiff and the City of Little Canada (hereinafter "City") Defendant. The Agreement <br /> shall be effective when signed by all parties. <br /> RECITALS <br /> A. Plaintiff Valor commenced a lawsuit against Defendant City in Ramsey County Court, <br /> Court File No. 62-C 1-07-000998. <br /> B. Plaintiff Valor's Amended Verified Complaint is attached as Exhibit A. <br /> C. Defendant City filed a counterclaim against Plaintiff Valor. <br /> D. Defendant City of Little Canada's Verified Answer to Amended Complaint And <br /> Counterclaim is attached as Exhibit B. <br /> E. Plaintiff Valor is the owner of property located at 3165-3167 Spruce Street in the City of <br /> Little Canada, Minnesota (hereinafter "the Property"). <br /> F. The parties to this Agreement wish to effectuate a complete settlement of the Lawsuit and <br /> all potential claims arising from or related to the Property, including any and all appeals, <br /> and any and all claims for damages and equitable relief, in a full, final, and amicable <br /> manner by means of this Settlement Agreement. <br /> NOW THEREFORE, the parties hereby stipulate and agree as follows: <br /> 1. Plaintiff Valor agrees to stipulate to dismiss with prejudice all claims they have <br /> brought or could have brought relating to the above-described Property. <br /> 1 <br /> <br />